$8 Million Dollar Donation For Animals And Environment

A former North Stonington resident has left an $8 million gift to benefit animals and the environment in Connecticut.

The Community Foundation of Eastern Connecticut announced Wednesday it was named to receive the residuary estate of Peter Grayson Letz, who died last September.

Letz specified that the estate, valued at about $8 million, be used to promote animal welfare and protect the wildlife in New London County and for environmental causes.

The foundation says the gift is the largest it has ever received and will be used to create a permanent endowment, the Peter Grayson Letz Fund for Animals and the Environment.

They anticipate the fund will generate about $320,000 in grant dollars each year to be awarded for projects benefiting animals.

(© Copyright 2014  The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)



Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Connecticut

The Latest UConn News
CT Business Spotlight

Listen Live