Stories

Magic Yarn Project leader helps oversee donations of thousands of princess- and superhero-themed wigs and character beanies each year

When a 3-year-old girl with leukemia recently went to the hospital for her fourth chemotherapy treatment of the week, she was understandably not excited to be there. When she got to her hospital room, she was given a handmade yarn wig fashioned to make her look like Elsa, the princess from the Frozen movies.

“It changed the morning!” the girl’s mother wrote in a message to Shelly Allen, who sent the wig to the hospital. “She immediately put it on and started singing ‘Let it Go.’ Thank you for the cheer; your work is beautiful! This will be cherished and well-loved for the years of treatments ahead for her.”

Allen, who lives in Kings Mills, Ohio, and has worked for U.S. Bank for more than two decades, is a national leader in the Magic Yarn Project, an organization of volunteers who crochet yarn wigs for children with cancer. She gets messages like the one above on a regular basis.

“Those letters are kind of our payday,” Allen said. “You work at your regular job all week, sometimes you’re tired, and then you have to work on the Magic Yarn Project for the evening or weekend to get things done. Then you get one of those notes, and you’re ready to go again.”

Allen’s regular job is serving as senior portfolio manager in the mutual-fund lending division at U.S. Bank. She oversees a team that provides lending facilities to mutual funds that are custodied with U.S. Bank Global Fund Services.

Because mutual funds invest in various securities, which can take time to sell, the funds may secure short-term loans when cash is needed quickly, Allen said.

“If you or I owned shares in a mutual fund and wanted to redeem the shares to get cash, the fund could borrow money to pay us out,” she said.

Allen has been with the bank for 23 years and in her current position for more than 22 of them. Over the years, her department has experienced significant growth.

“The manager moved on six months after I started, and I took over the role,” Allen said. “They had just created the department when I joined. We had maybe three funds then, and now we have over 600.”

Allen got involved with the Magic Yarn Project in 2016 after seeing a post on Facebook from a woman in Alaska making wigs for children who’d lost their hair from cancer treatments.

“I liked that they made wigs like Disney princesses. We’re a Disney family and had gone to Disney World a lot in those years,” Allen said. “I also liked the creative part. When you work with numbers all day at the office, it’s fun to relax with a hobby when you get home.”

Allen traveled to Alaska to train with the founder, and her involvement with the Magic Yarn Project continued to grow. Allen now oversees hundreds of volunteers across most of the United States and Canada.