Ohio philanthropist William Frack dies
Thursday, May 29, 2014 10:18 AM
FINDLAY, Ohio (AP) — A northwest Ohio philanthropist has died less than two months after announcing he would leave about $20 million to a community foundation, with much of it going to the collegiate basketball program he followed with devotion for six decades.
A spokeswoman for the Findlay-Hancock County Community Foundation says 79-year-old William Frack of Findlay died Wednesday at a funeral home.
The Courier in Findlay (http://bit.ly/1msvmZk ) reports the donor, known as Bill, announced his gift for the community foundation in April.
Three-fourths of it was directed to the Bowling Green State University men's basketball program. Estimates suggest that endowment could generate about $675,000 a year.
The remainder of the gift was for addressing homelessness and domestic violence.
Frack had said he made his money through investments.