BeachBumDeac
Cheap Date
- Joined
- Mar 17, 2011
- Messages
- 27,924
- Reaction score
- 15,783
Time to get our players paid
If this is NFTs, I'm going to be very disappointed.
I'm guessing it's stuff like "get your favorite player to show up to your birthday party for $500."
awesome. anyone know if contributions to stuff like this is tax deductible / DAF accessible?
awesome. anyone know if contributions to stuff like this is tax deductible / DAF accessible?
It depends. Some of the collectives have been structured as (c)(3) (presumably public charities so eligible for distributions from most DAFs). Others are more like paying for perks of membership and don’t purport to be charities. I will be very interested to see the IRS’s take on the charitable ones and whether they can generate the same level of NIL deals for athletes.
Do you know of other examples of collectives like this already up and running? I'm curious what impact it has on giving to the university directly.
Or have them send birthday wishes via Twitter or Facebook for a fee. I know celebs have been doing that side hustle for a while now. My brother-in-law is a huge Alice Cooper fan. I think my sister paid like $500 for Alice to send him a personal birthday message.
Do you know of other examples of collectives like this already up and running? I'm curious what impact it has on giving to the university directly.