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Old 12-17-2013, 09:39 AM   #1
sdifox
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Default Bravo to the man that won 40M and is giving it away

http://news.nationalpost.com/2013/12...ne-to-charity/


This man won the 40M jackpot and is planning to give it all to charity. Bravo, Tom Christ. I salute you.

CALGARY — A Calgary man who won $40 million says he will donate it all to charity.
Tom Crist was the winner of the Lotto Max jackpot on May 3.
“Cancer is a big one because my wife passed away from cancer, two years ago in February,” Crist said Monday.
“I just retired at the end of September so I was fortunate enough in my career to set myself up and my kids anyway, and there was no doubt in my mind where that money was going to go, it was going to go to charity.”

Crist told the Calgary Herald that he didn’t know which charities he planned to give to specifically except for Tom Baker Cancer Centre.
Crist’s wife, Jan, died of lung cancer in 2012.
“Tom Baker will be one of them because they treated her,” Crist told the Herald.
“Tom Baker’s dear to my heart, no question.”
Crist didn’t tell any of his four children that he won the $40-million until Monday and they will now help him with the charities.
“It’s just going to unfold next year, so we’ll decide as a family what we’re going to do and how we’re going to do it,” he told the Herald.
“The nice part is you can keep donating for years and years. It’ll be in my family trust … and we’ll just carry on.”
Crist plays both Lotto Max and Lotto 6/49 by subscription, meaning players can pay for their selections for up to a year at a time.
Subscribers’ numbers are checked for them by the Western Canada Lottery Corp. after each draw and they are automatically paid any prizes won.
In the case of any prize over $10,000, subscribers receive a telephone call first.

Crist says he never expected a call telling him he’d won the largest lotto prize ever in Calgary.
“I wasn’t even sure which game I’d won on, or what the numbers were,” he said after his prize was announced Monday. “I’ve paid for the subscription when I get the renewal notice every year, and then I just file it.
“Sometimes I’d get a cheque for $10 or $20, but I never expected this.”
Crist’s prize is also the largest won on a lottery subscription within the Prairie-North lotteries region.
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Last edited by sdifox; 12-17-2013 at 09:48 AM.
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Old 12-17-2013, 09:42 AM   #2
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Crist says he never expected a call telling him he’d won the largest lotto prize ever in Calgary. “I wasn’t even sure which game I’d won on, or what the numbers were,” he said after his prize was announced Monday. “I’ve paid for the subscription when I get the renewal notice every year, and then I just file it. Sometimes I’d get a cheque for $10 or $20, but I never expected this.”
So what... you buy a subscription to the lottery and then they roll numbers for you every game and let you know if you've won? What's the fun of that? I mean, other than the whole "winning 40 mil" thing. That sounds pretty fun.
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Old 12-17-2013, 09:42 AM   #3
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Good for him. But really, really stupid to pubically say he didn't know which charities to give to-he is going to be pestered by every wannabe charity from now till the end of time.
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Old 12-17-2013, 09:46 AM   #4
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Not expecting a call about big winnings... Everyone does that.
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Old 12-17-2013, 09:47 AM   #5
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So what... you buy a subscription to the lottery and then they roll numbers for you every game and let you know if you've won? What's the fun of that? I mean, other than the whole "winning 40 mil" thing. That sounds pretty fun.
It's fun for the lottery corp since it is a steady income stream.
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Old 12-17-2013, 09:48 AM   #6
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Good for him. But really, really stupid to pubically say he didn't know which charities to give to-he is going to be pestered by every wannabe charity from now till the end of time.
People answer phone calls from strangers???
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Old 12-17-2013, 09:57 AM   #7
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I'm all for charitable donations...but damn, all 40M?
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Old 12-17-2013, 10:16 AM   #8
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I'm sure charity will take MOST of that money and small portion will go where he really wants it to go.

Charity = business
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Old 12-17-2013, 10:46 AM   #9
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Susan G. Komen® has a strike force on a pink UH-60 Black Hawk vectoring in now.

