bolo punching?

Definition that I looked up on the internet so as to have an appropriate title: A bolo punch is a flashy wide sweeping uppercut that is more about showboating than power. The bolo punch might not even be thrown at all but rather used to distract the opponent so you can hit them with your other hand.

Disclaimer: This is the story told to me. I have no idea of its veracity.

V told me a story to explain why orphanage directors preferred to accept gifts of good rahter than donations of cash. It was about one of the baby homes we visited on my whirlwind donation tour. It's about to celebrate its 60th year as a baby home. For 55 years before that it was a dacha for an admiral and his family. It's a beautiful, wooden building. The stairway as you enter is absolutely gorgeous. But, it does have its share of wear, both inside and out. It is not the children's home in the worst condition, but it is sorely in need of repair.

Last year, there was a documentary made about this baby home in anticipation of its six decades. It was shown during a boxing championship in St. Petersburg last year. This was a big event! The orphanage director was delighted to be invited. President P was there, too.

After the match, the boxing gloves were auctioned off and the proceeds were to benefit the baby home. The bidding reached, according to V, 3 million rubles. Everyone was very surprised because the winning bidder was just an ordinary man. People joked that Pres. had actually backed the bidder. The money was deposited into her account.

The orphanage director was thrilled! She talked to all of her friends about that night and her good fortune. She told everyone about the repairs she would make, the renovating she would do. She began making plans. She called to let her supervisors know she would be withdrawing money from her account (It's called "her" account, but in reality she has little access to it and needs approval for withdrawls.) to make repairs. They told her that the money was specifically for repairs to the outside of the building. She readily agreed and asked to make the withdrawl.

She was then told that she was the orphanage director and was therefore in charge of all that occurred inside the orphanage. She had no jurisdiction over the OUTSIDE of the building. She couldn't access any of the money in her account.

V says the director doesn't talk about this anymore. V said that last with a little laugh, as if it was inevitable that this was too good to be true and the director was foolish to think otherwise. I can only imagine the disappointment and frustration the director must feel.

What I do know: There was a fight.

What I found online: The auction is mentioned as being hosted by what seems to be a reputable charitable foundation.

What I don't know: How much was the winning bid? Who bought them? Why? What happened to the money?

What else I know: That orphanage could put that money to good use. Any orphanage could.