Former head of UCLA's football NIL collective denies wrongdoing alleged in report
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Former head of UCLA's football NIL collective denies wrongdoing alleged in report
"The story published by the muckraking college football website foiaball.com showed email communications from UCLA athletic department officials directing payments intended for Bruins for Life, the onetime NIL collective of the school's football program, through Shelter 37 Inc., a tax-exempt charity that purports to empower home ownership and help local youth through a variety of activities. Donating through Shelter 37 would provide a tax deduction not available to those giving directly"
"Donating through Shelter 37 would provide a tax deduction not available to those giving directly to Bruins for Life - a standard practice in the NIL sphere - but it also raised questions about a potential conflict of interest and the control of funds given James Washington ran Bruins for Life until recently and remains the president of Shelter 37."
James Washington denies any impropriety tied to funds being funneled through Shelter 37, the nonprofit charity he presides over. Email communications show UCLA athletic department officials directing payments intended for Bruins for Life through Shelter 37, which would allow donors a tax deduction not available when giving directly to the NIL collective. Routing donations through the charity raised concerns about conflict of interest and control of funds because Washington recently ran Bruins for Life. The arrangement prompted scrutiny of Shelter 37's charitable activities and suggestions that officials sought to sidestep IRS guidance on donor-advised funds. Washington says the setup was transparent and approved by UCLA.
Read at Los Angeles Times
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