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The IRS can revoke a school's Sec. 501(c))(3) status

Posted on: January 13, 2025 at 15:21:24 CT
ScottsdaleTiger MU
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The IRS can revoke a schools Sec. 501(c)(3),, in which case the issue would be litigasted in Federal Court.

Congress can amend Sec. 501(c) ti to prohibit such actions.
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They need to find a way to have this College FB playoff - playhard KC - 1/13 10:10:29
     Dan Patrick said it, and is very much true. Most people - tigerman81 MU - 1/13 23:13:45
     NFL is a trash league. Doesn't matter - drywallerdave MU - 1/13 18:00:10
          agreed... I rarely watch it (nm) - zounami MU - 1/13 18:33:59
               Based on it’s success you two might be the only ones - MoGold MU - 1/13 20:34:41
                    it's the best of the pro leagues, but that's not saying much - zounami MU - 1/13 20:50:23
     Agree - that's a good point - Genco98 MU - 1/13 13:46:32
          RE: Agree that's a good point - Ragarm MU - 1/13 16:14:18
     Drop every D1 team down to 2 regular season warm up games - Fred G. Sanford USA - 1/13 12:28:28
     tv views not good by comparison ... - tmcats KSU - 1/13 11:26:38
          Because they were played on Thurs and Fri evenings - Erwin Fletcher STL - 1/13 11:37:05
               games not being new years or the ev hurt as well ... - tmcats KSU - 1/13 12:12:55
     8 teams MAX first game before Christmas, 2nd New Year's - TigerFan92 STL - 1/13 11:13:38
          yeah, we should have only gone to 8. We have conference - Joeboo MU - 1/13 13:12:28
     Too long of a break until the Championship Game is played - Carlos Rossi KC - 1/13 11:11:38
     RE: They need to find a way to have this College FB playoff - sarasotatiger MU - 1/13 10:42:46
          huh? (nm) - phrejd KC - 1/13 10:58:00
               Maybe he thinks they'll use their endowments to fund NIL (nm) - winslow MU - 1/13 11:11:18
                    and they absolutely could, if they wanted to (nm) - zounami MU - 1/13 11:13:32
                         Most absolutely could not. (nm) - kmawv8 MU - 1/13 11:16:25
                              Havard has a $60 BILLION endowment. It's a private school - zounami MU - 1/13 11:18:55
                                   You are mixing issues - SatoriTiger JC - 1/13 16:12:28
                                   The IRS can revoke a school's Sec. 501(c))(3) status - ScottsdaleTiger MU - 1/13 15:21:24
                                        Mizzou is not likely a 501(c)(3) - SatoriTiger JC - 1/13 16:41:29
                                             ok, then take Duke for example. It's a 501(c)(3) that uses - zounami MU - 1/13 17:29:32
                                                  Duke is probably a 501(c)(3), yes - SatoriTiger JC - 1/13 18:17:37
                                                       btw, I appreciate the discussion... you've offered some - zounami MU - 1/13 18:37:33
                                                       "because the NCAA rules prohibit it" but the NCAA no longer - zounami MU - 1/13 18:33:10
                                                            It can enforce those rules - SatoriTiger JC - 1/13 18:35:37
                                                                 I agree it SHOULD be that way, but Cruz is right... - zounami MU - 1/13 18:44:58
                                                                      The players can try - SatoriTiger JC - 1/13 18:54:29
                                                                           strong counterpoints, although I'm curious why you... - zounami MU - 1/13 20:03:19
                                                                                I described it as nihilistic - SatoriTiger JC - 1/13 20:07:03
                                                                                     actually, I think the rules are the opposite of pointless... - zounami MU - 1/13 20:30:06
                                        Correct, and they haven't done so for schools paying coaches - zounami MU - 1/13 15:29:15
                                   But why would they do that? - KC rules MU - 1/13 12:19:52
                                        it was a hypothetical... "if they wanted to" (nm) - zounami MU - 1/13 12:27:45
                                   They can't do whatever they want. It's a 501(c)(3) - kmawv8 MU - 1/13 11:21:42
                                        you must have missed the recent NCAA-House settlement that - zounami MU - 1/13 11:24:31
                                             ...furthermore, if schools can pay a single coach $10M /year - zounami MU - 1/13 12:37:52
                                             That settlement was about NIL collectives being 501(c)(3) - kmawv8 MU - 1/13 11:27:55
                                                  it was a civil class-action lawsuit settlement... it didn't - zounami MU - 1/13 12:34:56
                                                       Schools are not Collectives - nm - ScottsdaleTiger MU - 1/13 15:32:22
                                                            agreed... but what's your point? (nm) - zounami MU - 1/13 15:35:20
                                                  no it wasn't, you're confused (nm) - zounami MU - 1/13 11:28:44
                                                       [rolls eyes] (nm) - phrejd KC - 1/13 12:25:26
                                                            here's a summary of the House settlement for you and kmaw - zounami MU - 1/13 12:30:38
                                                                 maybe do some research on what an endowment is and the tax - phrejd KC - 1/13 12:37:21
                                                                      (1) That has nothing to do with the House settlement... - zounami MU - 1/13 12:41:55
                                                                           or remain ignorant. whatever (nm) - phrejd KC - 1/13 12:42:34
                                                                                schools are giving $10M+ per year of 501(c)(3)-status money - zounami MU - 1/13 12:49:48
                                                                                     no (nm) - phrejd KC - 1/13 12:50:19
                                                                                          lol, ok (nm) - zounami MU - 1/13 12:52:08
                                                                                               i'm glad we settled that. you may go now. (nm) - phrejd KC - 1/13 13:10:13
                                             ...per year, and a lump sum of $3B total (nm) - zounami MU - 1/13 11:26:26
               I'd like to think he responded to the wrong thread - kmawv8 MU - 1/13 11:08:04
     Squid Bowl Game - SatoriTiger JC - 1/13 10:31:03
     they need to get it on OTA tv and off of cable.(nm) - Harvey Specter MU - 1/13 10:19:10




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