There is no mention of how the $14.7 million will be spent or where future funds from the two new memorial foundations will be distributed.
In the GoFundMe section of “commonly asked questions,” Philonise explains in question #4, that the money will be used for the family’s benefit. In #5, Philonise Floyd clarifies that 100% of the funds collected here will go to my family.
How the funds will be spent? Funds collected here will be spent by the Floyd family as outlined above. This fund will be governed and controlled at the discretion of Philonise Floyd for the family’s benefit.
How do you intend to get the funds to those in need? All funds collected on this website will be withdrawn to an established account for the benefit of my family.** 100% of funds collected here will go to my family.**
There is no mention of how the $14.7 million will be spent or where future funds from the two new memorial foundations will be distributed.
In the GoFundMe section of “commonly asked questions,” Philonise explains in question #4, that the money will be used for the family’s benefit. In #5, Philonise Floyd clarifies that 100% of the funds collected here will go to my family.
How the funds will be spent? Funds collected here will be spent by the Floyd family as outlined above. This fund will be governed and controlled at the discretion of Philonise Floyd for the family’s benefit.
How do you intend to get the funds to those in need? All funds collected on this website will be withdrawn to an established account for the benefit of my family.** 100% of funds collected here will go to my family.**
So jewelery, sneakers, drugs, handbags, and fried chicken.
Unless they're smart enough to hire a financial advisor, that slush fund will be gone within a few months.
Most lottery winners end up just as broke, or even worse off, after winning large sums.
They simply have no clue how to be financially responsible.
Yep, people return to the state they were at beforehand. If they were about 80K in debt before getting money, they'll be right back at that place