[ Post a Response | Long Beach State Sports ]
For anyone who wants a longer read of a legal opinion of NIL...
https://www.alston.com/en/insights/publications/2023/10/the-irss-latest-play-on-nil-collectives#:~:text=Many%20NIL%20collectives%20are%20formed,of%20the%20Internal%20Revenue%20Code. 
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NIL is being heavily scrutinized. The collectives are setup as non-profit. IRS had a recent memo saying they will be questioning that. In short, they are operating almost exclusively to benefit the student athlete financially, and any non profit fundraising aspect is coincidental and not central to their purpose.
This is the consequence of the university no longer receiving the funds for the student athlete directly. The university is an accepted non-profit and the cost of living and stipend was easily attributed to the experience of attending the educational pursuit. NIL is solely for the athlete to spend, so any entity fundraising for that purpose cannot be non profit. Previous Message
DPitts. That is a good question. Even if it is donations to LBSU athletes will in no way be enough to retain athletes. There are many other benefits power 5 schools have that LBSU cannot compete with.
I will donate to the school athletic programs at LBSU. I will not donate to NIL. In the Long run NIL benefits will only benefit athletes at the Power 5 schools. It may benefit some mid majors with large income sources.
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on 7/31/2024, 3:20 pm, in reply to "