Wednesday, March 17, 2010

Should USOC Be Tax-Exempt?

An interesting article in the Christian Science Monitor questions whether the US Olympic Committee should enjoy tax-exempt status under 501(c)(3).  What struck me about this commentary is how similar the points made here are to those made by reformers for college athletics: that the programs are no longer "amateur" athletics at all, but rather big time entertainment fueled in large part by TV revenues.  I also was particularly interested in the authors' comment that USOC gets little in the way of individual donations, since I have long championed a test for tax exemption that would require an organization to show that it was "substantially" funded by donations (Mark Hall, now at Wake Forest, and I proposed one-third of annual revenues from donations) in order to be tax-exempt.


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