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The Minnedosa and District Foundation receives $1 million bequest
Minnedosa and District Foundation Benefactor of Averill Estate
The Minnedosa and District Foundation have received $600,000.00 and the executors of the estate anticipate another $400,000.00 for a 1 Million dollar bequest from the estate of Verna Averill. After some other bequests the balance of Verna’s estate was left to the Foundation.
Having grown up and gone to school in Basswood and taught in small schools of Marney, Crocus Hill, Strathclair, Newdale, Neepawa and Minnedosa she had a love and appreciation for the efforts of local organizations and their fund raising activities. Along with her husband Leonard Averill, Verna was always willing to donate to any local cause and always had an interest in the community.
This significant addition to the Minnedosa and District Foundation will allow us to continue the giving that had always been a part of Verna and Leonard Averill’s life. With this donation along with $65,000.00 from Leonard Averill estate and other numerous estate bequests and donations our Foundation now has over 1.3Million dollars in perpetuity and will be able to donate the interest generated from these funds back into the community each year.
The original $15,000.00 that the Foundation started with in 1974 has generated enough income over the past 35 years to have made donations back to our community of over $26,000.00.
Projecting into the future this $1,000,000.00 donation has the potential of putting back over $1,000,000.00 into the community over the next 20 years. This will allow Verna Averill through the Foundation to continue her desire to help local causes and provide much needed funding for these causes. Through this bequest Verna Averill is truly “Leaving a Legacy for The Future”.
