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IRS Challenges Charitable Status of NIL Collectives, Casting Doubt on Donations to Support College Athletes | Kohrman Jackson & Krantz LLP

Is it charitable to donate to a group that facilitates opportunities for athletes at a particular college? The IRS thinks not. In a recent memo released from the office of the IRS Chief...
Charlie Baker Gary Marcinick Founder Of Cohesion Foundation Ohio State University Cohesion Foundation Internal Revenue Code

Ohio State-related NIL collective The 1870 Society launches as for-profit operation

COLUMBUS, Ohio (COLUMBUS BUSINESS FIRST) — A new Ohio State University name, image and likeness collective launches Wednesday, adding to the pool of organizations trying to maximize opportunities for athletes to benefit from new NCAA policies. The 1870 Society, a for-profit organization, will operate in a slightly different model from the city’s two other NIL […]
United States Ohio State University Cohesion Foundation
Source: nbc4i.com

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