FundSvcs Community

Hi! 

UNH has opted in to the House v. NCAA settlement and our Athletics department wants us to set up gift funds for separate sports that have been chosen to fall under the $20.5 million cap. We just want to confirm that we may raise money through philanthropy for the purposes of paying the student-athletes. 

Thank you, in advance, for your assistance.

Hi! 

UNH has opted in to the House v. NCAA settlement and our Athletics department wants us to set up gift funds for separate sports that have been chosen to fall under the $20.5 million cap. We just want to confirm that we may raise money through philanthropy for the purposes of paying the student-athletes. 

Thank you, in advance, for your assistance.

Hi! 

UNH has opted in to the House v. NCAA settlement and our Athletics department wants us to set up gift funds for separate sports that have been chosen to fall under the $20.5 million cap. We just want to confirm that we may raise money through philanthropy for the purposes of paying the student-athletes. 

Thank you, in advance, for your assistance.

John -

Are donors able to use DAFs to contribute to an NIL initiative?

Thanks!

Hi! 

UNH has opted in to the House v. NCAA settlement and our Athletics department wants us to set up gift funds for separate sports that have been chosen to fall under the $20.5 million cap. We just want to confirm that we may raise money through philanthropy for the purposes of paying the student-athletes. 

Thank you, in advance, for your assistance.

John -

Are donors able to use DAFs to contribute to an NIL initiative?

Thanks!

Hi! 

UNH has opted in to the House v. NCAA settlement and our Athletics department wants us to set up gift funds for separate sports that have been chosen to fall under the $20.5 million cap. We just want to confirm that we may raise money through philanthropy for the purposes of paying the student-athletes. 

Thank you, in advance, for your assistance.

John - Are you able to clarify your last response? Gifts to the University of Texas One Fund (per their FAQs) are tax deductible. Is the distinction here that payments to NIL Collectives are not tax deductible (clearly stated by the IRS), but gifts to other NIL initiatives with exempt status (such as the Texas One Fund) are?

John -

Are donors able to use DAFs to contribute to an NIL initiative?

Thanks!

Hi! 

UNH has opted in to the House v. NCAA settlement and our Athletics department wants us to set up gift funds for separate sports that have been chosen to fall under the $20.5 million cap. We just want to confirm that we may raise money through philanthropy for the purposes of paying the student-athletes. 

Thank you, in advance, for your assistance.

John - Are you able to clarify your last response? Gifts to the University of Texas One Fund (per their FAQs) are tax deductible. Is the distinction here that payments to NIL Collectives are not tax deductible (clearly stated by the IRS), but gifts to other NIL initiatives with exempt status (such as the Texas One Fund) are?

John -

Are donors able to use DAFs to contribute to an NIL initiative?

Thanks!

Hi! 

UNH has opted in to the House v. NCAA settlement and our Athletics department wants us to set up gift funds for separate sports that have been chosen to fall under the $20.5 million cap. We just want to confirm that we may raise money through philanthropy for the purposes of paying the student-athletes. 

Thank you, in advance, for your assistance.

John - Are you able to clarify your last response? Gifts to the University of Texas One Fund (per their FAQs) are tax deductible. Is the distinction here that payments to NIL Collectives are not tax deductible (clearly stated by the IRS), but gifts to other NIL initiatives with exempt status (such as the Texas One Fund) are?

John -

Are donors able to use DAFs to contribute to an NIL initiative?

Thanks!

Hi! 

UNH has opted in to the House v. NCAA settlement and our Athletics department wants us to set up gift funds for separate sports that have been chosen to fall under the $20.5 million cap. We just want to confirm that we may raise money through philanthropy for the purposes of paying the student-athletes. 

Thank you, in advance, for your assistance.

John - Are you able to clarify your last response? Gifts to the University of Texas One Fund (per their FAQs) are tax deductible. Is the distinction here that payments to NIL Collectives are not tax deductible (clearly stated by the IRS), but gifts to other NIL initiatives with exempt status (such as the Texas One Fund) are?

John -

Are donors able to use DAFs to contribute to an NIL initiative?

Thanks!

Hi! 

UNH has opted in to the House v. NCAA settlement and our Athletics department wants us to set up gift funds for separate sports that have been chosen to fall under the $20.5 million cap. We just want to confirm that we may raise money through philanthropy for the purposes of paying the student-athletes. 

