Guy I know won a 'vette and gave it to charity - Chicagoland Sportbikes
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post #1 of 17 (permalink) Old 02-16-2005, 05:27 PM Thread Starter
Ron
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Guy I know won a 'vette and gave it to charity

Lake Barrington man wins Corvette, but gives it to charity
By Jim Butts Daily Herald Staff Writer

Jack Wood had always fantasized about owning a Corvette.

So it seemed like a dream come true when the Lake Barrington man won a $67,000 Chevy convertible at a charity raffle Thursday night.

But then he gave it back.

Wood took the stage at a black-tie "First Look for Charity" event at the Chicago Auto Show and said he was donating the $67,000 car to charity.

Wood, who lost his wife, Kathy, to cancer five years ago, is the vice president of development at Wellness Place, a free cancer treatment center in Palatine.

"It was absolutely a no-think for someone associated with the charity to give back," Wood said. "We're here for the charity."

The event raised $2.6 million for 19 charities Thursday night, Wood said.

The two people most upset about Wood's decision were his kids, Sean, 18, and Jacqueline, 16, whose reaction was "unprintable."

But even they came around, leaving him a nice message on his phone.

"The message said, 'Dad, you've worked very hard, and Mom would be very happy about what you've done tonight," Wood said.

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post #2 of 17 (permalink) Old 02-16-2005, 05:30 PM
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Better man than I, I would have been doing donuts in the lot 15 minutes later




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post #3 of 17 (permalink) Old 02-16-2005, 05:33 PM
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Quote:
Originally Posted by HDTony
Better man than I, I would have been doing donuts in the lot 15 minutes later
me too, but i can see where he is coming from---kudos to him

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post #4 of 17 (permalink) Old 02-16-2005, 05:38 PM
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Lake Barrington? VP? I'm sure Sean and Jackie will be ok in the auto department. Pretty cool of him. I'd probably sell it.

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post #5 of 17 (permalink) Old 02-16-2005, 05:46 PM
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Better man than me too. I think I heard on TV that either him or his company was one of the sponsors for the event. It may have looked pretty shitty if a sponsor won. What ever the case, it was a very selfless thing to do. His kids will never let him forget it I am sure.

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post #6 of 17 (permalink) Old 02-16-2005, 05:58 PM
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Yeah there is no way i'd give that up...I would sell it and buy some motorcycles instead

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post #7 of 17 (permalink) Old 02-16-2005, 06:03 PM
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It's a cool thing to do, when you buy into a charity raffle like that you really aren't doing it to win. Saying that, I would not have given it back, I am my own charity.

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post #8 of 17 (permalink) Old 02-16-2005, 07:37 PM
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my kidneys dont work, and neither does my panchreas... he coulda given it to me. it woulda been the right thing to do...
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post #9 of 17 (permalink) Old 02-16-2005, 09:26 PM
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Hmm what would the tax write off be for a 67,000$ donation? and right at tax time too?????

This is gonna hurt!
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post #10 of 17 (permalink) Old 02-16-2005, 09:55 PM
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Quote:
Originally Posted by HooliganZX6
Hmm what would the tax write off be for a 67,000$ donation? and right at tax time too?????
...my thoughts exactly.

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post #11 of 17 (permalink) Old 02-16-2005, 09:55 PM
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unfortunately the tax write off will not even cover the cost of the taxes he needs to pay for winning the vette.

Quote:
Originally Posted by HooliganZX6
Hmm what would the tax write off be for a 67,000$ donation? and right at tax time too?????

This is a cash and carry world - pay as you go
sometimes you only have to pay a little, mostly it's alot, once in a while it's all you have.
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post #12 of 17 (permalink) Old 02-16-2005, 10:49 PM
freaking newbies, man there slow, ha ha ha
 
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Quote:
Originally Posted by Boxuin
unfortunately the tax write off will not even cover the cost of the taxes he needs to pay for winning the vette.
Very true... it actually would cover none of the sales taxes. In order to claim it as a charitable controbution... you first must claim it as income. So its' basically a wash.
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post #13 of 17 (permalink) Old 02-16-2005, 11:12 PM
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Quote:
Originally Posted by cherrypicker
Very true... it actually would cover none of the sales taxes. In order to claim it as a charitable controbution... you first must claim it as income. So its' basically a wash.
+1...but all-in-all, he did a very honorable gesture...

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post #14 of 17 (permalink) Old 02-17-2005, 05:28 AM
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He did the right thing in my books, now they sell the car and make even more money for the charity. And it for a good cause, he a-ok in my books.

It leaves me to wonder, if it had been me, would the wifey let me keep it?

Sometimes goodbye is your second chance.
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post #15 of 17 (permalink) Old 02-17-2005, 11:21 AM
pfft.
 
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Quote:
Originally Posted by JoJo
Lake Barrington? VP? I'm sure Sean and Jackie will be ok in the auto department. Pretty cool of him. I'd probably sell it.
my folks live in lake barrington and we never had nice cars.
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post #16 of 17 (permalink) Old 02-17-2005, 11:59 AM
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Quote:
Originally Posted by JoJo
Lake Barrington? VP? I'm sure Sean and Jackie will be ok in the auto department. Pretty cool of him. I'd probably sell it.
+1! but a very nice thing to do.

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post #17 of 17 (permalink) Old 02-17-2005, 12:09 PM
freaking newbies, man there slow, ha ha ha
 
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Quote:
Originally Posted by HDTony
Better man than I, I would have been doing donuts in the lot 15 minutes later
Amen to that.
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