Congress Reviewing Sports Gambling Laws Bills Keep Training Camp At St. John Fisher College Sports Teams Hold Increased Number of Pride Nights Sources: Pegulas Suggest Greg Roman's Firing Obama Says Kaepernick Within His Right S.F. Police Union Challenges Kaepernick Bills Post Second-Best Season-Ticket Sales Mark Kaepernick Raising Stakes For Other Athletes? Kaepernick To Continue Anthem Protest Kaepernick's Protest Draws Mix Of Reactions
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).