Geoffrey Holt, a man who lived a simple and frugal life in the small town of Hinsdale, left an astonishing gift of $3.8 million to the town after his passing. Despite living modestly in a mobile home and using kitchen chairs made of plywood, Holt’s wealth was revealed after his death, much to the surprise of the town’s 4,000 residents. The nearly $4 million gift originated from a trust fund Holt established in 2001, a substantial amount primarily made of mutual funds accounts.
Holt’s best friend, Smokey Smith, described how Geoffrey lived with simplicity and without the need for much, even only relying on social security checks during the final 15 years of his life. Holt’s fortune was ultimately left to the New Hampshire Charitable Foundation, and members of the town, including schools and local organizations, can apply annually for grants for up to $150,000 per year. The funds have the potential to be transformational for the small community of Hinsdale, with a focus on supporting projects, programs, and organizations that provide health, educational, recreational, or cultural benefits to its residents.
Despite Holt’s friend emphasizing his wish to avoid the limelight, his generous gift is being recognized and appreciated by the town. The fact that Holt, who preferred to stay out of the crowd, has brought such a significant contribution to his community serves as a testament to his character and the impact of his astonishing generosity.