60% to administrative overhead.
30% to educating the public that boobies can get cancer. (AKA branding for profit deals)
10% at the most to helping women with cancer.
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Old 12-17-2013, 11:35 AM   #10
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If was well off, why play the lotto at all? Especially in subscription mode.
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Old 12-17-2013, 11:39 AM   #11
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what they fail to tell you is he is already independently wealthy, right?
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Old 12-17-2013, 11:41 AM   #12
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Susan G. Komen® has a strike force on a pink UH-60 Black Hawk vectoring in now.

60% to administrative overhead.
30% to educating the public that boobies can get cancer. (AKA branding for profit deals)
10% at the most to helping women with cancer.
Hey, sounds like Wounded Warrior Project!

Most charities go that way, real quick. They start out as what we think of them, then they balloon in size, and everything changes.
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Old 12-17-2013, 12:37 PM   #13
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I'm all for charitable donations...but damn, all 40M?
After taxes, he might get 20M..
Highly doubt he's donating all. I'm sure his kids want some share..

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Old 12-17-2013, 12:47 PM   #14
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After taxes, he might get 20M..
Highly doubt he's donating all. I'm sure his kids want some share..

In Canada he gets 40M, that is the post tax amount. Basically all lottery winnings in Canada is the amount advertised, in lump sum. None of the annuity bullshit.
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Old 12-17-2013, 12:51 PM   #15
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If was well off, why play the lotto at all? Especially in subscription mode.
B/c even when you're well off, you still want more.
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Old 12-17-2013, 12:56 PM   #16
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In Canada he gets 40M, that is the post tax amount.
Canada = smart

Why in the world would they tax you on money you are getting from government anyways is beyond me.
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Old 12-17-2013, 01:00 PM   #17
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In Canada he gets 40M, that is the post tax amount. Basically all lottery winnings in Canada is the amount advertised, in lump sum. None of the annuity bullshit.
OK,
Canada :1 USA:0
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Old 12-17-2013, 01:12 PM   #18
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wow at least save some fun money for the kiddos.
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Old 12-17-2013, 01:28 PM   #19
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Good for him. But really, really stupid to pubically say he didn't know which charities to give to-he is going to be pestered by every wannabe charity from now till the end of time.
Unpublished number going forward...profit. Or a simple 'do not call list'.

He definitely has to be careful though.
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Old 12-17-2013, 02:10 PM   #20
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wow at least save some fun money for the kiddos.
Quote:
“I just retired at the end of September so I was fortunate enough in my career to set myself up and my kids anyway, and there was no doubt in my mind where that money was going to go, it was going to go to charity.”
Looks like they'll be OK.
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Old 12-17-2013, 02:16 PM   #21
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Originally Posted by Papagayo View Post
After taxes, he might get 20M..
Highly doubt he's donating all. I'm sure his kids want some share..

Quote:
Originally Posted by sdifox View Post
In Canada he gets 40M, that is the post tax amount. Basically all lottery winnings in Canada is the amount advertised, in lump sum. None of the annuity bullshit.
Actually, in the US, if he were donating it he should be able to deduct it from his taxes and thus get the whole amount.
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Old 12-17-2013, 02:16 PM   #22
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Thats awesome. I hope he will be giving to proper charities and not the ones where the CEOs all make 100k+ though. May be a large sum but still want it to be used efficiently.

Good for him though, that is a tough decision to make. It would be very tempting to just keep it all.
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Old 12-17-2013, 02:27 PM   #23
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Originally Posted by Papagayo View Post
After taxes, he might get 20M..
Highly doubt he's donating all. I'm sure his kids want some share..

I would personally suggest you stop being mad and look into this first.

You are very wrong except perhaps his kids would love it.
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Old 12-17-2013, 04:26 PM   #24
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Originally Posted by Vdubchaos View Post
I'm sure charity will take MOST of that money and small portion will go where he really wants it to go.

Charity = business
Quote:
Originally Posted by Gunbuster View Post
Susan G. Komen® has a strike force on a pink UH-60 Black Hawk vectoring in now.

60% to administrative overhead.
30% to educating the public that boobies can get cancer. (AKA branding for profit deals)
10% at the most to helping women with cancer.
Ya, this is all I could think of. Great intent by the guy who won, but...

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Old 12-17-2013, 04:33 PM   #25
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I'm glad he chose to do this. A lot of charity CEOs are finding it hard to keep the heating on in their second and third homes let alone splash out of necessities like expensive jewelery for the secretaries they are trying to bone.
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