“donate” IE give your money to players so they can get paid to play. You are not donating to a nonprofit or to a charitable organization. They shouldn’t use the term donate.
https://twitter.com/EugeneBJohnson1/status/1759303567859413077
https://twitter.com/EugeneBJohnson1/status/1759373135000854538
2 Likes
After listening to Hunter’s Podcast and Jeremy talking about how NIL works made ask the question, Why would I donate to the collective?
Can I take a tax deduction for it? What do the athletes get out of it?
I donate to the collective for basketball.
I get no information about how the money is used (yet).
The only thing I could choose is all to men’s, women’s or split it.
I’m not giving much so no idea if that would change if I was a whale.
Pretty much your taking it on faith that they can use it to help recruit and retain players.
You cannot claim it on your taxes.