I’m not thinking of creating a programm, just funding them with the trust money’s income.
What they said.
Pretty much this…and that’s in tandem with my letting it sit for at least a year, while I screen all my new “family and friends”. Once that settles down, I’ll then sort things out and develop a plan that doesn’t see me broke in 5 years.
And I’m against just giving away money, in most any form. For homeless persons, I’ll buy some food; for a friend, I’ll buy a gift…but I’m not just giving money.
Would you give money to a food bank which just distributes food? Assume that you can determine that your money is being spent directly for that purpose.
I’d talk to financial advisors to see the best use of my money. I would also set up multiple trusts, for myself and my family.
I figure while I could just give my brother $100,000 it would be better if that sum was used as seed money to give him and his family a steady supplementary income. And anybody I gave money to in this way gets a one-time handout- its up to them to manage it.
I put down 1-10%, since I give about 3% now.
I know a woman who won a quarter million (okay, a different snack bracket). She was asked if she wanted her identity made public. She didn’t (surprise!) Fifteen minutes later the phone started ringing off the hook from charities. I would tell any charity that called me that they were permanently off my list of who I contribute to. Permanently.
What would I do with the rest of the money. First thing I would buy my daughter a nice apartment in NY. Maybe even on Central Park South. I would pay off my other kids’ mortgages. I would start to travel a bit, first class only. Maybe I would buy a share in one of those private jets and thus avoid airport security. Maybe I would buy myself a condo on Central Park South. After all my main reason for staying here in Montreal since I retired is medicare and that would no longer worry me.
I’m curious what the people planning to give little or nothing plan to do with the money aside from hookers and blow.
I’ll assume 100 million is the gross and I net around 60 million. I’d buy $1,000,000 dollar annuities for close family and give them and friends presents, so that might blow 20 million right there. That leaves me 40 million, and to make my life easier I’m just letting my wife decide what to do with half of that (she’ll spend it all on charities and scented candles). So I’ve got 20 million to play with, and even if I blow 10 of that on fun I’ve got 10 million left to do some good in the world. So you could say I might only put 10% toward charity. But actually I’d probably spend less on family and friends and myself than I’m saying. Really only my kids need the money at all, so I’m likely to have more left over, and I’d rather see it go to making the world a better place in some way or another.
If it was a lot more money than that, one way I’d make the world a better place is to buy the New York Yankees and shut down the franchise.
I would give about 10-20% away to specific charities. Being a very anti-social person, however, I would follow one simple rule. If I was not willing to give you money when I was broke, I am not giving you money now.
A good chunk would be set aside in trust for my daughter and the rest would go towards supporting the lifestyle of hedonism and decandance to which I fully intend to be come accustomed. I can find ways to spend $60-70M before I die. 
I’d make a $10 million bequest to my former church, even though I’m an atheist now. Partly because I think they do good work for the community and trust them to use it well, and partly because doing so would cause members of the Church in God in Christ (biggest local denomination and the church I grew up in) to come knocking at my door, which would give me the pleasure of telling them to fuck off.
That’s pretty much what I came up with as well.