DUBUQUE, Iowa (KCRG) - The Iowa Chapter of the Alzheimer's Association says a $700,000 gift from the Richard and Glenna Palmer Charitable Remainder Trust will help them reach their philanthropic and financial goals.
“Thanks to their hard work, meticulous planning and investment savvy, their dollars are making a difference for Iowa families affected by Alzheimer’s disease and dementia,” Alzheimer’s Association, Iowa Chapter Executive Director Doug Bickford said.
The gift started 15 years ago when the Palmers named the East Central Iowa Chapter of the Alzheimer's Association the beneficiary of their charitable trust. At the time the Palmers owned 12 drug stores in three states.
“Since the East Central and Greater Iowa Chapters merged on July 1, 2018, these dollars will be used for research, education and programs to provide hope for families across the state of Iowa,” said Executive Director Bickford.
The association says the couples' daughter, Kelly Hauer, has shown leadership by taking charge of the trust fund.