$22-Million Gift Bequeathed to Town

Folks in the struggling community of Osgood, Ind., had special reason to be thankful on the last Thanksgiving of the millennium. Gilmore and Golda Reynolds, who amassed a fortune through shrewd stock market investments and lived modestly, have left the town $22 million to be administered by a foundation, the Cincinnati Post reported. Osgood, 42 miles west of Cincinnati, has faced economic adversity for years. Neil Cromer, attorney for Mrs. Reynolds, who died last year at age 98, told the newspaper that the foundation will finance a variety of town projects and could even be used in part to reduce taxes.