Daily Fantasy Sports Returns To New York Bills Officially Announce New Era Deal DraftKings Changes To Comply With Regulations Rodgers Blames NFL For Athletes' Lack Of Voice Bills, New Era Ink Naming-Rights Deal NJ Sports Betting Takes Another Legal Hit New York Signs DFS Bill Into Law NFL Players' Activism Behind NBAers? Seahawks' Bennett Calls Out NFLers Over Social Issues Missouri Lawmakers Set Regulations For DFS
THE GIVING BACK FUND EYES MORE PHILANTHROPIC ATHLETES
Published December 16, 1998
The Giving Back Fund, a non-profit group that manages independent funds and foundations for celebrity athletes, was profiled by Brian Meyer of the BUFFALO NEWS. Bills QB Doug Flutie works with the MA-based group to oversee his charity, the Doug Flutie Jr. Foundation for Autism. Flutie: "It's a great opportunity for athletes who don't have the time or wherewithal to set up their own foundations." The organization, which offers no excise tax, charges maintenance fees of 2-3% and will "create donor-advised funds for anyone who can contribute $500,000." The Giving Back Fund President Marc Pollick said he would like to increase the Fund's $4.5M in assets to $20M by the end of 2001. He has partnered with seven private sector companies including Bank-Boston and Ernst & Young. The organization has also been granted tax-exempt status as a full-service public charity in all 50 states. Pollick hopes to work with other sports figures in the future (BUFFALO NEWS, 12/15).