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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).