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
175: COVID-19 College Advising | Making the Shift to Digital
174: How to Design an Auction Event
173: COVID-19 Trends & Opportunities
172: Expanding a Business to the EU is Hard - here's why
171: How are donor emails cultivated in the first 45 days?
170: The Unashamed Guide To Virtual Management - Author Ben Bisbee
169: Census in the time of COVID-19
168: Catching Momentum in a Time of Coronavirus -
167: Fundraising in a Time of Uncertainty - Martin Leifeld
166: The Best Way to Contact Congress - advice from Quorum
165: Fixing Flaky Volunteers - Allen Kramer
164: Is Personalized Video Worth the Lift?
163: How to use the Impact Method - Sarah Olivieri
162: The Power of Pillar Pages - Rachel Clemens
161: Don't Worry, Individual Giving is Down - Sherry Quam Taylor
160: From Nonprofit to Elected Office? - Samra Brouk
159: How to Survive in the Nonprofit Software Business - CauseVox
158: Where Tech and Criminal Justice Intersect - Alia Toran-Burrell
157: "Transform Your Board Into a Fundraising Force" - Kay Sprinkel Grace
156: The 9 Nonprofit Trends to Know From 2019 - Cause IQ
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