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Powerball lottery winners award $1 million in grants

Dec 5, 2011, 12:24 pm

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PowerballPowerball: Powerball lottery winners award $1 million in grantsRating:

STAMFORD, Conn. — Three Connecticut men who claimed a $254 million Powerball jackpot last week made good on their statement that they would be immediately donating a sizable amount to charity.

The trustees of the Putnam Avenue Family Trust has awarded their first $1 million in charitable grants to five veteran support organizations.

The Putnam Avenue Family Trust was set up after the winning Connecticut lottery ticket, worth $254 million, was bought.

The organizations were selected on their proven ability to work with veterans who are in need of emotional, physical or career support.

Trustees Greg Skidmore, Brandon Lacoff and Tim Davidson stated, "We cannot think of a more urgent priority than addressing the needs of those men and women who have defended our nation. Many of these veterans are faced with a myriad of real and immediate personal issues that range from trauma to foreclosures. These grant awards reflect the beginning of a process that allows us to leverage lottery winnings into materially helping our society."

Each of the five organizations selected will receive $200,000. The organizations include: The Bob Woodruff Foundation , Building Homes for Heroes , Services for the Under Served (S.U.S.), Operation First Response and the Intrepid Fallen Heroes Fund .

S.U.S. Chief Executive Officer Donna Colonna said, "We are stunned by the generosity and heartened by the fact that the Trust has heard our call to action. By helping the thousands of veterans who have returned from our nation's wars, and who are now need of assistance, we are keeping faith with those who have worn the uniform, defended our freedoms and suffered terribly from that experience. We are thankful to the Putnam Avenue Family Trust but more important, we are grateful that they are giving us the financial tools to sustain our veterans support programs."

"We are extremely humbled and thankful - especially during this holiday season - to be considered by the Putnam Avenue Family Trust for this kind of generosity," said David Winters, President of the Intrepid Fallen Heroes Foundation. "As our troops return home from Iraq this month, we are ramping up our efforts to serve the needs of those suffering from Traumatic Brain Injury and Post Traumatic Stress, the signature injuries of the conflicts in Afghanistan and Iraq. This donation will greatly help our efforts to construct satellite centers that will help diagnose and treat those conditions, working in conjunction with the National Intrepid Center of Excellence (NICoE) in Bethesda, which we opened last year."

"The Bob Woodruff Foundation is grateful to be the recipient of such a generous donation from the Putnam Family Trust demonstrating their commitment to the men and women who have volunteered to serve our country. This donation will allow our Foundation to support injured service members and those who care for them in the areas of employment, education and other meaningful activities to help them reintegrate after they transition home from the battlefield," offered Bob Woodruff, journalist, ABC News and Co-Founder of the Bob Woodruff Foundation.

President of Operation First Response, Peggy Baker, said, "Our organization has the honor of serving our nation's Wounded Heroes and their families on a daily basis. To the families we serve, this generous donation will be making a significant difference in their lives. The staff and board members of Operation First Response consider this a Christmas miracle and wish to express our deepest gratitude to the Trustees of Putnam Avenue Family Trust."

"Building Homes for Heroes couldn't be more ecstatic about this incredible act of patriotism and generosity. This tremendous donation will help our organization build a minimum of four homes for severely wounded American heroes in the coming year. By helping the brave men and women realize the American dream of home ownership, The Putnam Avenue Family Trust is making a significant difference in the lives of some very special families. On behalf of those who return home severely injured, we thank The Putnam Avenue Family Trust from the bottom of our hearts, explained Andy Pujol, the group's Founder and President.

Restating their early comments this week, the Trustees explained, "We are leveraging our professional experience and our collective success in money management to ensure these lottery dollars go far further than their face value. If we are successful, we believe the creation of this Trust, and its legacy, will serve as a national model for others who have been equally fortunate in winning sweepstakes and now seek to use those dollars to touch the lives of others."

WTNH

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39 comments. Last comment 9 years ago by Dreamscript.
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hearsetrax's avatar - alien on_computer.jpg

United States
Member #52343
May 21, 2007
3355 Posts
Offline

Lurking


    United States
    Member #68711
    December 28, 2008
    301 Posts
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    That very good no matter what the outcome will be, congrat once again to the trios.BananaPatriotMen of their words and that 's the best kind honorable.

      THRIFTY's avatar - great seal_obverse.jpg
      100
      NEW YORK
      United States
      Member #90531
      April 29, 2010
      12558 Posts
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      Lurking

      $1 million to three organizations that support veterans is not enough money.$3 millions would have been better.If I win a sum like they did I would donate more than a $1 million. I wonder if they did it as a tax deduction strategy, if it was then it was not a real donation to veterans.when I win I will donate to veterans but not as a tax deduction.

        Nino224's avatar - Lottery-013.jpg
        Miami, FLA
        United States
        Member #62791
        July 9, 2008
        686 Posts
        Offline

        I love it!

