Boston Globe: Tom Brady Uses a Charity For The Disabled To Fund His Own Personal Charity
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I AM WARHOL
Veteran
So Brady has helped this charity raise 46.5 million dollars and the charity has given him 3.25 million that he uses to fund his own charity that donates to charities of his choice?
I'm not getting the problem here
I'm not getting the problem here
Dame Dash's Motor Oil
Not From Harlem
Man how did he become such a shytty person?
It seems like we cracked the case
It seems like we cracked the case
Wargames
One Of The Last Real Ones To Do It
Exactly
As much as this is a scum bag move it's not illegal and if they have a good enough lawyer most celebrity, CEO's, and Politicians do this. The really sneaky ones also pay themselves a mid range to large salary on top of this: Why do you think so many of rich people have charities? Because they want to help people? Nah Brehs, it's just another hustle to get over.
Where Tom fukked up is I think to avoid taxes he had "Best Buddies" pay him for his assistance by giving grants to his non profit and then used it as sort of a slush fund. It would of been better if he had aligned his nonprofit more with the nonprofit goals of "Best Buddies" and been more open about the relationship.
Him basically flipping their Grant money into grants for other organizations "as favors" isn't illegal but it's shady.
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I AM WARHOL
Veteran
Man how did he become such a shytty person?
It seems like we cracked the case
He's helped raise over 45 million dollars for the intellectually and developmentally disabled people but he's a shytty person?The coli.com
Lance Armstrong is a piece of shyt, too.
The coli.com
Wargames
One Of The Last Real Ones To Do It
So Brady has helped this charity raise 46.5 million dollars and the charity has given him 3.25 million that he uses to fund his own charity that donates to charities of his choice?
I'm not getting the problem here
Let's say you donated to Best Buddies because you believe in their cause. You see Tom Brady there and he's volunteering his time (and probably writing it off on taxes somehow) and he convinces you that they got a great cause helping people with disabilities so you donate 50,000. After say 20 mil is raised they give Toms non profit (that had no real stated goals but fundraising for good causes Brady chooses) with 2-3 mil without telling any of the Doners.
Tom then decides the ritzy school his kids go to (or want to go to) can use a new library. He doesn't pay for that out of his money. He takes the money Best Buddies gave to his organization (that people gave to the Best Buddies organization to help disabled people) and donates that money instead (while probably writing it off on his taxes somehow again). Now he gets the benefits in his life for funding the building of that library and he did it with money that was suppose to help disabled people.
So now Brady looks like this great guy. On the surface it looks like he is doing charity work to help disabled people, and donating to organizations in his community (or that serve his family) for a foundation he runs (and people probably assume he funds out of pocket) However, he hasn't paid a penny. In fact he took money away from disabled people, to make it look like he did good. Even if the organization had paid him for his services. He would of been taxed for it, so on top of that this is letting him avoid paying taxes.
With all that said tons of celebrities do this. A few actually care about a cause but the majority use these tax exempt organizations for shady things like this.
It's the American way
I AM WARHOL
Veteran
Only problem i see is people being mad at the charities his trust donates too. It is not illegal and not a rare occurrence for charities to pay celebrities for public support. At least in this case the charity is giving back to Toms charity. Its just that people dont like the sources his trust chooses to donate to.Let's say you donated to Best Buddies because you believe in their cause. You see Tom Brady there and he's volunteering his time (and probably writing it off on taxes somehow) and he convinces you that they got a great cause helping people with disabilities so you donate 50,000. After say 20 mil is raised they his Toms non profit (that had no real stated goals but fundraising for good causes Brady chooses) with 2-3 mil. Tom then decides the ritzy school his kids go to (or want to go to) can use a new library. He doesn't pay for that out of his money. He takes the money Best Buddies gave to his organization (that people gave to an organization to help disabled people) and donates that money instead (while probably writing it off on his taxes somehow again).
So now Brady looks like this great guy. On the surface it looks like he is do charity work to help disabled people, and donating to organizations in his community (or that serve his family). However, he hasn't paid a penny. In fact he took money away from disabled people, to make it look like he did good. Even if the organization had paid him for his services. He would of been taxed for it, so on top of that this is letting him avoid paying taxes.
With all that said tons of celebrities do this. A few actually cause about a causebbut the majority use these tax exempt organizations for shady things like this.
I AM WARHOL
Veteran
His trust donated to OSUTypical scUM behavior
.
Ohio State University received a $50,000 donation in honor of Ed Razek, a former Victoria’s Secret executive who is said to have helped launch Brady’s romance with Bundchen by setting them up in 2006.
Tony D'Amato
It's all about the inches
Time to bring down the New England Mafia. Build a RICO case against Kraft. It starts @ the top
Wargames
One Of The Last Real Ones To Do It
Basically if he ran this and focused on helping causes for disabled people (and occasionally slipped a library in) it wouldn't be an issue.
Or
If he just took payment from the nonprofit and paid taxes on it. He could do whatever he wanted with the money. Though it likely would be a lot less than 2 mil because that is A LOT to justify to pay anyone in the non profit world and would be a scandal in its own right.
It's not illegal but it's shady and as others said a scumbag move.
Nope scUM gonna scUM :LarryscUM:
