Submitted 2 days ago by Patnou@lemmy.world to [deleted]
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.
Let’s assume you’re not pissing off the IRS in some way.
Illegal? No. Against NCAA rules? Maybe.
Calling it a charity may be illiegal if its not registered. Maybe you want your own PAC where people could donate.
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.
Do your initials happen to be NCAA?
No but time to time you hear about Athelets betting on games or Pete Rosing it. What would stop a player from setting up a so called charity and take the donations go to a bookie throw a game or two. Reap all the winnings? How would anyone find out unless said athelete told someone? Basically getting paid to play through a charity that was setup by her or him people make donations like to schools but just to charity? I think the NCAA would not be able to do anything sinces its out of their perview?
Zwuzelmaus@feddit.org 2 days ago
Fraud, because you called it a charity
Battle_Masker@lemmy.blahaj.zone 1 day ago
Wouldn’t that still be money laundering?
One_Honest_Dude@lemmy.world 1 day ago
Money laundering is falsifying financial info to disguise the source of the money. People are allowed to give you money and you are allowed to take it, as long as you report accurately and pay taxes it’s fine. Where you might run into trouble is the school or people/orgs attached to the school giving you money on the condition of you going out staying there. Basically the money has to be donated without any agreements being made and it would be fine. As I understand things, I am not an expert or even particularly knowledgeable, but you ask strangers on the Internet and you get what you get 🤣
Patnou@lemmy.world 2 days ago
Yea but I thought college players couldn’t get money or gifts to pick a certain school or team? Kind like Pay 2 Play