The day Nico Iamaleava's NIL contract dispute broke, UCLA got $60,000 from donors. But the school didn't have them send the money to its collective, Bruins for Life. Instead, it had them give it to a local charity for at-risk youth. Which is run by the founder of Bruins for Life.
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foiaball.comHow UCLA used a friendly charity to get tax-free NIL moneyThe school sent donors to a 501c3, but flagged the money for its football team.
In emails, UCLA officials repeatedly steered donors toward his charity, Shelter 37, which works to help at-risk youth in Los Angeles. UCLA officials then emailed Washington to let him know money was on the way.
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Multiple tax experts who spoke with FOIAball called the effort outright tax fraud. When sent the documents, one simply wrote back, "Woof." There's a whole, whole, whole lot more in the story. Give it a read now at FOIAball. www.foiaball.com/p/ucla-nil-c...
foiaball.comHow UCLA used a friendly charity to get tax-free NIL moneyThe school sent donors to a 501c3, but flagged the money for its football team.