The Boston Globe has a feature on the non-profit foundations set up by athletes, and as one might expect, some do a better job of funneling money to their stated missions than others do.
One, though, stands apart and might even be considered a fraud:
A foundation started by New York Yankees third baseman Alex Rodriguez gave only 1 percent of proceeds to charity during its first year of operation in 2006, then stopped submitting mandatory financial reports to the IRS and was stripped of its tax-exempt status. Yet the group’s website still tells visitors the A-Rod Family Foundation is a nonprofit organization.
That website, hosted by MLB.com, remains active, though the latest news is from Sept. 5, 2007. It should be noted that while nothing suggests the Foundation has been shut down, there’s no apparent way to donate to it on the webpage. There’s also no link back to the foundation on Rodriguez’s official homepage. And given that Alex’s ex-wife, Cynthia, is featured prominently as part of the Foundation’s website, one assumes that if A-Rod does decide to jump back into the charity business, he’ll be coming up with something completely new.
The Boston Globe’s reporting also suggests that the foundations of Josh Beckett and ex-Patriots receiver Deion Branch weren’t very efficient, while those set up by Curt Schilling and 49ers quarterback Alex Smith did a better job of making sure what they took in got into the proper hands.