Thursday, February 7, 2019

U.S. Olympic Committee Responds to Senator Grassley's Challenge to Its Tax-Exempt Status

TeamUSA_MobileIn the wake of the recent sexual assault scandal involving Olympic athletes, Senate Finance Committee Chairman Senator Chuck Grassley sent a letter to the United States Olympic Committee asking for details regarding how the organization would comply with its congressional expanded purpose that now includes providing a safe environment in sports. He based his inquiry on the need for the organization to comply with its purpose in order to maintain its tax exempt status under Internal Revenue Code section 501(c)(3).

The USOC has now responded through the Covington & Burling law firm, detailing its planned activities, which include:

  • Providing $6.2 million to fund the Center for SafeSport in 2019, double the amount of its 2018 support for the Center, and continuing to work with the Center on various initiatives.
  • Surveying athletes regarding USOC's policies, programs, services, and priorities and considering other ways to increase the influence of athletes within the organization.
  • Conducting a governance review focusing on USOC's relationship with the fifty national governing bodies and athletes more generally.
  • Continuing with proceedings to revoke the status of USA Gymnastics as the national governing body for gymnastics, although that process is currently stayed because of the pending bankruptcy of that organization.

Lloyd Mayer

https://lawprofessors.typepad.com/nonprofit/2019/02/senator-grassley-challenges-us-olympic-committees-tax-exempt-status.html

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