Mulford has been giving to the United Way for 35-years.
"There was a time for me to need some of the agencies," said Mulford at a press conference on Wednesday. "I don't tell the stories often, so I'm not going to tell them now, but knowing that your agencies are out there...made a difference in my life and in my family's life."
The Mulfords donation was made to the United Way of East Central Iowa Endowment Fund at the Greater Cedar Rapids Community Foundation.
Each year, the annual gift to the United Way will be drawn from this investment which is estimated to be between $3,000 and $4,000.
"It's a gift that will keep on giving because it'll address the needs of the community not only now, but in future years," said President and CEO of the United Way of East Central Iowa Lois Buntz.
For Mulford, the gift of winning the lottery is a gift he said he wants to share.
"You don't have to be a millionaire to give back," he said.
Mulford said he plans to retire from Quaker Oats next year and move to Minnesota with his wife.
He said they've had fun with traveling and buying a new car.
"It's used, but it's new to us," he said.
The Mulfords have donated to various other charities as well.
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