An unexpected and significant endowment was received by the Walter E. Olson Memorial Library in Eagle River from a former area resort owner and Eagle River resident who recently passed away.
Library President Laurie Stoegbauer indicated they received a letter from the administrator of the Alice Koller estate indicating the library was named in her wil. “This was a surprise and we will use the funds according to instructions in her will,” Stoegbauer said, revealing the conditions how the $174,000 can be used.
According to the language in the will, the library “ . . .shall invest the funds in appropriate interest bearing investments for a period of ten years . . . with the interst used to purchase material for the library. After ten years the principle and interest shall be available for any Olson Library purpose.”
Alice Koller inherited land from her uncle Philip Koller in 1943 that would become the Kettle Hole Resort on Found Lake in St. Germain. She had a large display of begonias when she moved to Cherry Street in Eagle River.
She passed away last November at Maple Ridge Care Center in Green Bay at age 97.
