Use it to fund free tutoring or get a program going for it, building maintnance, supplies for depeartments that really need it. The art's departments: music, art, theater,etc. are often over looked. Put the rest back for a rainy day if any is left over.
Last year our house won a competition (which was held between all the houses from our company) and won 2000€.
With this, our boss rented a therapist for 3 weeks, who could do massage, osteopathy and acupuncture. She got a room in our house and every employee could make a appointment there and get treated for free. And that hour was still considered as work time.
Seriously, that was the best idea ever our boss had. We all were very grateful for that.
So, something like that? Something to make the employees feeling better.
Every employer would benefit from that. If the employees are feeling good and appreciated, they are healthier, more motivated, more loyal.
That is such a forward and thoughtful idea. And you are right happy and healthy employees are the best kind of staff.
If your school or place of work got a grant of a million dollars and you were in charge of how it gets used. What improvements and changes would you make?