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.
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In nonprofit game, many athletes post losing records - Business Read: The Boston Globe (via sportsnetny) This is almost reaching Greek tragedy proportions. |
