Philanthropist Or Not?

[securespark]

If you won a sizeable sum on the lottery, would you give any of it away to help the likes of homeless shelters or food banks, for example?

 

[Fred Blogs]

Absolutely not. I would see that my family are all okay and the rest would be mine to do with as I wish and that does not include giving any away to any charity.

 

[blup]

How much have you won?

Work out what the interest on capital invested will pay, and use that to help. Capital gifts to organisations have implications.

 

[diy_fun_uk]

For me it would depend on how much I won. Touching on Fred Blogs point, my priority would be ensuring myself and my family are well and truly sorted. And whether folk think this is materialistic or not I couldn't care, I would also do stuff like buy myself a decent pad in the country and nice cars etc.

Having said all that, if I won something like £100 million, yes I would want to do something for my local community. Tbh not entirely sure what, however I wouldn't just give a large wedge to an established charity where the CEO earns £200k pa, I'd want to see real and local results for my financial input.

 

[Brigadier]

For me it would depend on how much I won. Touching on Fred Blogs point, my priority would be ensuring myself and my family are well and truly sorted. And whether folk think this is materialistic or not I couldn't care, I would also do stuff like buy myself a decent pad in the country and nice cars etc.

Having said all that, if I won something like £100 million, yes I would want to do something for my local community. Tbh not entirely sure what, however I wouldn't just give a large wedge to an established charity where the CEO earns £200k pa, I'd want to see real and local results for my financial input.

Same.

Look after my kids first.

Somewhere modest, but in a quieter village near where I currently am.

Same, but abroad; Dordogne.

After that, I'd just play Brewster's Millions in the local community.

 

[Mottie]

Whenever Mrs Mottie and I see a story on the news about some unfortunate person such as someone that is in terrible pain and has to wait for a hip operation or a child that needs life changing surgery abroad or even someone that has done something really good for their community or another person, she always says wouldn’t it be nice if we had a lottery win and could treat them. That’s what we'd do.

 

[kingandy2nd]

I'd pay off the mortgages of everyone I knew/liked.

Then I'd just buy cars for myself.

 

[Mottie]

I'd pay off the mortgages of everyone I knew/liked.

Then I'd just buy cars for myself.

You’re doing part 2 already!

 

[ReganAndCarter]

If you won a sizeable sum on the lottery, would you give any of it away to help the likes of homeless shelters or food banks, for example?

No way. Lots of these types of organisations, eg food banks, are helping to fuel the migrant crisis by feeding them. Couldn't guarantee my money wasn't going somewhere I don't want it to. When an elderly relative left me most of her farm just outside Bristol few years ago, I made sure small animal (mainly cat/dog rescue and rehoming) and ex-services charities shared some of my luck. Only went to small charities, not big ones with CEOs on huge salaries.

 

[ellal]

Whenever Mrs Mottie and I see a story on the news about some unfortunate person such as someone that is in terrible pain and has to wait for a hip operation or a child that needs life changing surgery abroad or even someone that has done something really good for their community or another person, she always says wouldn’t it be nice if we had a lottery win and could treat them. That’s what we'd do.

Interestingly we think the same...

But we temper that thought with the fact that it ought to be the system that we pay for that treats them, rather than people having to rely on charity...

Charity by default means helping those in need whilst the corporates and rich individuals make a killing...

Aided by politicians of all colours!

 

[blup]

No way. Lots of these types of organisations, eg food banks, are helping to fuel the migrant crisis by feeding them. Couldn't guarantee my money wasn't going somewhere I don't want it to. When an elderly relative left me most of her farm just outside Bristol few years ago, I made sure small animal (mainly cat/dog rescue and rehoming) and ex-services charities shared some of my luck. Only went to small charities, not big ones with CEOs on huge salaries.

There are consequences for giving large sums of money to charities which might fail when the money dried up. I would want to help local housing/homeless charities but am very conscious they are part funded by council might well withdraw that funding by the same amount. So it’s plan b, buy the dream cars

 

[JonathanM]

When I used to think about this many years ago, I had this idea that I would build really good quality rental housing for key workers in my area and charge a low rent.

 

[diy_fun_uk]

I'd pay off the mortgages of everyone I knew/liked.

Then I'd just buy cars for myself.

Yeah I'd love to do this. As long as folk didn't think you were treating them as a charity case, paying off peoples mortgages could make the world of difference to them.

Slightly OT but I recall a pro footballer saying how great it felt to clear his mums mortgage when he received his first premier league paycheque. She had worked two jobs, ferried him to/from training and games etc. He went on to say it also felt a bit surreal i.e. they'd spent all those years struggling financially and then in one go, mortgage paid off.

Must be great.

 

[Murdochcat]

If you won a sizeable sum on the lottery, would you give any of it away to help the likes of homeless shelters or food banks, for example?

Give us an example of what you think is sizeable

 

[diy_fun_uk]

Give us an example of what you think is sizeable

It's all relative. To some, the thought of winning £100k is mind blowing. To others a million. And so on. The amount you could give 'to charity' or good causes would then obviously be directly linked.

For me (even though you didn't directly ask me ) I suppose anything £5 million and over I'd consider sizeable. And pleeeeeeease, no stupid comeback from the usual suspects, can't be bothered with all that sh1te.