My family has talked about this in the past.
Our son said he'd quit college. Mom and dad said, no. Finish and get his degree even if he never uses it.
Then, he could work for our family foundation finding ways to donate money to needy organizations. Figure we give 10% to the Church from our "investment earnings" off the top. I have two friends who run charity organizations that struggle. They would be set for life.
Then, build a field house for the two schools where I have recently coached (am still coaching).
That leaves my son to find ways to spend the interest we get off of the winnings.
Think about this.....here in rural NW Ohio, like many places, there are fundraisers for people who have had medical bills pile up because of a family members' issues. Hundreds of thousands of dollars. You see the reverse raffle, Chinese auction, spaghetti dinner - whatever - being held to raise money. Walk in, ask what the amount of doctor bills are for the child's kidney transplant. Oh, $270,000? Write a check for $400,000 and walk out.
Seriously, wouldn't that be awesome?!
OL