Using the Whole Whale - A Nonprofit Podcast
Business:Non-Profit
Concerns have been raised regarding the future of the nonprofit PGA Tour following its proposed merger with for-profit LIV Golf, supported by Saudi Arabia’s Public Investment Fund, as reported by The Nonprofit Times and The Washington Post. Despite its intentions to maintain its nonprofit status, this proposed merger has led to an inquiry from the U.S. Senate into potential indirect benefits for a foreign government from U.S. tax provisions designed for nonprofits. H.R. 3908, or the No Corporate Tax Exemption for Professional Sports Act, was introduced by Rep. John Garamendi (D-California) to exclude such organizations from tax-exempt status in the future, as reported by The Nonprofit Times. The PGA Tour, a 501(c)(6) organization, primarily serves its member's benefits, generating a revenue of $1.6 billion in 2021 against liabilities of $3.3 billion, with a notable share going toward player payouts and charity. The proposed merger aims to "unify the game of golf" globally by creating a new commercial entity encompassing the golf-related businesses of both the PGA Tour and the PIF, including LIV. However, the precise impact on the nonprofit's operations remains uncertain, particularly given the substantial investment promised by the PIF, even though the PGA Tour is set to appoint the majority of the new entity's board, with its current commissioner, Jay Monahan, expected to become the CEO. Overarching concerns about the merger raise serious questions about the susceptibility of American and other international sports leagues to sport-swashing efforts by countries with poor human rights records.
Summary
213: (news)GoFundMe Charity shutting down, CEOs resigned and removed
212: (news) Abuse At Homeless Shelter, Racketeering, and Puppy Bowl helps shelters
211: (news) Nonprofit Job losses, Giving Blck and Money making mittens
210: Human-centered Design - teenyBIG
209: Giving Tuesday results, Coercive Control language - NonprofitNewsFeed.com
208: How to Make Meaningful Media Content - FirstStage.org
207: Flexible Work and Job Sharing Strategy - Marathon Kids
206: The V-Shaped Volunteering Outlook - VolunteerMatch
205: Building Small Homes for the Holidays - Smalltimore Homes
204: Spotify Ideas for Social Impact
Whole Whale Holiday Playlist
203: Hiring Robots to Write Donor Letters - Addressable
202: Donor Thank You Ideas
201: Creativity: The Key to a Remarkable Life - Author Interview
200: What is coming in 2021 for Nonprofits?
199: BUILDING SMART NONPROFITS: A Roadmap For Mission Success - Author Interview
198: The Philanthropy Revolution - Author Interview
197: Is Your Nonprofit Getting to the Damn Point?
196: Is a full MBA worth it? Talking through the options
195: Giving Tuesday Tips and Predictions for 2020
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