Trending

Powerball Winners Will Devote Their $528.8 Million to Charity

powerball
Although sometimes it seems like the world is filled with nothing but negative news, a couple who won a $528.8 million Powerball lottery ticket are offering some positive news. Marvin and Mae Acosta of California were one of a group of people who won the record $1.6 billion Powerball lottery last January. The Acostas teamed up with lawyers and financial planners before even claiming their prize, to ensure they know exactly how they will handle the winnings.

The Acostas stated they would be donating almost all of their winnings to a trust that would be established for charities. “We are thankful and blessed for the rare gift that has been placed in our care,” they said in a statement. The Acostas intend to keep their personal lives private and will not attend any events in celebration of their win.

The record-breaking Powerball lottery fascinated Americans for weeks as the tension and amount built.  The winning numbers were 4-8-19-27-34 and Powerball number 10.

powerball3

The California couple hid their identities for several months, whereas the other people who won announced themselves within just a few days. The couple are relatively young, with neither more than 40 years old. Upon the advice of their team, they have decided to take the cash payout of $327.8 million, which is a lump sum. The Acostas purchased their winning ticket in Chino Hills California at a convenience store. The winning lottery ticket wound up having a huge impact on the store where the ticket was purchased. The lottery paid the store $1 million for selling it; meanwhile lottery ticket sales have increased by 80% at the store.

Other Powerball winners from the same ticket include a Tennessee couple, John and Lisa Robinson. They also accepted their winnings in a lump sum. John Robinson said he would continue working his warehouse job, while Lisa will reamin employed with a dermatologist. They also immediately said they would remain in their home and pay off the family’s student loans.

powerball2

Florida winners David Kaltschmidt and Maureen Smith, who are from Melbourne Beach, took lump sum payments but indicated they would quit their jobs.

The Acostas released a statement thanking the lottery for the incredible gift that the lottery could provide to others.

“We are thankful and blessed for the rare gift that has been placed in our care. We have engaged a team of advisors to educate and guide us through this process so that we can be good stewards of these new resources. While many decisions are still to be made, we have committed nearly all of this new resource to a Trust and to charities that are important to us. While we are very grateful for the wonderful wishes and encouragement we’ve received, it is not our intention to become public figures, and we ask for and appreciate privacy going forward. Thank you.”

Prior Powerball winners have also decided to fund charities. Raymond Buxton, a retired man, won more than $400 million and decided to dedicate his money to pediatric health, child hunger and education.

7 Comments

  1. Zoe23 says:

    Great uplifting story

  2. Anonymous says:

    Good for them!

  3. Walter says:

    Nice story! I would quit my job though.

    • Nikki says:

      Oh same. I think these folks sound well-meaning but after a few weeks back at work they’ll quit.

  4. Alastair says:

    In a world of so much greed it is refreshing to see people who want to make the world better. Cheers.

    • Helen Jacobs says:

      Seems like they realize the winnings are more than they could ever use in their lifetimes.

  5. JP says:

    WOW. I should’ve bought a ticket!

Leave a Reply

Your email address will not be published. Required fields are marked *

*