Can a lottery winner run an effective foundation? Meet Roy Cockrum

Can a lottery winner run an effective foundation? Meet Roy Cockrum

SeattlePI.com

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In the early 1980s, soon after graduating from college, Roy Cockrum was trying to make it as an actor in New York. He was hanging on by his fingernails, getting paid $40 a show for two supporting roles in the off-Broadway comedy “Vampire Lesbians of Sodom.” Then, in 2014, at age 58, Cockrum’s luck abruptly changed. Cockrum won America’s Powerball lottery, collecting a lump-sum check for $153 million. Instead of spending it all on himself, he decided to take half his after-tax winnings, about $60 million, and set up a foundation focused on helping U.S. nonprofit theaters rediscover their boldness.

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