If I was a college athlete instead of accepting money out right. If I created a charity where they could "donate", and keep all the money? Is this illegal or illegal how so?

Comments

• Zwuzelmaus@feddit.org ⁨16⁩ ⁨minutes⁩ ago

  Fraud, because you called it a charity

  source
• IWW4@lemmy.zip ⁨1⁩ ⁨hour⁩ ago

  Completely legal.

  source
• just_another_person@lemmy.world ⁨1⁩ ⁨hour⁩ ago

  Do your initials happen to be NCAA?

  source
• etchinghillside@reddthat.com ⁨3⁩ ⁨hours⁩ ago

  Let’s assume you’re not pissing off the IRS in some way.

  Illegal? No. Against NCAA rules? Maybe.

  source
• Rhynoplaz@lemmy.world ⁨2⁩ ⁨hours⁩ ago

  A charity implies your giving out to someone else. I’d stick with an honest gofundme that explains that the money is for your personal use.

  Even then, I don’t think the school is going to be willing to “donate” to it in order to avoid illegally paying you directly.

  source
• lemmie689@lemmy.sdf.org ⁨3⁩ ⁨hours⁩ ago

  Calling it a charity may be illiegal if its not registered. Maybe you want your own PAC where people could donate.

  source

  • adespoton@lemmy.ca ⁨2⁩ ⁨hours⁩ ago

    That’s the way; study political science in university and set up a PAC towards your election for some far off date. Have anyone interested donate to the PAC, and then spend years trying to get elected after you graduate, using those funds for your campaign — many different types of activities can count as campaigning.

    source