Secret Millionaire Pays for 33 Strangers to go to College

Dale Schroeder was a simple man. The frugal Iowa carpenter worked hard, carried a sack lunch, and put as much of his paycheck in the bank as he could.

When Schroeder died in 2005, he left behind a rusty truck, two pair of jeans, and 3 million dollars. The money came with instructions for use. It was to go to hometown youth, and only be used to send them to college.

Schroeder’s gift has enabled 33 Iowans to graduate from college.

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We provide rental housing for over 1,200 people, and our staff believes that housing is the most fundamental of needs. Almost all of our staff lives in our communities, and each morning we are there as residents embark on their day. We expect our residents to pass on to others the good service, good deeds, and acts of kindness we provide every day. Our staff works hard to inspire our residents so that they can inspire others. Like a pebble dropped into a pond, the staff’s deeds spread across our properties, to our neighbors, down our blocks, and into the entire region.