So, as the #MegaMillions jackpot reaches a record $1.6B and #Powerball reaches $620M, here's my advice about how to spend the money in a way that will truly set you, your children and their kids up for life.
Ready?
Create a private foundation and give it all away. 1/
1. Win the prize.
2. Announce that you are donating it to the YOUR NAME HERE Family Foundation.
3. Receive massive plaudits in the press. You will be a folk hero for this decision.
4. Appoint only trusted friends/family to board. 5/
6. Get your kids/grandkids on your board eventually.
Voila! You have created an institution that will provide your family with comfortable salaries and massive social privilege -- indefinitely! 6/
Don't go crazy -- you don't want to attract IRS/AG attention. Benchmark to peers but honestly you can pay yourself and your staff a lot. 9/
A few parenthetical thoughts:
1. I think the vast majority of family foundations out there are doing great work, finding and funding and sustaining the charitable enterprises that are a major part of our national and local economies. Sincere applause!
More from Society
Imagine if Christians actually had to live according to their Bibles.
Imagine if Christians actually sacrificed themselves for the good of those they considered their enemies, with no thought of any recompense or reward, but only to honor the essential humanity of all people.
Imagine if Christians sold all their possessions and gave it to the poor.
Imagine if they relentlessly stood up for the widow, the orphan, and the foreigner.
Imagine if they worshipped a God whose response to political power was to reject it.
Or cancelled all debt owed them?
Imagine if the primary orientation of Christians was what others needed, not what they deserved.
Imagine Christians with no interest in protecting what they had.
Imagine Christians who made room for other beliefs, and honored the truths they found there.
Imagine Christians who saved their forgiveness and mercy for others, rather than saving it for themselves.
Whose empathy went first to the abused, not the abuser.
Who didn't see tax as theft; who didn't need to control distribution of public good to the deserving.
"If they start canceling these American presidents, they're gonna come after Bible characters next. Mark my words" -- Fox News "news side" host Bill Hemmer pic.twitter.com/qTPV0NERv8
— Aaron Rupar (@atrupar) February 19, 2021
Imagine if Christians actually sacrificed themselves for the good of those they considered their enemies, with no thought of any recompense or reward, but only to honor the essential humanity of all people.
Imagine if Christians sold all their possessions and gave it to the poor.
Imagine if they relentlessly stood up for the widow, the orphan, and the foreigner.
Imagine if they worshipped a God whose response to political power was to reject it.
Or cancelled all debt owed them?
Imagine if the primary orientation of Christians was what others needed, not what they deserved.
Imagine Christians with no interest in protecting what they had.
Imagine Christians who made room for other beliefs, and honored the truths they found there.
Imagine Christians who saved their forgiveness and mercy for others, rather than saving it for themselves.
Whose empathy went first to the abused, not the abuser.
Who didn't see tax as theft; who didn't need to control distribution of public good to the deserving.