        "...a chance to push everything aside, the circumstances that've controlled our lives, and do it our way now. Good, bad or otherwise. You'll maybe get lost in it, tied up in it a little bit, but if you work your way through that the real you shows up, I think. Maybe what's at your core deep down, maybe that comes out. Maybe that's what it's about." Mike Pace 

          Nino224's avatar - Lottery-013.jpg
          Miami, FLA
          United States
          Member #62791
          July 9, 2008
          686 Posts
          Offline

          $1 million to three organizations that support veterans is not enough money.$3 millions would have been better.If I win a sum like they did I would donate more than a $1 million. I wonder if they did it as a tax deduction strategy, if it was then it was not a real donation to veterans.when I win I will donate to veterans but not as a tax deduction.

          It's a scary, cynical world out there, and this is the sort of mentality jackpot winners face. Those guys have already had a taste of it, and my guess is it's only going to get worse if they don't isolate themselves immediately. That's why you never go public!

          "...a chance to push everything aside, the circumstances that've controlled our lives, and do it our way now. Good, bad or otherwise. You'll maybe get lost in it, tied up in it a little bit, but if you work your way through that the real you shows up, I think. Maybe what's at your core deep down, maybe that comes out. Maybe that's what it's about." Mike Pace 

            cbr$'s avatar - maren
            100
            Cordova,Al.
            United States
            Member #104478
            January 15, 2011
            11420 Posts
            Offline

            I Agree!I agree that this money couldn't have been better used then to help our service  men & women, the troops.    God bless the troops that put their life on hold & lives on the line for us to continue to enjoy the Freedom of Choice we have.

              Avatar
              Orlando, FL
              United States
              Member #115780
              August 28, 2011
              259 Posts
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              I have never heard of anyone who won the lotto, so quick to publicly donate money. They just added more fuel to their own controversy.

              But in the end, I did not win, so whateverCrazy

                stripesnsolids's avatar - box
                GA
                United States
                Member #97841
                September 25, 2010
                40 Posts
                Offline

                Mocking someone else's generosity doesn't look good on you.  Everyone has their own different level of generosity and it's their money to do what they please with it.


                  Canada
                  Member #68661
                  December 27, 2008
                  260 Posts
                  Offline

                  $1 million to three organizations that support veterans is not enough money.$3 millions would have been better.If I win a sum like they did I would donate more than a $1 million. I wonder if they did it as a tax deduction strategy, if it was then it was not a real donation to veterans.when I win I will donate to veterans but not as a tax deduction.

                  Wow! This has to be one of the worst comments of the year.

                    THRIFTY's avatar - great seal_obverse.jpg
                    100
                    NEW YORK
                    United States
                    Member #90531
                    April 29, 2010
                    12558 Posts
                    Offline

                    Wow! This has to be one of the worst comments of the year.

                    I had to apologize to Gred Skidmore for my comment.I also received a message with the Gred signature on it. You can see it at this thread https://www.lotterypost.com/thread/239754

                    But I still believe that $1 million is not enough money in these inflationary times.

                      Avatar

                      United States
                      Member #72892
                      March 30, 2009
                      27 Posts
                      Offline

                      giving away less than 1/2 of 1 percent does NOT represent a "sizeable amount" to me.  It's a media ploy ONLY...

                        Avatar
                        Keokuk,Iowa
                        United States
                        Member #116499
                        September 12, 2011
                        305 Posts
                        Offline

                        $1 million to three organizations that support veterans is not enough money.$3 millions would have been better.If I win a sum like they did I would donate more than a $1 million. I wonder if they did it as a tax deduction strategy, if it was then it was not a real donation to veterans.when I win I will donate to veterans but not as a tax deduction.

                        Personally,I think that any money donated is more than enough,seeing as they are doing it out of the goodness of their hearts.Thank god it isn't required (yet) to donate money to worthy causes.If they get a tax deduction for the donation,so what.At least they are getting something back for the MILLIONS OF DOLLARS that the government took from them in the form of taxes.

                          THRIFTY's avatar - great seal_obverse.jpg
                          100
                          NEW YORK
                          United States
                          Member #90531
                          April 29, 2010
                          12558 Posts
                          Offline

                          I have never heard of anyone who won the lotto, so quick to publicly donate money. They just added more fuel to their own controversy.

                          But in the end, I did not win, so whateverCrazy

                          Everything about these winners raise doubt. I do not blame you. I think warren buffet makes a $1 million every month with his investments.He donated most of his wealth to charities and gave nothing of it to his children.

                            THRIFTY's avatar - great seal_obverse.jpg
                            100
                            NEW YORK
                            United States
                            Member #90531
                            April 29, 2010
                            12558 Posts
                            Offline

                            giving away less than 1/2 of 1 percent does NOT represent a "sizeable amount" to me.  It's a media ploy ONLY...

                            Thank you very much.You are a very smart person.That is the way I see it.