Schroeder passed away in 2005.
No one really knew that Dale, a humble carpenter, had amassed $3 million in savings. No one expected anything but he saved all this money just so he could give others a better future.
Dale never got to attend college since he grew up in a poor family.He never got married nor does he have children.In 2005, just before Dale passed away, he approached his friend and lawyer, Steve Nielsen, to discuss his life savings and what was to become of the money.