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A $40 million gift to charity

By Judy Martel · Bankrate.com
Wednesday, December 25, 2013
Posted: 6 am ET

Just in time for the season of giving, we get news that a Canadian man is donating every single dollar from his $40 million Lotto win to charity.

Tom Crist, a retired businessman, told CBC News that his career has given him financial security. "I've done enough that I can look after myself, for my kids, so they can get looked after into the future," he said. "I don't really need that money."

Before retiring, Crist was the CEO of an electrical wholesale company based in Calgary, Canada. He plans to involve his four children, who support his decision, in his new role as a philanthropist. The money will be placed in a family trust and will be donated to various charities in honor of his late wife, who died of cancer two years ago at the age of 57.

Because of his wife's illness, the Canadian Cancer Society and Calgary's Tom Baker Cancer Centre will be among the recipients of the windfall, he said.

Crist actually won the lottery in May, but kept quiet for seven months while he figured out how to handle the publicity and how to inform his children. He found out he was a winner while on a Palm Springs, Calif., vacation and didn't even tell his fellow golfers that day. "As soon as I hung up from my cellphone call from Western Canada Lottery, I never thought about it," he told CBC. "We finished our lunch; we went out golfing."

What do you think of Crist's generosity?

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Janie Dukes
March 18, 2014 at 10:20 pm

It appears that some people have all the luck, when you need money so bad it just make tears come to my eyes when I read how some people just have too much, it seems.

Janie Dukes
March 18, 2014 at 10:18 pm

I just wish that I was a part of the millions that this person is about to give away. It seen that I always miss my ship, but my day will come.