A charity even worse than NSAL

[zerokarma]

Alex Rodriguez’s charity gave only 1 percent of donations to charitable causes
http://sports.yahoo.com/blogs/mlb-bi...6184--mlb.html

Alex Rodriguez' woes continue. A new Boston Globe review of IRS filings by more than 50 athletes found that the charity established by Rodriguez, as well as those by other notable players, gave far less than the expected percentage of their income to actual charitable causes.

Nonprofits are generally expected to donate 65 to 75 percent of their revenues to charitable causes, with the remainder going to pay whatever expenses and, if necessary, salaries of nonprofit employees. But according to the Globe, nearly half of the 50 athletes' foundations reviewed fell below that line.

Rodriguez was not the only athlete whose foundation failed to meet acceptable giving rules, but his was certainly one of the most notorious misses. In 2006, Rodriguez teamed with Jay-Z for a charity poker tournament that helped the A-Rod Family Foundation raise $403,862. (Final reported records often differ from the "big check" as posted above because of facility use and similar expenses.)

However, the IRS reported that barely 1 percent of that total reached charities: $5,000 to Jay-Z's Shawn Carter Scholarship Fund and $90 — yes, ninety dollars — to a Little League baseball team in Miami. The organization then stopped submitting financial reports to the IRS, and was subsequently stripped of its tax-exempt status.

[RumBalls]

Look at Jay Z. What kind of asshole wears 2 watches at the same time?

[Teeney]

Arod needs to do a calendar

[knu3421]

A-ROD is an asshole!

[killallposers]

Look at Jay Z. What kind of asshole wears 2 watches at the same time?

an asshole who is also a fucking idiot.

[Murcielago]

I'm just glad Douche-Rod is having a horrible ending to his career. Didn't last long enough to break any major records and his best years are tainted by PEDs, he'll be remembered in the same class as Bonds, McGuire and Sosa.

Would be interesting to see how many friends and family memebers he has 'working' for his foundation.

[BethSucks]

That's nothing, the Beth Stern Photographic Arts Foundation just made a grant to replace a snow damaged bikini.

[knu3421]

Arod sucks ass in october!

[schnauzer]

Look at Jay Z. What kind of asshole wears 2 watches at the same time?

The kind that wears sunglasses at night

[knu3421]

corey hart does ^

[jimbronie]

Look at Jay Z. What kind of asshole wears 2 watches at the same time?

One is the correct time. The other is CPT.

[racerx]

i wish they would tax charities. then lower everyone else's taxes until its equal. do that with all deductions

[j shmuck]

I always felt A-Rod was a phony douchebag.

[MrWarmth]

One is the correct time. The other is CPT.

And both were stolen

[GIRLY]

Look at Jay Z. What kind of asshole wears 2 watches at the same time?

[FSFN]

I have yet to figure out why people think gay-z and his wigged wife have any talent.

[renchfrieswith]

Alex Rodriguez’s charity gave only 1 percent of donations to charitable causes
http://sports.yahoo.com/blogs/mlb-bi...6184--mlb.html

Alex Rodriguez' woes continue. A new Boston Globe review of IRS filings by more than 50 athletes found that the charity established by Rodriguez, as well as those by other notable players, gave far less than the expected percentage of their income to actual charitable causes.

Nonprofits are generally expected to donate 65 to 75 percent of their revenues to charitable causes, with the remainder going to pay whatever expenses and, if necessary, salaries of nonprofit employees. But according to the Globe, nearly half of the 50 athletes' foundations reviewed fell below that line.

Rodriguez was not the only athlete whose foundation failed to meet acceptable giving rules, but his was certainly one of the most notorious misses. In 2006, Rodriguez teamed with Jay-Z for a charity poker tournament that helped the A-Rod Family Foundation raise $403,862. (Final reported records often differ from the "big check" as posted above because of facility use and similar expenses.)

However, the IRS reported that barely 1 percent of that total reached charities: $5,000 to Jay-Z's Shawn Carter Scholarship Fund and $90 — yes, ninety dollars — to a Little League baseball team in Miami. The organization then stopped submitting financial reports to the IRS, and was subsequently stripped of its tax-exempt status.

That's fucking hilarious. I always find this kind of shit funny as fuck.

[Obi Drunkenobe]

I heard about this on the radio today. Thought it was hilarious that a Boston newspaper dug up this dirt on a Yankee player.

[Murcielago]

Wonder how long it will take this knob to realize his 'stylist' is playing a series of practical jokes on him.

[Beth143nacho]

Look at Jay Z. What kind of asshole wears 2 watches at the same time?

A nigger