Posted by Cathy Gowdy on Friday, August 22, 2014 at 04:53:47 :
October 10, 1968
Charles Gruenhagen Estate
Value Set At $8,053,400
An estate valued at $8,053,400 was left by Charles T. Gruenhagen of Black Point, who died Sept. 27 in a local hospital after a long illness.
According to a petition for probate filed in Marin Superior Court yesterday, the former vice president of American Forest Products Corp. in San Francisco left real property worth $7,520,900.
His fortune will be shared equally by a daughter, Mrs. James H. Kelley of Williams, Colusa County, and two grandsons, James G. Kelley of San Francisco and Charles K. Kelley of Lakeview, Ore., according to a will filed with the court.
The 82-year-old businessman left most of his fortune in blue chip stocks and bonds, according to the petition.
Gruenhagen had lived at 89 Harbor Drive, Black Point for the past seven years and in Mill Valley for 40 years prior to that.
The Kenney C. Gruenhagen wing of Marin General Hospital was named after his wife, who died in 1964. She and her husband made an anonymous donation of $500,000 to the hospital in 1963. The identity of the donors was announced after her death.
In 1965 Mrs. Gruenhagen’s estate was appraised at $7,685,885, with her half of community property owned by her and her husband valued at $6,787,000.
She was the sister of San Francisco philanthropist Walter S. Johnson, who donated $2 million for reconstruction of the Palace of Fine Arts in that city.
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