Elkhart Community Foundation receives $125 million gift

ELKHART, Ind. -- A generous gift by a man who lived in Los Angeles a good deal of his life is making one local foundation figuring out a way to make use of the gift.

The Elkhart Community Foundation received a $125 million gift from Guy David Gundlach, a 1973 Elkhart Memorial High School graduate.

Gundlach died last year in Los Angeles after heart attack.

He spent a good deal of his life in L.A. but always considered Elkhart his home.

Gundlach had no spouse or heirs, so he left his entire fortune to the foundation.

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