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Q: Will shelters and rescues share 5 - 8 billion dollars?

December 10, 2008 | By Chitown | 12 answers | Expired: 2078 days ago

Chitown

The late billionaire Leona Helmsley left most of her fortune in a Trust valued at $5-8 billion, to be used to benefit dogs, per her Mission Statement...but her wish might not be honored. Do you think it should be honored fully, and if so, how should the money be used?

Readers' Answers (12)

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Elizabeth  M.
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Dec 22, 2008

while I wish that the money will be used to help homeless animals I imagine the family will tie it up in litigation. Too often I've seen people leave great sums to animals and the families or foundations set up in their honor change the mission. I find it disturbing.

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Anonymous
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Anonymous

Dec 20, 2008

i would think

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Meg S.
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Dec 12, 2008

I would hope that Leona's will is followed as per her mission statement and wishes. Although, I am sure her dog is upset.....
The administrators of the trust should be ashamed if they do not follow the intent of the will and should be brought up on charges.

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Angie D.
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Dec 11, 2008

I think it should be used to benefit as many shelter dogs as poss. I'm not sure how it should be doled out to make it fair. I'm surprised, being the business woman she was, that she didn't designate where her funds were to go in her will. I think her dog is being taken care of in fine fashion for the rest of his little life.

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Kristen M.
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Dec 11, 2008

All I know is our local shelter could sure use a generous donation. Anyway, I'm really thankful that she chose to do something great with her money.

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DDRau
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Dec 11, 2008

Depends on how her foundation is set up. It could all go to universities for research. Look at what happened to the millions from the Dodge Foundation - poetry reading contests, the arts, environmental issues - all worthy but just a fraction goes toward's Mrs. Dodge's passion for animals.

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Rhonda T.
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Dec 11, 2008

I really hope that the estate is used the way she requested. but you know how some people are, if there is not an executor to the will that respects her wishes, I think the money would be used in different ways. Because she wasn't specific enough, that leaves lots of room for interpretation.

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Lexismommy
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Dec 10, 2008

Yes it should be honored. These were her last wishes. It's too bad she didn't state which shelters. 5-8 billions dollars is a lot of money. That supply 200,000 shelters with 25,000 dollars. I don't know how many shelters are in the US, but every single shelter could get some money with this much. I know out shelter could use the money. Hey if her estate needs someone to go around and evaluate shelters, travel and dole out money, I'll do it! :) So many animals could benefit from this. I really hope her wish is honored, why else would people write up a will and last requests? And who might be stopping this?

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Dstrykr
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Dec 10, 2008

I think it would benefit "the majority" to put it in a high interest trust fund and divide that money in grants.

It's amazing how much 5-8 billion dollars makes in interest each year! She could easily fund the annual zootoo contest and have plenty left over to award something to all top 20 positions!

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Claudia
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Dec 10, 2008

I think it's wrong that they don't honor a dead lady's wish. However, it would be nice if the money could be shared amongst needy shelters - but I don't think that's going to happen either.

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