re: If you (an LSU Fan) win the powerball...

that was the joke

the fact that there were donors willing to donate to firing someone is crazy to me

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None. LSU isn't even a top teir university and hasn't had solid leadership since O'Keefe.

Why give the retards in charge more money to waste. Conversely, any admin worth a damn would flee Baton Rouge at the first sign of a lateral move. The University is a train wreck right now; the money would just go to waste.

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I'd love to see a public challenge that a donor would be willing to give the University up to $10 million dollars if the University could trim 20% of that amount from its administrators that don't teach. Say goodbye to the assistant to the assistant of the vice provost and other bureaucratic bullshite positions that make tons of money for questionable contributions.

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I would buy a permanent parking spot adjacent to Tiger Stadium and Alex Box, buy a girl tiger for Mike's pleasure and fund the renovation of stadium dorms to create game-day suites.

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this guy gets it..

How much does LSU donate to me? I will triple it

I'd donate enough money to have them hang a "Chicken Memorial Pipe" sign off the exposed drain pipe on the west upper.

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Out of that 1.5 billion, you'll get about a third of that. Maybe 40%. According to news reports, the lump sum payout on $1.5 billion jackpot would be a little over $900 million before taxes. With proper planning, you should be able to keep two-thirds of that at least. Most people who make that much a year normally without winning the lottery pay less than 20% of their income in taxes, so you should be able to at least limit your tax exposure to about a third.

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The cash option on 1.5 billion is somewhere north of 950 million. Top maximum individual income tax rate for the feds jumped to 39.6% a few years ago. 25% would be withheld when the prize is awarded, and you'd owe the other 14.6 at a later date.

If you live in Louisiana, maximum individual income tax rate is 6%. You'd owe that over the tax year..not positive when it's all due.

If you plan to donate to a charity, do it in the year you get the prize, as the donation reduces the taxable INCOME in the year received.

So, 950 mill means 516 mill in your pocket before charitable donations.

If you plan to share it with folks after cashing it, it gets REALLY complicated.

First call is to a tax attorney (or 2-- one to check the math from the first one.)

Don't tell the world if you win-- one person blabs before you sign that ticket, and every kook and probably every criminal organization in the world will use the web to find and torture that ticket out of you.

This is my interpretation-- take it with a grain of salt. Some CPA will probably correct me.

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when the academic side of the University is struggling with money so bad?

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Donating money won't help the problem. The legislature will just keep slashing the school's budget. A better way to spend money to help the school would be to fund a political cause that would strip the legislatures ability to control the school's finances year to year.

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Its 1.5 billion. Lets say you get half that, thats $750 million. I would not want that much money and I would donate half probably, and what better way to donate than to LSU athletics.

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Not trying to be a dick, I mean it's your money.

But "what better way to donate?" I can think of many. How about doing something similar to Warrick Dunn and build homes for needy families. Fund scholarships for deserving poor kids. Build homeless shelters. Battered women's shelters. Donate to disease research. Help at-risk kids. The list of where your money could go to actually help people is endless

As I said, it would be your money and you can do what you like, but don't say there's no better way to donate than to an athletic department.

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the fact that there were donors willing to donate to firing someone is crazy to me

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You do realize that sometimes the only way to improve an organization is to clean out the management. Happens to corporations all the time.

Why is it a bad idea in our case?? If money is an issue and some donors want to solve that problem with their own assets, what's the problem with that???