Tuesday, May 14, 2013
Its not like the Astros need good publicity with the way the team is playing.
he Houston Area Women’s Center is reeling from a financial blow after learning their largest fundraiser has been canceled.
The Black Ties and Baseball Caps gala was an annual event at Minute Maid Park put on by the Astros Wives Organization.
The popular gala raised $250,000 for the women’s center in 2012.
An Astros official said the team’s charitable foundation is changing directions and will focus on at-risk youth and youth baseball programs.
Women’s center CEO Rebecca White said losing the money is a huge setback.,..
The Astros Wives Organization has been officially disbanded.
Sunday, March 31, 2013
Using guidelines set by nonprofit watchdogs Charity Navigator, the Better Business Bureau and the National Committee for Responsive Philanthropy, “Outside the Lines” found that 74 percent of the nonprofits fell short of one or more acceptable nonprofit operating standards. The standards cover all sorts of aspects, such as how much money a nonprofit actually spends on charitable work as opposed to administrative expenses and whether there are enough board members overseeing the organization.
Among the “Outside the Lines” findings:
• Many athlete charities fail the effectiveness test for a variety of reasons, ranging from the deceptive and unethical—if not illegal—to the simply neglectful and ignorant. Some athletes set up foundations as tax-planning vehicles. Others dispute the nonprofit standards overall, saying as long as they spend at least some money on actual charity they should not be criticized.
• In many cases, OTL had a hard time measuring a charity’s actual effectiveness because it was behind on filing its IRS tax returns or the returns were filled with errors and omissions. Problems can go unnoticed for years as the main agencies that oversee charities—the Internal Revenue Service and states’ attorney general offices—don’t audit every return.
• Even though the athlete charities often are named in honor of wealthy sports icons, only about a third of them had total assets of $500,000 or more. Multimillion-dollar charities that actually run programs, such as those founded by Tiger Woods, Lance Armstrong, Andre Agassi and Richard and Kyle Petty, are rare. ...
Yankees third baseman Alex Rodriguez—who signed a record-breaking $275 million contract in 2007—also had two foundations. Much like [Randy] Moss’ charities, both seem to have fizzled. It’s hard to tell exactly what happened because neither foundation has filed a tax return since 2006, prompting the IRS in 2011 to revoke their tax-exempt statuses.
One of the foundations reported earning $368,000 from a fundraiser in 2006. It gave $5,000 to a scholarship fund and $90 to a Miami-area Little League. That year, it had about $300,000 left after myriad expenses, and it’s unclear where that money went, even though the IRS has specific rules about what is supposed to happen to funds leftover in a foundation that decides to shut down.
The ballplayer’s website lists a number of donations, totaling in the millions, that Rodriguez has made directly to other nonprofits, including the University of Miami, and a partnership he has with the Boys and Girls Clubs of Miami-Dade County. But it doesn’t say what happened to either of the foundations started in his name. Multiple calls to Rodriguez’s business manager and agent were not returned.
Monday, February 25, 2013
A decent read, if only scratching the surface of the issue. I’ve always been curious just how much money raised goes to charities directly, versus going to fund activities which in turn help the charity, versus going to fund “administrative costs”.
In some cases athlete charitable foundations are accomplishing a lot, sometimes after very non-productive starts. In other cases, calling them charities is being… er, charitable.
...just 37 cents of every dollar raised by the Josh Beckett Foundation went toward its mission to “improve the health and well-being of children.” That’s far less than the 65 to 75 cents that nonprofit specialists say is an acceptable minimum.
In fact, many nonprofits that help burnish the reputations of pro athletes fall well short of those standards, the Globe review found. Among the 50 nonprofits examined, nearly half spent less than 65 percent of revenues on charitable programs and donations.
A foundation started by New York Yankees third baseman Alex Rodriguez gave only 1 percent of proceeds to charity during its first year of operation in 2006, then stopped submitting mandatory financial reports to the IRS and was stripped of its tax-exempt status. Yet the group’s website still tells visitors the A-Rod Family Foundation is a nonprofit organization.
for his generous support.
You must be logged in to view your Bookmarks.
: Perry: Hawk Harrelson reacts to blown call by Angel Hernandez
(4 - 11:04am, May 25)
Last: Walks Clog Up the BasesNewsblog
: Paul Daugherty: Old-v-New schools of thought
(36 - 11:01am, May 25)
: SI: Alex Sanabia : I didn't know spitter was against rules
(3 - 10:58am, May 25)
Last: SoSH U at workNewsblog
: Manny Machado equals Ty Cobb in win over Jays
(2 - 10:48am, May 25)
: Tangotiger Blog: Ensberg and Tango speak on being locked-in
(75 - 10:43am, May 25)
: [OTP-May] Politico: Congressional baseball game, May 1, 1926
(4437 - 10:32am, May 25)Last:
: OT: The Soccer Thread, May 2013
(1170 - 10:20am, May 25)Last:
Shooty is in the Trust TreeNewsblog
: Marchman: Why Even Have Baseball's Draft?
(15 - 9:19am, May 25)
Last: Swedish ChefNewsblog
: Davey Johnson says he won't shave until Nationals start hitting
(3 - 9:06am, May 25)
: Plaschke: Don Mattingly shows fire, but his flame is flickering with Dodgers
(1 - 9:05am, May 25)
: Fox Sports: McLouth catch earns thrown beverage
(15 - 9:00am, May 25)
Last: Joe Bivens, Minor GeniusNewsblog
: Richie Ashburn’s Widow in Tears Over His Endangered Gladwyne Grave
(30 - 8:30am, May 25)
: LATimes: Microsoft unveils new Xbox One console
(40 - 7:09am, May 25)
: HHS: Autin: Miguel Cabrera to the max
(33 - 6:54am, May 25)
Last: RMc and His Roster of RubbishNewsblog
: Curtis Granderson has fractured left pinky finger
(13 - 6:51am, May 25)
Last: Matt Waters