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Syracuse Athletics
Syracuse Men's Basketball Board
IRS Says Donations Made to Nonprofit NIL Collectives Are Not Tax Exempt
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[QUOTE="Orangezoo, post: 4687687, member: 237"] The private sector would need to carry enough return which challenges affordability further. So whether they charge much more to do so, subsidize it and give way to charging more for other products and services or have to receive massive tax breaks( effectively creating the same scenario as a non-profit), you end up landing back where you started. The private sector already does commit a lot of philanthropic grant money as it is even though they could certainly do more. That though is at the mercy of share holders etc. Countries with poor education, Healthcare etc are riddled with lack of funding for those services often because it's private, govt or bust. Private doesn't see the benefit and govt doesn't have the resources. Thus the non profit model services an important purpose. It's far from perfect and no doubt there is abuse- especially when it comes to religious and politically affiliated non profits. [/QUOTE]
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IRS Says Donations Made to Nonprofit NIL Collectives Are Not Tax Exempt
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