Ot: Question. Collectives vs athletic foundations
No, most donations to Name, Image, and Likeness (NIL) collectives are generally not tax-deductible as charitable contributions. The IRS ruled in 2023 that because these organizations primarily benefit private individuals (student-athletes) rather than a public charity, they do not qualify for 501(c)(3) tax-exempt status. ...
Would that rule that applied to A also affect B once B started engaging in A type activities. And how should it affect the donor's, do they know which they are donwting to or does it matter
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Re: Ot: Question. Collectives vs athletic foundations
