I’m Taking . . .
- Thread starter zebnatto
- Start date
How can we expect to raise NIL when our tax collective is not setup to be charity tax deductible and all the other teams in the Big Ten are. We're shooting ourselves in the foot.
can someone explain how nil can be treated as charity and therefore tax deductible? These players making hundreds of thousand to millions of dollars are charity cases???
Other schools like Maryland and Ohio state have it set up as a charity deduction for donors. Rutgers doesn't.
That a huge hit to Rutgers ability to raise NIL.
is that true?
Also that needs to change. Paying athletes can NOT be tax deductible. However...how many people actually itemize deductions....actually probably people with disposalable income to waste on playing players
Per AI: Confirmed 501(c)(3) Collectives: Michigan State, Nebraska, Ohio State, and Northwestern have at least one NIL collective explicitly structured as a 501(c)(3) nonprofit, focusing on charitable activities like community engagement and charity partnerships.
Unconfirmed or For-Profit: The remaining 14 Big Ten schools (Michigan, Penn State, Wisconsin, Illinois, Indiana, Iowa, Maryland, Minnesota, Purdue, Rutgers, Oregon, UCLA, USC, Washington) have collectives, but their tax status is either not publicly disclosed or likely for-profit (e.g., LLCs). These schools often prioritize high-value commercial NIL deals, especially for football and basketball, which are less restricted in for-profit structures.
IRS Scrutiny: The IRS has flagged 501(c)(3) collectives for potential non-compliance, suggesting that some may lose tax-exempt status if they primarily compensate athletes rather than serve charitable purposes. This could reduce the number of 501(c)(3) collectives in the future.
What team has their collective contributions as tax deductible? Please link websites stating that fact not hearsay.
THE #1 Non-Profit NIL collective for Ohio State Football & Basketball. The Foundation Fund is a registered 501(c)(3). Donations are tax-deductible as allowed by law.
If you're writing a big check you likely itemize deductions and want it to be tax deductible.
Seems other schools have figured out how to raise NIL money and allow it to be tax deductible but Rutgers hasn't.
It's not setup as a tax deductible charity. You don't get a tax deduction to donate to any Rutgers NIL. However many of our in conference peers have set up NIL so it is tax deductible.
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As usual were thousands and thousands of miles behind everyone else
People on here complaining whether it should be tax deductible or not.... what flipping difference does it make youre not going to donate anyway and you know who you are so what do you care what other schools do
It is the same conversation as all the other wealthy and "haves" of the world that manipulate the tax code to keep money in their pockets doing it again only this time they are giving money to their schools and the schools are using it to their advantage
We are sitting here reading the rulebook like were about the play Monopoly and were having trouble picking whether we want to be the thimble or the boot
People on here complaining whether it should be tax deductible or not.... what flipping difference does it make youre not going to donate anyway and you know who you are so what do you care what other schools do
It is the same conversation as all the other wealthy and "haves" of the world that manipulate the tax code to keep money in their pockets doing it again only this time they are giving money to their schools and the schools are using it to their advantage
We are sitting here reading the rulebook like were about the play Monopoly and were having trouble picking whether we want to be the thimble or the boot
Rutgers has streamlined a write off season. We will finish bottom 3. Probably worst team in conference.
If Rutgers collects enough $5 RAC tix sales, we MIGHT be able to pay PJ Hayes for one last year if NCAA gives him one more year and Pike gets the job done resigning him
Tax deduction or not, what does it matter around here ,those bitching probably never give a dime to any NIL. Just more BS .
as opposed to the last 2 seasons we unintentionally wrote off this one is at least planned and everyone knows its going to be awful
The IRS has ruled that contributions for NIL are not tax deductible. If that's how it's being pitched at those schools then some people may find the IRS knocking on their door down the road for impermissible deductions.
Maybe, maybe not. The recruiting sites and news media only publish what the program wants out there.
Correct but there are ways around it. And schools like Ohio state and Maryland found the loophole.
RFund donations are tax deductible and aren't we tens of millions behind the rest of the Big Ten in Atheltics giving directly to the AD each year?
I'm not sure making Rutgers collectives tax deductible or revoking the tax deductible for other schools is going to make much difference.
Is OSU suddenly going to have no NIL because donations are tax deductible?
Or we would be swimming in money if NIL donations were tax deductible?
I'm not sure making Rutgers collectives tax deductible or revoking the tax deductible for other schools is going to make much difference.
Is OSU suddenly going to have no NIL because donations are tax deductible?
Or we would be swimming in money if NIL donations were tax deductible?
Correct, it's not going to make a difference. It's just being used as another excuse why they won't donate.
It absolutely matters if it's tax deductible. Its stopped me from doing it twice. I just give to...well idk what anymore since the field house got scrapped basically.
Yeah, this. It’s not as simple as just convincing people to donate. You have to convince people that by donating, they can see some sort of ROI on their investment. I don’t know about the rest of you, but I’m not a big fan of throwing money somewhere that may or may not bring me some sort of value.
My point was people like Greene and others having a discussion about tax deductible and IRS when they’ve made it clear they won’t donate and don’t believe anyone should donate regardless of the tax rules
I know it might matter for some it’s just a little annoying to lean on the IRS and tax deductible or not as an explanation as if it makes a difference to the vocal population on here that hate NIL regardless of those factors
Tax deductible donations don’t give you “value”or “ROI” they just give you a discount on the donation.
If you are paying 50% marginal tax then giving $1mm tax deductible is the same as giving $500k not deductible; obviously you’d rather get twice the bang for your donation but either way you have less money than if you didn’t donate.
I'll just leave this here since trolls like you have memory issues.
Rebuild years | Post Rebuild Years | Overall | |
| 2001-2003 / 2004-2011 | 8-27 | 60-40 | 68-67 |
| 2020-2022 / 2023 -Current | 12-22 | 14-12 | 25-32 |
| Total | 20-49 | 74-52 | 94-101 |
You guys make it so easy to make yourselves look silly.
How do you define rebuild years ? Years he couldn’t win? You invent classifications to support your narrative, LOL.
You know what’s not subjective ? His overall record. He’s here because no other program would hire him.
Programs which aim high don’t suffer .500 very long. He’s an anchor.
Replacing him might not result in more competitiveness, same as with new coaches everywhere, but RU is the only place that tolerates that winning %. Heck, it’s rewarded.
You know what’s not subjective ? His overall record. He’s here because no other program would hire him.
Programs which aim high don’t suffer .500 very long. He’s an anchor.
Replacing him might not result in more competitiveness, same as with new coaches everywhere, but RU is the only place that tolerates that winning %. Heck, it’s rewarded.
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Seems to be the first three years of each tenure, which seems pretty fair to me. I think any coach that takes over a bad program should get a pass for the first few years. There is still plenty you can attack.
It's similar with Pike; people will attack his overall record or conference record counting the first three years.. there is plenty to attack recently; we don't need to blame him for what Eddie Jordan (and the string of failed coaches before him) left behind.
I don’t think anyone factors the first 3-4 years into the criticism of Pike now
He got us to 2 would’ve been 3 some would argue we were screwed out of 4 straight bids… in any case he gets credit for that but having missed the tournament 3 straight years with the most recent being a debacle
Now the seat is deservedly hot as it should be
Truth be told had we put up that record last year which was basically the same as the year prior without ace and Dylan we wouldn’t likely even be discussing hot seat but they took that leap and set the expectations
Most people don't but you still get some people bringing up overall records or overall conference records or "x bids in 9 years" without any allowances for the first 3 years (and in the case of the bids, often while counting 2020 as a year with no bid).