$8 million gift for animals

2014-07-02-community-foundation

NEW LONDON, Conn. (AP) — A former North Stonington resident has left an $8 million gift to benefit animals 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.

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.

 

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