If I win Powerball, RU is getting a NEW S&C Center and Stadium Expansion
- Thread starter rutgersal
- Start date
"The Tre Timbers Center for Muscular Awesomeness"
No one said the obvious one yet? Two chicks at the same time.
Yeah some of us don't need $$$ for that...most of the time...:stuck_out_tongue_winking_eye:
NOOOOOOOO.....it'll turn into the "Love Shack" and after "F.A.M.I.L.Y." we don't need that!
I'd consider making the College Ave Gym state of the art......considering that the games are designed for tv audience anyway. Make it the most intimate environment in major sports.
Forget season tickets....make it general admission every game....only die hards get in.
Forget season tickets....make it general admission every game....only die hards get in.
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I would probably buy Rashan Gary
Ask mom/dad for a $10, go to any store with "Powerball/Lottery" signs in window, get five(5) PB tickets!
:joy:
Mom and dad have been dead for years. o_O
Just kidding. But they are really old.
To increase my odds of winning $675,000,000 by an infinite amount (over not playing at all), perhaps I'll go buy my first lottery ticket ever. Maybe. Probably not. But maybe.
I'll buy you an ice-cream cone with my powerball winnings to make up for it. :)
I would spend just enough to have access to have to be consulted on every hire. Kind of like T. Boone Pickens at Ok St.
You don't really get $675MM. The $675MM is the sum of annual payments spread out over the next $30 years. If you want all of the money now, you just get the cash value of the future annual payments, which is about $350MM. And then you have to pay about half of that in taxes, so you only end up with $175MM.
Although I guess that you could take the $350MM, make a tax deductible donation to Rutgers for $100MM, leaving you with $125MM and a tax bill of $125MM. You get $50MM less, the tax collector gets $50MM less, and Rutgers gets $100MM more.
I've got this all figured out. They withhold 28%, which is $98mm. You can donate up to a third, which is $116mm.
So you set up a charitable foundation with $116mm, which has to give out $5.8 mm per year. This way Rutgers has to continuously kiss your ass to get their $5.8 mm each year instead of kicking you to the curb after you blow your fortune.
Since you've donated $116mm, your actual winnings are reduced to $234mm. The tax on that is $81.9mm. Since you've already had $98 mm withheld, you get a tax return of $16.1 mm and charitable foundation to run.
I didn't go to RU; I'm just a fan of the FB program due to a combination of proximity and friends/family. And I'm not that much of a fan of the FB program.
On the other hand, I wouldn't donate $100MM to any of my actual alma-maters either. Not unless my net worth was well north of what this lottery pays out. Too many other things that need funding that I find more important than football.
And any good charitable foundation must pay it's director handsomely. It's good to have a plan. :)
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