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Being thrifty is a great skill. It takes a lot of hard work to figure out the best ways to save. This carpenter was able to do that and then give the money he had saved to people who really needed it.

There’s being frugal and then there was Dale Shroeder. He only owned two pairs of jeans, one for church and one for work.

And in basically every other area of his life, he was just as stringent. He only owned the bare minimum of what was necessary.

But Shroeder wasn’t poor. Like many people, he learned a trade and was able to earn a good living off of it. In fact, he held the same job, as a carpenter for one company, for 67 years.

Thanks to his dedication to thrift, Shroeder was able to save up a small fortune in the bank. By the end of his life, he’d personally managed to accumulate $3 million.

But eventually, he had to face the facts about all that money that he’d saved. He never married and never had kids. So where was the money going to go?

He met with a lawyer, who explained that as Shroeder had no living relatives, then the money would most likely end up in the hands of the government after he had passed away.

Shroeder definitely didn’t want this to happen.

He’d worked hard his entire life and earned every single penny of his $3 million.

He wasn’t anti-government, but he knew that there were better beneficiaries of his savings than Uncle Sam. That’s when Shroeder opened up to his lawyer about why he had been so frugal all these years.

The old man explained that as a young man, he had wanted to attend college and pursue a dream career. But he was from a poor family, and he had no way to pay for the excessive tuition costs.

He thought that he’d save every penny, so his own kids would go to college worry-free. Sadly, that never ended up happening due to the fact that he had no children of his own.

That’s when Shroeder’s lawyer told the old man about a possible solution.

The lawyer explained that if the cash were to go into a scholarship fund, then the government couldn’t touch it. Instead, the cash would be given to young people who wanted desperately to go to college but who couldn’t afford it.

Shroeder loved this idea. He may not have his own children to send to college, but those in his community could get the opportunity he had never had.

Sadly, Shroeder died in 2005.

Shortly after he died, his scholarship fund became active. To date, 33 students from his home town have attended college thanks to his generosity.

One example of a young person who has benefited from Shroeder’s funding is Kira Conrad. She grew up in a single-parent home and had three older sisters.

Her grades were good, and she wanted to become a therapist. But the extreme cost of tuition meant that this career was unattainable.

But someone in charge of Shroeder’s fund called Conrad up one day and explained that she would be going to college after all, thanks to the kindness of a man who had died years ago.

All that Schroeder’s fund asks of its scholars is that one day, when they are successful, they put some money aside to help other poor kids attend college.

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Source: KCCI