A-Rod Adds to Legacy: His Charities Keep all the Money

[HARLEM AL]

It's uncanny. I figured it might be a Reggie/Thurman situation, but it has turned out to be Kobe/T-Mac, or maybe something even sadder. About to start calling this flabby & sick insufferable fakkit A-Rod Bridges.

It's what he does best.





HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

Son you a got dam fool...

 

[Techniec]

shyt, in general, there are many more bogus charities than legit ones.

Scapegoat Alex again tho? Great.

No wonder he and Jay-Z are such good friends. Neither one of them are the philanthropic type.

@ $90 to a little league team tho. What's that, a donation to pay for 1 kid's registration & a pair of cleats?

 

[Listen]

Heres the full article.

In nonprofit game, many athletes post losing records - Business - The Boston Globe

Damn@Alex Smith raising almost 900k and giving over 91% to charity, while Josh Becketts fat ass pays a boyhood friend 50 Gs a year to set up his knce a year bowling charity.

 

[Rekkapryde]

krama is getting to him now

will never break the record
will never get in the hall
will go down as the worst contract in sports history

fukk him and hope he dies a slow painful death

Yet all that money he makes is guaranteed....so he STILL


ITWAN indeed. Now he does get shyt on viciously, but it would be SUPER incredible if he was black.

 

[GetSomeMoney]

"When it rains.....nikkas get wet."


Not a good year for ARod. lol

Dude is worth 300 million and as of right now is still gonna get 30 million this year, he's not gonna have a bad year anytime soon

 

[Da_Eggman]

Yet all that money he makes is guaranteed....so he STILL


ITWAN indeed. Now he does get shyt on viciously, but it would be SUPER incredible if he was black.

i bet he ends up going bankrupt some how

 

[Grifter]

Took them to Chuck E Cheeses and gave each kid a handful of tokens.

 

[DStyles]

I put dollars on mine, ask Columbine
When the Twin Towers dropped, I was the first in line
Donating proceeds off every ticket sold
When I was out on the road, that's how you judge Hov, no?













Nas won

But Nas can't even donate cause all his paycheck are going to:

Spoiler

 

[Listen]

In some cases, it is difficult to gauge a nonprofit’s true impact. The Roger Clemens Foundation records the sum of its charitable contributions on IRS filings based on the “fair market value” of tickets and memorabilia donated to charity auctions, instead of the prices at which the items sold.

When the the seven-time Cy Young Award-winning pitcher’s foundation gave an autographed Red Sox jersey to the Cystic Fibrosis Foundation in March 2011, for instance, Clemens’s nonprofit reported a charitable contribution of $2,000 — what his memorabilia partner, Tristar Productions Inc., considered to be the jersey’s fair market value — even though the sale yielded only $1,000 for the Cystic Fibrosis Foundation.

More often, athletes’ foundations continue to struggle, even as the players are celebrated for their perceived giving.

Boldin’s nonprofit raised $53,005 at its annual Q-Festival in 2010 — the foundation’s sixth year in existence — but spent $46,879 staging the three-day event, which included a golf tournament at the PGA National Resort & Spa in Palm Beach Gardens, Fla.

Though just 17 percent of the foundation’s proceeds went to charity that year, Boldin, who sponsors and supports a number of charitable activities in the Baltimore community, won the Ravens’ Walter Payton Man of the Year Award, an honor for good works he received again this past season. Neither Boldin’s agent nor a person listed as the Anquan Boldin Foundation’s principal contact responded to e-mailed questions or to requests to interview Boldin.

Sports fans share some of the blame for the shortcomings of athletes’ foundations, suggested Mark S. Rosentraub, codirector of the Michigan Center for Sport Management and a faculty affiliate of the Nonprofit and Public Management Center at the University of Michigan. Rosentraub said athletes feel burdened by a societal expectation that they — blessed to make millions playing games — will “give back” by starting foundations they may be ill-equipped to lead.

“I’m not sure why we expect them to be that different from everyone else,” he said.

Winning formulas

While many athletes struggle to make a difference through their nonprofits, others succeed by simplifying fund-raising efforts, being generous with their own money, or hiring a professional staff. Here are three who put those principles into practice:

Athlete: San Francisco 49ers quarterback Alex Smith

Nonprofit: Alex Smith Foundation

Mission: Helping foster teens attend college and transition to adulthood

Funds raised 2008-10: $839,244

Percent to charitable causes: 91

Why it works: Smith eschews expensive fundraisers in favor of free ones, like a mustache fund-raiser in which supporters found people to sponsor their facial hair.

Athlete: New York Knicks forward Carmelo Anthony

Nonprofit: Carmelo Anthony Foundation

Mission: Education and recreation

Funds raised 2008-10: $3.3 million

Percent to charitable causes: 87

Why it works: Most of the foundation’s money comes from Anthony or his company, Melo Enterprises Inc. The All-Star’s personal generosity ($2.9 million between 2008 and 2010) keeps fund-raising costs down.

Athlete: Retired quarterback/ESPN analyst Steve Young

Nonprofit: Forever Young Foundation for Children

Mission: Academic, athletic, and therapeutic support for children facing physical, emotional, and financial challenges

Funds raised 2008-10: $6.2 million

Percent to charitable causes: 75

Why it works: Young’s foundation pays a six-figure salary to its president. But for its investment in professional leadership, the nonprofit gets prolific and efficient fund-raising in return. In 2010, for instance, four special events raised $946,485 and cost just $229,772. SOURCE: IRS filings