Thank you, in advance, for your assistance.

John - Are you able to clarify your last response? Gifts to the University of Texas One Fund (per their FAQs) are tax deductible. Is the distinction here that payments to NIL Collectives are not tax deductible (clearly stated by the IRS), but gifts to other NIL initiatives with exempt status (such as the Texas One Fund) are?

John -

Are donors able to use DAFs to contribute to an NIL initiative?

Thanks!

Hi! 

UNH has opted in to the House v. NCAA settlement and our Athletics department wants us to set up gift funds for separate sports that have been chosen to fall under the $20.5 million cap. We just want to confirm that we may raise money through philanthropy for the purposes of paying the student-athletes. 

Thank you, in advance, for your assistance.

Let me start by saying: John, please ignore this, as you are on vacation!

I really appreciate all that has been added to this conversation. From John's response--and the input of others, like Isaac--we understand that the "gifts" that our Athletics' colleagues were intending to solicit for revenue-sharing would not be tax deductible, but then we run across programs like SMU's Benefit Fund--"the SMU revenue-sharing program"--which claims to be 100% tax deductible, and it makes it difficult to convince our Athletics Director that we're being IRS compliant by not running and advertising such a program. SMU goes as far as to state, "Now that the House v. NCAA settlement is in effect, gifts that were formerly made to the Boulevard Collective can be made directly to the Student-Athlete Benefit Fund." https://www.smu.edu/giving/student-athlete-benefit-fund

I realize, of course, that others doing it does not make it right; it just makes it difficult to persuade our colleagues that it isn't possible. We get the, "but what about SMU?" type of questions and comments.

Of course, if I'm missing a fine point of distinction that makes their program tax deductible, please let me know. I would love to understand it, especially if I'm incorrect. 

Thank you, all!

John - Are you able to clarify your last response? Gifts to the University of Texas One Fund (per their FAQs) are tax deductible. Is the distinction here that payments to NIL Collectives are not tax deductible (clearly stated by the IRS), but gifts to other NIL initiatives with exempt status (such as the Texas One Fund) are?

John -

Are donors able to use DAFs to contribute to an NIL initiative?

Thanks!

Hi! 

UNH has opted in to the House v. NCAA settlement and our Athletics department wants us to set up gift funds for separate sports that have been chosen to fall under the $20.5 million cap. We just want to confirm that we may raise money through philanthropy for the purposes of paying the student-athletes. 

Thank you, in advance, for your assistance.

Let me start by saying: John, please ignore this, as you are on vacation!

I really appreciate all that has been added to this conversation. From John's response--and the input of others, like Isaac--we understand that the "gifts" that our Athletics' colleagues were intending to solicit for revenue-sharing would not be tax deductible, but then we run across programs like SMU's Benefit Fund--"the SMU revenue-sharing program"--which claims to be 100% tax deductible, and it makes it difficult to convince our Athletics Director that we're being IRS compliant by not running and advertising such a program. SMU goes as far as to state, "Now that the House v. NCAA settlement is in effect, gifts that were formerly made to the Boulevard Collective can be made directly to the Student-Athlete Benefit Fund." https://www.smu.edu/giving/student-athlete-benefit-fund

I realize, of course, that others doing it does not make it right; it just makes it difficult to persuade our colleagues that it isn't possible. We get the, "but what about SMU?" type of questions and comments.

Of course, if I'm missing a fine point of distinction that makes their program tax deductible, please let me know. I would love to understand it, especially if I'm incorrect. 

Thank you, all!

John - Are you able to clarify your last response? Gifts to the University of Texas One Fund (per their FAQs) are tax deductible. Is the distinction here that payments to NIL Collectives are not tax deductible (clearly stated by the IRS), but gifts to other NIL initiatives with exempt status (such as the Texas One Fund) are?

John -

Are donors able to use DAFs to contribute to an NIL initiative?

Thanks!

Hi! 

UNH has opted in to the House v. NCAA settlement and our Athletics department wants us to set up gift funds for separate sports that have been chosen to fall under the $20.5 million cap. We just want to confirm that we may raise money through philanthropy for the purposes of paying the student-athletes. 

Thank you, in advance, for your assistance.