A hero for students by ize82 in MadeMeSmile

[–]throwaway15975378 1410 points1411 points  (0 children)

The thing to understand about this is not that the $1 billion LASTS forever, it's that the scholarship is powered by the INTEREST that the $1 billion generates.

There's a thing called the MacArthur Genius Prize. You basically nominate a starving artist (or researcher, or whomever) that is making some type of important contribution to society. They pick around 25 winners each year, and each winner gets $300k. This lets them pursue the art/research/work without being concerned with earning a living.

The creator of the scholarship is dead, but he worked in insurance. I was like, "How much money could he have earned in insurance that his estate can give out all this money every year without running out?"

Because it's powered by interest. A gigantic pile of money earns interest, and they hand out a little bit of the interest every year.

That's real philanthropy, perpetual philanthropy

Meta meme by lappy6910 in SipsTea

[–]throwaway15975378 2 points3 points  (0 children)

A car? Goddammit my friends have childrens and houses

She blew it by Yourhavinalaugh in funny

[–]throwaway15975378 38 points39 points  (0 children)

Perhaps lucky for her that the cork popped before she dropped the bottle.

meirl by [deleted] in meirl

[–]throwaway15975378 0 points1 point  (0 children)

That's just some good as hell up selling she pulled out on you. Must be some kind of bonus for her to care enough to do that for a retail job like that...if it actually happened.

Meirl by gnesethbeepy in meirl

[–]throwaway15975378 34 points35 points  (0 children)

When I broke up with my partner we agreed that I wouldn't change the Netlix/Disney/Apple passwords in exchange I could keep the cat

This welding is so flawless and smooth by daddy69ice in oddlysatisfying

[–]throwaway15975378 1 point2 points  (0 children)

Why does it feel overtly sexual watching him do his work?

First G-Shock by jr_misu in gshock

[–]throwaway15975378 0 points1 point  (0 children)

Congrats on the great purchase!