Elkhart Community Foundation receives $125 million gift
Posted: Aug 27, 2012 9:04 PM EDT | Updated: Nov 6, 2014 7:28 AM EDT
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.