N.H. supermarket donates lottery commission to charity

Comment #18

basil19 — Tue, 06 Sep 2016 17:40:01 GMT

Give and share what you already have wisely.If we all work in a circle of adults holding hands together all needs would be met . The love of money is the root of all evil because we don't share and give , but if we did no one would do evil to get it. There's nothing wrong with desiring to become rich its the way to become rich that can be evil. You can make a difference.

Comment #17

KY Floyd — Mon, 05 Sep 2016 05:12:13 GMT

Chain stores donating special commissions for selling big winners is fairly common. There's a regional chain in my area that has done it several times. Usually they choose charitable causes in the area of the store that sold the winning ticket.

The tax benefit they get is that they just have $100k less taxable income than they would have if they kept the money. Since they don't pay 100% tax that means they end up with less net profit than if they had kept the money, but the same net profit as... [ More ]

Comment #16

American Indian — Sun, 04 Sep 2016 12:37:43 GMT

YIKES! Where does 1 begin? How about READ the STORY! They Donated the money to Local food Banks to FEED the HUNGRY.

I can't believe the Store was only paid $75,000. for selling a winning ticket of almost a 1/2 BILLION Dollars, Guess every State is Different?

How do any of you know that the Employees don't already receive a Christmas Bonus, Party where they receive money, or Gifts they can return for the money, maybe even a gift card for the store they work in to purchase food?

Maybe the... [ More ]

Comment #15

ressuccess — Sat, 03 Sep 2016 18:32:23 GMT

I wonder what was the donation was for

Comment #14

music* — Fri, 02 Sep 2016 23:40:30 GMT

Allow the invisible hand of capitalism to work. Review the story of a pencil and how it is made.

Comment #13

rcbbuckeye — Fri, 02 Sep 2016 23:36:19 GMT

I know it's fashionable to bash business these days, but you know.... if a business isn't making a profit, it ain't gonna stay in business, and people won't be working. While some folks like to call it greed, the bottom line is profit is not a dirty word. Who is anyone to say how much profit a business should make? If someone says x dollars is enough, then it's really not free enterprise, is it

Comment #12

mypiemaster — Fri, 02 Sep 2016 23:27:36 GMT

I sincerely hope all businesses have been giving to charities without the benefit of having to win the lottery bonus to do so. If they need the publicity that bad, they should have done it 50/50{half to charity and half to the employees, taxes notwithstanding}. There is no way I'm gonna ignore the employees with this sort of once in a blue moon windfall. EMPLOYEES ARE GETTING SCREWED ENOUGH ALREADY.

Comment #11

TheGameGrl — Fri, 02 Sep 2016 19:26:02 GMT

Gifting to employees... More taxing .

I am not going to say it's not a viable and goodwill gesture.

I simply see them choosing to come off as community generous... With the underlying real goal... Tax write off.

They are a business.. Capitalist. Their goal is to remain profit oriented.

Comment #10

Ron5995 — Fri, 02 Sep 2016 10:58:12 GMT

Exactly my first thoughts. They'll help everyone except their own employees, many of which likely receive public assistance and/or are working multiple jobs to make ends meet. Of course, as many would say, business is business. Donating it to charity, as you point out, will likely generate the most bang for the buck; tax write-off, building goodwill, and media coverage. On the bright side, the supermarket didn't just pocket the funds, as many other businesses in a similar situation, would.... [ More ]

Comment #9

helpmewin — Fri, 02 Sep 2016 05:35:28 GMT

Comment #8

sully16 — Fri, 02 Sep 2016 03:36:01 GMT

Great story . Hope we get more of these.

Comment #7

LottoAce — Thu, 01 Sep 2016 20:02:24 GMT

Thats really nice to see a buisiness support its local community. we used to do that sort of thing down south.

I wonder if the winner will donate anything to the community, or will he/she just move out?...

Comment #6

quicksloth35 — Thu, 01 Sep 2016 17:58:29 GMT

Awesome. All the best to this store and the charities to which they contribute.

Comment #5

TheMeatman2005 — Thu, 01 Sep 2016 16:45:53 GMT

They may have some loss-leaders , but in general, they make a good profit on most of the items they sell.

I am in the food business and purchased a 1 pound package of smoked salmon (lox) at a restaurant supply warehouse for $14.99 and saw the same exact product in the supermarket for $19.95.

Maybe they paid the same as the restaurant supply warehouse, but to sell it for $5 more? That's a big difference in price

Comment #4

TheMeatman2005 — Thu, 01 Sep 2016 16:36:41 GMT

It is good that they are putting their commission money to such good use.

For one, it's a tax write-off and two, it's a great advertisement for the store. Imagine all the media coverage the store will get and the extra business it will make. The store will make double the $100,000 in additional profits.

Comment #3

music* — Thu, 01 Sep 2016 16:36:14 GMT

Christmas presents for the hungry in New Hampshire in September!

Super Markets in general, operate on a narrow profit margin.

Comment #2

mypiemaster — Thu, 01 Sep 2016 14:39:26 GMT

That money should have been better spread around as a Xmas bonus for all employees.

Comment #1

Bleudog101 — Thu, 01 Sep 2016 13:15:10 GMT

Good for them; corporate greed grocery chains what have you would have kept the money for themselves and more likely than not the cashier would not see a penny of this. The charities no doubt are well deserving.

N.H. supermarket donates lottery commission to charity

Lottery Post — Thu, 01 Sep 2016 12:48:29 GMT

A New Hampshire grocery store that sold a mammoth winning Powerball ticket announced Tuesday that it is donating its commission to local charities that work with children or hunger.

A ticket that won a jackpot of $487 million was sold at the Hannaford Supermarket in Raymond, N.H., in late July, Hannaford said in a statement. A month later, the winner of New Hampshire's all time largest Powerball jackpot has yet to claim the prize.

The supermarket was due a $75,000 commission because of the... [ More ]