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re: "Anonymous donor" adding their own personal $1 million match to what CBK is donating
Posted on 12/18/24 at 12:48 pm to SligoTiger
Posted on 12/18/24 at 12:48 pm to SligoTiger
Lol. There's no frickin telling where that money came from. Let's just be honest.
This post was edited on 12/18/24 at 12:49 pm
0
Posted on 12/18/24 at 1:28 pm to BilbeauTBaggins
I’m just trying to wrap my head around how much money a person actually has to have to be okay with donating it to a football team collective 
Motherfricker I suck at life
Motherfricker I suck at life
Posted on 12/18/24 at 1:34 pm to TIGERsinceCONCEPTION
quote:
I can’t offer much - but my love for LSU Football and the hope of maintaining the standard I’ve been blessed to watch develop brings me a hell of a lot more joy than an overpriced lunch during the workweek, a coffee or smoothie stop, etc. I’ll gladly give some of those up every now and then
You’re doing more than 95% of the bitchers and cryers are doing.
Posted on 12/18/24 at 2:00 pm to BilbeauTBaggins
Prob BK again
Posted on 12/19/24 at 7:32 am to FireGoodell
Didn't know a head coach could donate NIL $$ to his own program? CBK donated $1 million? Assume this is within the NIL laws of the state and NCAA rules. Never heard of head coach doing this.
This post was edited on 12/19/24 at 8:30 am
Posted on 12/19/24 at 8:16 am to Topwater Trout
quote:
neither would do it anonymously..
You sweet summer child, you have absolutely no idea of the untold millions in funding Shaq has provided to LSU anonymously. Every once in awhile something will leak but you'll never hear it from Shaq himself or those close to him. I seriously doubt that anyone apart from Shaq himself, and the recipient departments, know the actual amount in total that he has donated to LSU. Hell, the last few Mikes have enjoyed a very nice habitat that was largely funded by Shaq, and that's only the tip of the iceberg.
Posted on 12/19/24 at 8:20 am to Swamp Angel
The Cox Auditorium was funded by Shaq. Around $20mm many years ago to get it up. It also serves as the student athlete academic center.
Posted on 12/19/24 at 8:28 am to BilbeauTBaggins
quote:
The Cox Auditorium was funded by Shaq. Around $20mm
how much did Shaq donate?
Look Shaq has a history of being very generous but to say he does a ton anonymously is based on what exactly? if it was anonymous how would you or anyone else know he does a lot anonymously
Posted on 12/19/24 at 8:33 am to Swamp Angel
quote:
you have absolutely no idea of the untold millions in funding Shaq has provided to LSU anonymously.
and you do? if they were anonymous how would you know
quote:
enjoyed a very nice habitat that was largely funded by Shaq,
i call bullshite...the public donated most of the money...so tell me how much Shaq donated
Posted on 12/19/24 at 8:44 am to Handsome Pete
quote:
Not if it's going to NIL
No write-off as a business "expense"?
Posted on 12/19/24 at 9:13 am to Topwater Trout
quote:
if they were anonymous how would you know
Shaq has always kept his donations either anonymous or with a note to not publicize them. That's not to say people who knew didn't let it slip once in awhile. As for the dollar amount provided by Shaq for Mike's habitat, I don't know. I do know, however, that he covered the shortfall in funding that wasn't reached by public and alumni donations.
Other successful and prominent LSU athletes have provided significant funding for LSU as well, but Shaquille has always been low key about it while being one of the most generous donors.
Posted on 12/19/24 at 9:20 am to BilbeauTBaggins
quote:
Just got this email from LSU. Any guesses as to who that would be?
Portnoy feeling bad?
Posted on 12/19/24 at 9:24 am to BilbeauTBaggins
quote:
The Cox Auditorium was funded by Shaq. Around $20mm many years ago to get it up. It also serves as the student athlete academic center.
quote:
Richard Manship, longtime Tiger football booster and CEO of Capital City Press and WBRZ-TV, lead the fundraising for the massive project.
Manship, along with the Tiger Athletic Foundation, put together the Academic Center Development Council who was in charge of locating donors, including themselves. Together with a $5.5 million donation by Cox Communications, more than $14 million was donated by private contributors and supporters of LSU Athletics.
Posted on 12/19/24 at 9:35 am to BayouBaw84
quote:
NIL should not be a tax write off. I’m not sure if it is or it ain’t.
If the organization is setup as a 501(c)(3), it can be a tax write-off. For it to be a legit organization, that organization cannot technically spend more than 30% of it as paying student athletes. However, until IRS comes cracking down some of these establishments, things will be in the grey.
From the IRS:
The exempt purposes set forth in section 501(c)(3) are charitable, religious, educational, scientific, literary, testing for public safety, fostering national or international amateur sports competition, and preventing cruelty to children or animals.)
Here's an excerpt about the type of NIL collectives.
"More than 120 “NIL collectives” have been established in the U.S., many of them as tax-exempt 501(c)(3) nonprofit organizations"
If a business directly pays the athlete and receives a service back, it can be a marketing expense.
In my research, my understanding is that companies/individuals "donating" are writing it off, either way.
This post was edited on 12/19/24 at 9:38 am
Posted on 12/19/24 at 9:39 am to Swamp Angel
quote:
Other successful and prominent LSU athletes have provided significant funding for LSU as well, but Shaquille has always been low key about it while being one of the most generous donors.
As far as ex LSU athletes he is probably the wealthiest and yes I agree he is very charitable to the university and many other causes. His philanthropy isn't a surprise.
I did word my response wrong in saying "neither would do it anonymously" I should have said "I doubt they would do it anonymously".... Tyrann's net worth isn't even close to Shaq's so I doubt he would donate that much...just my opinion.
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