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Over time, Trustmark Bank personnel noticed McCarty's accumulated savings and began to assist her in future estate planning as well as be unofficial guardians for her. (Bank employees and other friends convinced McCarty to purchase two small window air conditioners for her house and cable television
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With the assistance of a local attorney, for whom she had done laundry, and the bank's trust officer, using slips of paper and dimes, to represent 10% shares, McCarty set out the future distribution of her estate. She set aside one dime (10%) for her church, one dime (10%) each for three relatives,
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McCarty never owned a car; she walked everywhere she went, pushing a shopping cart nearly a mile to get groceries. She rode with friends to attend services at the
Friendship Baptist Church. She did not subscribe to any newspaper and considered the expense an extravagance. Similarly, although she
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The
University of Southern Mississippi Foundation honored the life and legacy of Oseola McCarty on Thursday, Oct. 8, 2020. In recognition of the 25th anniversary of McCarty’s unexpected planned gift to USM, a virtual celebration featured interviews with special guests and the unveiling of a
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In her sixth grade, her aunt (who had no children of her own) was hospitalized and later needed homecare, so McCarty quit school, never to return. She later became a washerwoman, like her grandmother, a trade that she continued until arthritis forced her to quit in 1994.
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owned a black-and white-television, she received only broadcast transmissions. In 1947, her uncle gave her the house in which she lived until her death. She also received some money from her aunt and mother when they died, which she placed into savings as well.
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through which at her death, a portion of her life's savings would be left to the university to provide scholarships for deserving students in need of financial assistance. The amount was estimated at $ 150,000, a surprising amount given her low-paid occupation.
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Even before dropping out of school, McCarty was taught to save money by her mother. She opened her first savings account at First
Mississippi National Bank, and over the years, she opened several other accounts at various area banks, including
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In 1998, she was awarded an honorary degree from USM, the first such degree awarded by the university. She received scores of awards and other honors recognizing her selfless spirit, and
President
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descent, who could not otherwise attend due to financial hardship. When news of McCarty's plan was made public, local leaders immediately funded an endowment in her honor.
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Ms. McCarty was also recognized with an
Essence Award and Patti LaBelle sang tribute to her during the ceremony at Madison Square Garden in New York.
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and the remaining dimes (60%) for
Southern Miss. She stipulated that the funds should be used for students, preferably those of
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McCarty's grandmother died in 1944, followed by her mother in 1964 and her aunt in 1967. McCarty never married or had children.
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In 1997, McCarty received the Award for
Greatest Public Service Benefiting the Disadvantaged, an award given out annually by
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190:, the nation’s second-highest civilian award, during a special White House Ceremony. She also won the United Nations'
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She signed an irrevocable trust, allowing the bank to manage her funds from which she received a regular check.
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for educational commitment. In June 1996, Harvard
University awarded McCarty an honorary doctorate alongside
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McCarty drew global attention after it was announced in July 1995 that she had established a
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88:(March 7, 1908 – September 26, 1999) was a local washerwoman in
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287:"All She Has, $ 150,000, Is Going to a University"
392:Deaths from liver cancer in the United States
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325:"National - Jefferson Awards Foundation"
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382:Presidential Citizens Medal recipients
94:The University of Southern Mississippi
407:20th-century American philanthropists
397:People from Wayne County, Mississippi
116:and moved to Hattiesburg as a child.
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372:People from Hattiesburg, Mississippi
16:American philanthropist (1908–1999)
412:20th-century women philanthropists
402:University of Southern Mississippi
266:"January 1970 - Southern Miss Now"
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377:Deaths from cancer in Mississippi
96:'s (USM) most famous benefactor.
367:Philanthropists from Mississippi
311:The Philanthropy Hall of Fame,
387:American women philanthropists
252:"Oseola McCarty (1908-1999) •"
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188:Presidential Citizens Medal
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90:Hattiesburg, Mississippi
73:Hattiesburg, Mississippi
141:Trustmark National Bank
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186:presented her with a
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254:. 28 September 2020.
114:Shubuta, Mississippi
112:McCarty was born in
56:Shubuta, Mississippi
331:on 24 November 2010
291:The New York Times
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126:McCarty died from
66:September 26, 1999
238:"McCarty, Oseola"
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200:Walter Annenberg
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70:(aged 91)
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333:. Retrieved
329:the original
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184:Bill Clinton
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128:liver cancer
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68:(1999-09-26)
362:1999 deaths
357:1908 births
335:30 November
297:30 November
271:30 November
220:sculpture.
92:who became
351:Categories
224:References
156:service.)
49:1908-03-07
171:Honoraria
134:Frugality
130:in 1999.
196:Maya Lin
108:Personal
101:trust
337:2016
299:2016
273:2016
202:and
151:Gift
75:, US
63:Died
58:, US
43:Born
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