I was at the in-laws for T-Day yesterday, and after the Lions loss I guess nobody was in the mood for more football, so somebody switched to a channel playing ‘It’s a Wonderful Life’.
At the heartwarming end I wondered, as I have in the past, what did they do with all that surplus donated money? Bailey clearly got tens of thousands more than the $8,000 shortfall they needed. I looked up what 8K in 1945 would be in today’s dollars and it’s almost $135K. So they may have easily hauled in today’s equivalent to a half million dollars or more; no chump change that.
So what do you do with all that surplus? The obvious answer might be “give back what they didn’t need” but that doesn’t seem like it would be so easy. There were dozens, if not hundreds of townfolk throwing money in baskets. Even if they had somehow kept a close accounting of who donated what, people want to think their generous donation was much needed. After Sam Wainright covered the loss on his own, Bailey could have given everybody else their money back, but “here, we don’t need your money” probably wouldn’t have gone over so well.
Keep it for themselves, then? That would certainly be understandable on some level; the Baileys struggled and sacrificed for years while helping the town. And their old house certainly must have needed some major structural work. They showed Mary diligently working on the house wallpapering and stuff in-between raising 4 kids, but I doubt she was hauling pallets of shingles up on the roof or replacing rotted attic support beams. And clearly George Bailey had neither the time nor inclination to do any DIY home repairs. He couldn’t even be arsed to take 5 minutes to glue the loose stairway newel cap down.
But keeping all the money to enrich themselves could have easily gone south. He’d already pissed off the schoolteacher’s husband and the guy whose tree he drunk-drove into. All he’d need to undo the years of goodwill he had built up with the town would be for people to start disgruntledly gossiping about how the Baileys kept the money to fancy their house up, or buy a new car, or whatever. That plus Potter continuing to spread rumors about George embezzling the original 8K and an affair with Violet, and even with the authorities having decided not to prosecute, the town could very easily have turned against the Baileys. Plus, it wouldn’t be in George’s character to keep the surplus anyway.
The best I can come up with is, they started some sort of charitable foundation or other thing with the money, or invested it back into the town in some way.
Just random over analyzing to death a 70 year old movie holiday movie musings on a lazy Black Friday.