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Monday
Dec052011

CT Powerball Winners Make Good on Philanthropic Promise

William Thomas Cain/Getty Images(GREENWICH, Conn.) -- Three Connecticut wealth managers who won a $254 lottery million jackpot followed through on their promise to put the money toward philanthropy, announcing on Sunday donations to five charities that assist veterans.

The first recipients will each receive $200,000. They are: The Bob Woodruff Foundation, Building Homes for Heroes, Services for the Under Served, Operation First Response, and the Intrepid Fallen Heroes Fund.

The Bob Woodruff Foundation, started by ABC News correspondent Bob Woodruff -- who suffered a brain injury when a military vehicle in which he was traveling was struck by an IED in Iraq -- helps injured veterans reintegrate into everyday life following deployment.

Building Homes for Heroes constructs from the ground up and also modifies homes for wounded and disabled veterans.

Under Served supports, "individuals and families facing challenging life situations such as mental illness, developmental disability, physical disability, AIDS, homelessness, unemployment and poverty," according to its website, and also has a veteran's support group component.

Operation First Response helps the families of wounded soldiers deal with the domino of costs that can come from injury.  Peggy Baker, president of the charity, called the gift a "Christmas miracle."

The Intrepid Fallen Heroes Fund supports the families of wounded soldiers and those killed in action.

The three trustees said they felt it was important to give back to a section of American society that is underserved.

"We are leveraging our professional experience and our collective success in money management to ensure these lottery dollars go far further than their face value," the three winners, who formed the Putnam Avenue Family Trust, said in a statement.

Money managers Greg Skidmore, Brandon Lacoff, and Tim Davidson came forward on Nov. 28 to claim the jackpot 27 days after the winning numbers were announcd.  All three work for wealth management firm Belpoint Capital in Greenwich, which manages $82 million, according to the Securities and Exchange Commission.  Skidmore is the president and CEO of the company.

Copyright 2011 ABC News Radio

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