Whenever I think I have discovered all of the interesting Surprise Millionaires out there, I discover another! While all of our Surprise Millionaires are interesting in their own way, occasionally I run across one who is outstanding. Ted Nash definitely belongs in this category. A man with the express purpose of becoming a millionaire in order to help make the world a better place. Now that’s something I think we can all get behind!
Someone once said that through the love of reading you can travel the world and be anyone you want to be without ever having to leave the comfort of your armchair. And if you are the frugal sort like Alice Jumper, it is a whole lot less expensive as well! In fact, through her love of reading, Alice was able to accumulate a $1 million portfolio that will be benefiting Central Michigan University and its Library well into the future.
A Surprise Millionaire in Georgia thought he was doing a wonderful thing by leaving his local church a staggering bequest of $60,000,000; his entire life’s savings. However, the momentous event seemed to be more of a burden for the small congregation instead of a blessing. Where to use the money and how to use the money were decisions left up to the congregation with no direction from their benefactor. For a house of faith who wanted to remain just that, a house of the faithful; this posed some major concerns.
Would greed rear its ugly head, would they make the right decisions regarding the use of the money when there were literally thousands of worthy causes and organizations that could benefit? These concerns were turning what was meant to be a wonderful thing in to a major stressor for the church and its congregation.
This brings me to my point for all of you potential Surprise Millionaires out there. When determining who you will leave your wealth to, it is best to divide that wealth between several organizations, individuals and worthy causes rather than placing the entire estate and all of the pressures it may bring on one entity. Secondly, please either stipulate or at least suggest what you would like the funds to be used for.
A little planning on your part could save some very grateful, but conflicted people a little angst in the future.