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Canadian lottery winner donates $40 million jackpot to charity

Topic closed. 54 replies. Last post 3 years ago by jamella724.

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TO, ON
Canada
Member #150436
December 22, 2013
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Posted: December 23, 2013, 12:40 pm - IP Logged

1. Just my opinion. Didn't mean to offend anyone. 

 

2. Giving it away = write a one time big fat $40M check. Period. Not trusts throught kids, blablabla.

 

3. Wake up peeps.

 

4. Merry Christmas.

 

5. Ho. Ho. Ho.

    Jon D's avatar - calotterylogo
    Los Angeles, California
    United States
    Member #103813
    January 5, 2011
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    Posted: December 23, 2013, 5:47 pm - IP Logged

    1. Just my opinion. Didn't mean to offend anyone. 

     

    2. Giving it away = write a one time big fat $40M check. Period. Not trusts throught kids, blablabla.

     

    3. Wake up peeps.

     

    4. Merry Christmas.

     

    5. Ho. Ho. Ho.

    I think you really need to reexamine your basic argument, that Tom Crist is some kind of false philanthropist simply because he's not donating the way you think he should.

    Your suggestion that he write one check for $40M and give it to one organization is just not smart and not how the rich do it. You don't want to dump a whole lot of cash on an organization, more than they know what to do with. Then you will certainly have the real potential for waste and abuse.

    You give a smaller manageable portion at a time, and see how the results are. You spread the wealth around and give to many charities in many different areas of interest to you. You do it in the smartest way to minimize the tax burden and maximize the donation.

    Like I mentioned in an earlier post, look at people like Warren Buffet who are big philanthropists. Do you say he's a false philanthopist just because he doesn't write a check for the whole $70 Billion at one time for a single organization? No. He gives billions away, but spread over time, with a plan to give away it all. Problem is, he makes soo much money that he can't give it away fast enough. He made $12.7 Billion in 2013! A nice problem to have.

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      TO, ON
      Canada
      Member #150436
      December 22, 2013
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      Posted: December 24, 2013, 10:52 am - IP Logged

      I think you really need to reexamine your basic argument, that Tom Crist is some kind of false philanthropist simply because he's not donating the way you think he should.

      Your suggestion that he write one check for $40M and give it to one organization is just not smart and not how the rich do it. You don't want to dump a whole lot of cash on an organization, more than they know what to do with. Then you will certainly have the real potential for waste and abuse.

      You give a smaller manageable portion at a time, and see how the results are. You spread the wealth around and give to many charities in many different areas of interest to you. You do it in the smartest way to minimize the tax burden and maximize the donation.

      Like I mentioned in an earlier post, look at people like Warren Buffet who are big philanthropists. Do you say he's a false philanthopist just because he doesn't write a check for the whole $70 Billion at one time for a single organization? No. He gives billions away, but spread over time, with a plan to give away it all. Problem is, he makes soo much money that he can't give it away fast enough. He made $12.7 Billion in 2013! A nice problem to have.

      I still call is bs and I will say it again, just my opinion. The way I see it is that he made a big publicity stunt - he didn't need to tell anyone how much of the $40M he will give away, how it will be given and to which charity. Once he passes away, there is absolutely no garantee that his kids will continue giving the money away.  Personally, I hope the kids don't give it away - charities are overrated and corrupt. I tell you one thing, when I win, I keep it all. :)

        Jon D's avatar - calotterylogo
        Los Angeles, California
        United States
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        January 5, 2011
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        Posted: December 24, 2013, 11:15 am - IP Logged

        I still call is bs and I will say it again, just my opinion. The way I see it is that he made a big publicity stunt - he didn't need to tell anyone how much of the $40M he will give away, how it will be given and to which charity. Once he passes away, there is absolutely no garantee that his kids will continue giving the money away.  Personally, I hope the kids don't give it away - charities are overrated and corrupt. I tell you one thing, when I win, I keep it all. :)

        Publicity stunt??? Bang Head

        "...it took Crist more than six months to tell anybody..."

        "I just didn't want the media, the press, all that kind of stuff. So I just kept putting it off and putting it off, and putting it off."

        Finally at the behest of the Western Canada Lottery Corp., he agreed to go public and have his photo taken. The fine print on the lottery subscription he'd bought had demanded as much.

        The poor guy tried to duck and hide from publicity, but he was required to do it. He did it reluctantly with baseball cap and sunglasses.

        Oh, alright, I give up silverwater. I can't take it anymore.

        No Mas!

        And Merry X-Mas!

        Noel

          RedStang's avatar - tallman zps6gf4inoc.jpg
          NY
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          Posted: December 24, 2013, 4:54 pm - IP Logged

          I think it was required, he had to do it.

          That's why I said he should have gone all out, like full ZZ Top or Duck Dynasty disguise to really piss off the marketing guys!

          Good thing he did'nt get the DD disguise. The public would of stoned him to death.

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            NH
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            Posted: December 26, 2013, 5:48 pm - IP Logged

            So a man wears a hat and glasses because he doesn't want to be recoginized by the public, and then tells EVERYONE that he's giving it all to charity. Which will now bring endless amounts of attention to who the man is...Why tell the public anything about what you're going to do with your money? Donate it all away anon...

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              NH
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              Posted: December 26, 2013, 5:49 pm - IP Logged

              Good thing he did'nt get the DD disguise. The public would of stoned him to death.

              I'm guessing the opposite would happen if he wore a DD disguise...

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                NH
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                December 5, 2009
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                Posted: December 26, 2013, 5:52 pm - IP Logged

                Sorry but do people really believe he's going to give the whole $40M away? In a Canadian article, he said he put the money in trusts for his kids who are going to give it to charity. What garantees the kids will do so? I think it's a clever way to tell everyone "I gave it all away, don't ask me for anything".

                This is a good point...I however would be worried about certain charities suing me if I went public and told everyone I was giving it all away to a certain charity/s and then not follow through...

                  Jon D's avatar - calotterylogo
                  Los Angeles, California
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                  January 5, 2011
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                  Posted: December 26, 2013, 6:28 pm - IP Logged

                  So a man wears a hat and glasses because he doesn't want to be recoginized by the public, and then tells EVERYONE that he's giving it all to charity. Which will now bring endless amounts of attention to who the man is...Why tell the public anything about what you're going to do with your money? Donate it all away anon...

                  This is a classic case of: Darned if you do, darned if you don't

                  So, Tom knew that when he claimed, his name and picture would be published. It was required.

                  Question: do you grant a press interview? Or just duck out and not say anything?

                  C'mon, if he just ducked out and said nothing, the press would then be left to make up their own narrative:

                  "Multi-millionaire retired corporate executive wins $40M jackpot, ducks out with the money and says nothing, no gratitude, not a thanks, no mention of any charity or help for the community." And rich people haters would say, "What a greedy old man! Why do rich people even play the lottery anyway, it's not fair!"

                  So instead, he decides to grant an interview, and you still got people saying:

                  "He ain't giving it to charity, that's just BS. It's all fake. I bet his wife didn't even die of cancer!"

                  Darned if you do, darned if you don't

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                    Texas
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                    September 4, 2012
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                    Posted: January 19, 2014, 12:54 am - IP Logged

                    What a kind-hearted man. Maybe that's why God has chosen him to be the winner. All of us should be like him, you're truly an excellent role model Mr. Tom Crist.