Lutheran Services given stock

SALISBURY, N.C. — Lutheran Services for the Aging received stock shares valued at $450,000 to be used for nursing homes.

Retired military officer Hugh Almond gave the nonprofit 8,000 shares of non-voting common stock in Lexcom, a telecommunications that serves Davidson County, and asked the group’s board of trustees to hold the stock for five years.

After five years, the board can either hold the stock or sell it and use the proceeds for its nursing homes.

It is the largest gift the group has received in its 42-year history.

Leave a Response

Your email address will not be published. All fields are required.