Saturday, November 06, 2010
WV Powerball Winner Gives $5-M To Foundation
WEST VIRGINIA...
Powerball jackpot winner Randy Smith is keeping a promise to share his winnings with West Virginia.
Local newspapers say the former Berkeley County sheriff and magistrate has given $5 million to the Eastern West Virginia Community Foundation.
The gift will create a fund to help charities that support the homeless and meet other social welfare needs.
Smith bought the winning ticket for a $79 million Powerball in August and took the cash option when claiming his prize. After deducting nearly $14 million for taxes, he pocketed $30 million.
Smith says he's confident the foundation will make sure the money reaches those who need help. He and his family will help decide how the grants are distributed.
Grants will go only to organizations, not individuals or families.
Smith says he's confident the foundation will make sure the money reaches those who need help. He and his family will help decide how the grants are distributed.
Grants will go only to organizations, not individuals or families.
# posted by Homer Owens @ 5:08 AM 
