Let Me Ask You A Question – 7/12/17

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Let me ask you a question…

If you were to hit the lottery how much of your money would you give to charity?  (be completely honest! lol)    

73 thoughts on “Let Me Ask You A Question – 7/12/17

  1. I have no idea, but it would be a significant amount. But it would be on a situational and as needed basis. Ever seen Brewster’s Millions? I’d be a little more discretionary than that. First and foremost, I’d help those closest to me.

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  2. No clue, but I have a soft spot for animals. Back when I earned a living wage I used to give to the humane society, so I would definitely pick that practice back up should I have such extra cash. Likely other charities too, animals, children (especially special needs, my baby sister has Downs & I can understand some of the hardships associated with being a below the poverty line caregiver) & who knows. Other than that, my family struggles with financial hardship & my mother’s house needs a lot of work, that would be my first priority.

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  3. I’ve actually thought about it. I would set aside 25% – 40% contingent upon how much it was. the higher the pot the more I’d give. you only really need just so much to live nice. the rest is just extra icing on the cake. living too extravagantly draws unwanted attention from the wrong crowd.

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  4. It depends on how much, but I would keep £300,000 to £500,000 simply to give me a decent retirement the rest I would give to my family and then charity. More than likely an Arts charity working in depressed areas. But I don’t do the Lottery so it won’t happen 😜

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      • It is. I volunteer with the National MS Society as a public speaker. I have traveled around quite a bit speaking to corporations, colleges, support groups, etc. to raise awareness for the Society and ways people with MS can help themselves. Do you have any particular cause you give your time?

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      • Not at the moment, until I started teaching I used to do Saturday mornings at Enham which is a centre for people with cerebral palsy. It was a great experience and actually a lot of fun. Arts &Crafts, games and twice a year we put a show on. I’ll go back to it one day when College, OFSTED and the government finish tormenting me 😏

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      • One of the things I believe people who do not volunteer rob themselves of is joy. If you want more joy in your life, you must practice things that bring joy.

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      • If I earned the money myself probably very little if I needed the money myself. If I didn’t needed the money I would probably manage the sum myself and take the opportunity to work with saving nature projects. If I didn’t earned the money myself and it come raining down on me I would give it all away. Then it’s not my money.

        When I once found papermoney on the street, not much but more than a coin I turned the money in to the police if someone should ask them if someone found the lost money. No one did so I got them back. I gave them to SAR organisation in Sweden. The money was not mine so I thought they belonged to a helping organisation.

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      • I plan to give lots of my extra money away. I cannot take it with me. One of the things I am going to do is locate a high school kid who cannot afford college and pay for his/her entire college. This is my ultimate charity goal. I want to give it all away to help people who are truly in need.

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      • You’re doing the right thing! Education is so important and every one should have the opportunity to get education. I don’t have lots of money, but I give away stuff that I don’t need and I try to help out where I can in other ways.

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  5. I cannot really give specifics because I have not given that situation much thought. Of course, the actual numbers will greatly influence the budget. I can easily think of a few local charities that would get a good sized check. It the winnings was large enough, I might consider creating one for special needs kids.

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      • Saying that I don’t play the lottery, I don’t expect to ever be in that position. I’m happy to have a plan for a plan should it happen. I figure that I wouldn’t need to act on it quickly if it does happen. 🙂

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      • I don’t believe we have. Most of my charity work is sporadic and I need to reevaluate because one that we’ve worked with in the past ran out of funding. Most of what I would give in this scenario would be going towards kids with special needs.

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  6. After giving my kids what they need to pay off their enormous student loans, put some in $ in a trust for them and put aside money so my husband and I had no financial worries, I would give a significant amount to a few separate charities and reassess each year. BUT, first I would actually have to buy a lottery ticket (which I have never done) 😊

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  7. We have actually talked about this before. My brother is a Trust and Estate attorney.
    As they say Charity begins at home, so we would help the people we know first and then move on to more concrete funding Mental Health and support causes close to us and our loved ones. In this country as well as others.

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  8. I don’t know. The amount would make some difference, and if it was really big there would be the cost of buying back my privacy and keeping the scammers at bay. Whatever the case, I would have to choose the recipients of donations carefully.

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      • OK, let’s assume that $100,000,000 is the amount after all that other (and, taxes). I still don’t know. I would probably want to assess organizations, causes, and projects one at a time to decide what to give. So, maybe somewhere between 10% and 50% eventually, including final bequests.

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      • I figure I would give the majority away. How much does one really need in the bank to never worry about money again? Let me ask you this, do you think hoarding money is greed? For instance, if someone could live forever on $10 million but they have $100 mil just sitting doing nothing, is that greed?

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      • Good question. For instance, I don’t actually know what to do with that much money. Where do I put it, even just while I decide about donations or projects? Do I invest it so as to have even more to leave to worthy causes in my will? Create a foundation or trust to manage it after I’m gone? The fact is that my personal tastes are not luxury oriented, so its hard to imagine spending it on myself, even if I were 20, 30, or 40 years younger. There’s a truth about money. It’s like water in that it only does work (economically speaking) when it is moving, not when it is sitting still. The question, then, is how to get it moving to do good, and who defines “good”.

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  9. I would definitely tithe to my church at least 10%. Then I would set up a foundation where I could continue the fun things that I’m passionate about. Like children, low income families, feeding programs, and youth sports. I’ve also thought about being a small foundation under a larger foundation such as United way or community foundations. I also like the idea of paying off my children’s student loans!

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  10. I rarely trust charities. I would do charitable things on my own instead of certain organizations. They don’t handle donations the way that I think they should. In percentage I would set aside 20% after paying off all of my mom’s bills, fix up her house and sending her on a huge vacation. Then I’ll concentrate on myself and my plans.

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  11. I’d put a different spin on this. I would take care of immediate family by paying off everyone’s debts. Then I would go into guerilla charity mode. I would leave ridiculous tips for people in need, show up at a school and buy whatever they need, send someone on a much-needed vacation, etc. I’m leery of so many organized charities that seem to be fraught with corruption. I would be very choosy about funneling charitable money through third parties.

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  12. Yep. Depending on the amount, I would give 20% to my church in the form of scholarships for college. They gave me a scholarship when I went to college, so I believe that it is incumbent on me to pay it forward.

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