Former Andersen president leaves $7.5 million to charities

Harold Meissner, former president of Andersen Corporation, who died in November of last year, has left nearly $7.5 million to the St. Croix Valley Foundation on behalf of three valley nonprofits.

According to the St. Croix Valley Foundation, Meissner had been known among his friends and family as a generous, but usually anonymous, donor to local causes. He wanted his favorite nonprofit organizations to benefit from endowment funds.

The three nonprofits benefitting are Courage Kenny Rehabilitation Institute in Stillwater; the Hudson YMCA; and Lakeview Hospital Hospice Program in Stillwater.

The St. Croix Valley Foundation will invest and manage the funds and will provide each organization grants from the funds each year.

The St. Croix Valley Foundation was established in 1996 by local individuals in the valley who saw the benefits that a community foundation could bring. It has approximately $60 million in assets under management. It serves the region through 10 local affiliated foundations in Hudson, River Falls, Prescott, Amery, New Richmond, Somerset and the Northwest Alliance in Wisconsin; and in the Lower St. Croix Valley, Stillwater and the Chisago Lakes in Minnesota.