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This page contains a single entry from the blog posted on December 28, 2008 6:46 PM. The previous post in this blog was Plenty of action down the cellar. The next post in this blog is Dangerous storm blowing toward Portland. Many more can be found on the main index page or by looking through the archives.

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« Plenty of action down the cellar | Main | Dangerous storm blowing toward Portland »

Sunday, December 28, 2008

Where waste happens

Interesting story in the Salt Lake paper the other day about charitable foundations set up by professional basketball players. Bottom line: They generally aren't run well, a lot of their cash goes for overhead and partying, and several appear to be in violation of the tax laws. (Via TaxProf Blog.)

Posted at 6:46 PM | Bookmark and Share

Comments (3)

To me it's a bigger crime that so many companies and people focus their charitable efforts on big-name groups like United Way and March of Dimes. They're behemoths that work to sustain their bloat and strong-arming tactics.

They take a bigger chunk of the pie from all the small, low-overhead charities found in every city. Jack, I'm glad you chose some of these good ones for Buck-a-hit day...

Posted by TKrueg | December 29, 2008 7:41 AM

And we paid the PayPal processing fees, so that everything readers gave went to the charities. Let's hope they spend it wisely.

Posted by Jack Bog | December 29, 2008 7:49 AM

Maybe the Salt Lake media can start looking at the Mormon's use of tax shelters? I'd like to see what happens as a result of an investigation into their massive Prop8 efforts.

Posted by Gene | December 29, 2008 12:32 PM




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