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re: If you won a $500,000,000 lottery, what would you do for your school?
Posted on 2/20/14 at 9:10 pm to pivey14
Posted on 2/20/14 at 9:10 pm to pivey14
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If you won a $500,000,000 lottery, what would you do for your school?
It would be a lump sum of $270 and you'd net about $180M after taxes. So I would invest it and grow it to $1.6B w/i 10 years. Then I would take $1.5B in 10 years and start a "private" endowment fund for the university capable of yearly donations of $100+M each year. I would create a BOD for the fund of people with good understandings of the school's needs and a personal commitment to the schools success and growth. We would develop a 30 year plan for those gifts and then execute on that plan.
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