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I won the lottery, again!

LJ needs a better search function, because I remember posting how I won $3 from the lotto texas, by getting 3 out of 6 numbers right.
Well, today I found out I got 4 out of 6 numbers right, which gives me $52.

So actually I'm ahead in the lottery game :) I occasionally buy a ticket when I fill up on gas, though not always. And some other times too.
5 out of 6 pays out in the thousands, and 6 out of 6 in the millions. When I do win millions of dollars, I'll probably keep it private ;-) If I suddenly have a nice expensive car and buy a house in Hyde Park, you may start suspecting.

Super logical Andy makes fun of me for buying lottery tickets, but for a dollar I can dream about what I could do if I had the money. A housing co-op in Hyde Park that has weekly housecleaning, a new car, my whimsy foundation -- one that exists to give people money to do whimsical things... like make-a-wish but not necessarily for people who are dying.

And so far I'm ahead, and someone's gotta win, and I've been winning ;-) and I'll win!

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Comments

angelinger
May. 28th, 2009 04:08 pm (UTC)
it's an incredible idea. like micro-loans to enhance the awesome in the world, with returns going to fund even more awesome. i love it.

some other immediate thoughts:

what if the foundation didn't ask for interest w/ repayment in return but rather a pay it forward system? get a grant from the whimsy foundation - build amazing art, do something you've always wanted to, etc and pay it forward by sharing that joy with another person? or sharing a skill?

could this be a legit 501(c)3 that could accept outsider donations?

ripresa
May. 28th, 2009 04:58 pm (UTC)
Actually, it would be free, no strings attach cash awards. Maybe an essay or pics afterwards to put in the webpage.

What I meant for interest is that for the foundation to be self-sustaining, we can only give money made from the interest. Let's say we raise $10,000 and put it in an investment, if it returns 5% a year, that means the foundation has $500 a year to give away, forever. I think that's how foundations work, so they last in perpetuity. If we raise $100,000 then we would have $5000 a year to give away. I know it sounds like a lot of money to raise, but I think it's actually possible to do over a span of a few years.

But yeah, definitely a non-profit. We would have to have fund-raisers and stuff.
angelinger
May. 28th, 2009 05:03 pm (UTC)
ah, yes, i like that idea even better! we should talk about this some more when my brain has had time to recover from flipside. :)
dnivie
May. 29th, 2009 06:33 am (UTC)
Foundation
Right.

To make a foundation "eternal" you need to spend no more than the interest accrued, minus inflation.

For a foundation whose money just sit passively in one (or a few geographically diverse if it's large) index-fonds, this tends to mean they can give out 4-5% of their capital every year, forever.

Your whimsical foundation sounds like fun, if you decide to do it, give us a hint, may want to toss in a little.

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I like pretty things
ripresa
ripresa

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