Can a lottery winner effectively manage a foundation? Roy Cockrum's journey

Reported 3 months ago

In the early 1980s, struggling actor Roy Cockrum won $153 million in the Powerball lottery in 2014 and decided to use half of it to establish a foundation supporting U.S. nonprofit theaters. Since then, the Roy Cockrum Foundation has funded 47 theatrical productions across the United States, with a focus on helping theaters rediscover their boldness. The foundation's success lies in Cockrum's passion for theater, his ability to spot potential, and his support for artistic projects that might not receive funding otherwise, setting him apart from other lottery winners turned philanthropists.

Source: YAHOO

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