Our Mission PDF Print E-mail

 

We believe that long before players became professional athletes they were people who’ve cared and had the desire to share the fruits of their success with others less fortunate. We see evolving veterans and budding new age athletes that are social entrepreneurs – strategically combining business perspectives with charitable goals in a form of double bottom line.

Accordingly, the Center facilitates the creation and effective use of charitable foundations owned by the professional player. Of particular focus is the pooling of player foundation funds to have transformative effects for entire urban areas (e.g. dialysis machines, health care funding to reduce infant mortality, funding development of educational software for our youth, etc.).

 

 
Required Forms for Foundations Now Available Online!! PDF Print E-mail

 

Charitable organizations, including the foundations most used by professional athletes, are required to Forms 990 or 990 E-Z. Those forms have just been made available online for the tax year at: http://www.irs.gov/charities/article/0,,id=233830,00.html

If your organization makes $25,000 or less, you qualify as a small tax exempt organization and can submit a very user-friendly Form 990-N.

Your organization can file any of these forms online. If there is an undue hardship the IRS may waive the requirement of the electronic filing.

All forms are due on May 15 of every year but you can apply for an extension. To apply for an extension, you can request a 3 month extension by filing a Form 8868.

It is important to file. It is not overly burdensome, and at worst an extension request is worthwhile. Otherwise your organization is subject to a penalty. You may have to pay up to $20 a day for each late day of filing. However, the IRS will not charge you a penalty if you had a good cause for your late filing.

 

 
Packer Fans as the next Super Pac? PDF Print E-mail
Written by roger groves   

 

We are inundated daily with anecdotal evidence that “it’s all about the money.” There seems to be a collective throwing up of hands in surrender, giving up on the notion that people do things for the right reasons, or should I say, people will not do the right thing unless they make money for doing it. In politics, we know the US Supreme Court opened the door to super-sized contributions for political purposes. We throw up our hands and ask whether political action committees have more influence on elections than democratic ideals or the interests of most Americans. In sports, the not-for-profit NCAA and its member institutions is Exhibit A for hypocrisy in the minds of many. In pro sports, team or player loyalty gives way to the common disclaimer: “it’s a business”. So for those of us who are sports idealists, forced by intellectual integrity to be realists, it is important to seize upon evidence to the contrary – that people sometimes choose to actually have non-monetary returns when they spend their own money.

Barely reported in newspapers, radio, television, or social media is the fact that fans of the Green Bay Packers just finished paying $67 million for a stadium renovation. More specifically, they each bought a tiny piece of the team when buying shares of corporation, and the money raised will be used for the renovation. Saliently, each of those who were part of 268,000 shares purchased decided to pay cash without any expectation of receiving more money than they paid as a return on their investment. They were advised that when they buy shares of stock in the Packers they would not receive dividends. There is no expectation of increased appreciation in the shares they purchased. But these new shareholders could transfer stock to family members. That tells us that the value of ownership wasn't in the anticipation of receiving more money than invested. It was not about the money. It was the nonmonetary value that comprised the return – the intangible sense of loyalty, supporting “my” team, and someday giving a piece of what I sentimentally care about to people I love.

 
CSSE Concussion Advice PDF Print E-mail

CSSE has provided information regarding concussions to the neurosurgical community for professional and pre-professional football players. Specifically, the information has involved studies and research findings of two primary concerns: (1) MTBI (Mild Traumatic Brain Injury) and (2) the degenerative brain disease called Chronic Traumatic Encephalopathy (“CTE”). One study alone involved 6 years of player concussions, and nearly 2,000 games.

We disseminate the current NFL protocol for concussion treatment. Additionally, CSSE provides current Congressional bills and select state laws designed to establish standards and protocols that minimize initial injuries or the recurrence of concussions or adverse health effects.

Finally, we have noticed a lack of legal clarity and uniformity on the legal standard of care in treating concussed players. So we are preparing a state of the art and unique legal protocol. This should assist the medical community with its risk assessments when performing services in this area. The enhanced standard should be equally well received by the concussed players who benefit from the increased standard.

 
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