The choice of high paid athletes in donating to charities

The best antidote for cynicism: But organizers of other big sports-related charity events question whether that threshold judges them fairly. In andthe Franklin Templeton Shootout -- which, like many PGA Tour events, is structured as a public charity -- spent only about a third of its money on charitable recipients.

Or were you really in the business of promoting a charity and raising money for a charity? He said the 66 percent of expenses standard is good for nonprofits that actually run charitable programs, but for those that raise money for other charities, such as the Tour event, he said the bottom line net revenue matters more.

Your time is more valuable than your money.

Experts say pro-athlete sports charities could do better

The odds that a charity run by an athlete is fraudulent are probably accepted as a given. Whether the athlete knows about the deception is immaterial. One of his directors admitted to Fortune magazine that Sosa took foundation money to buy his brother a sports car.

But the charities did lead to public accolades for his promises to help sick and underprivileged children and build "learning centers. Using guidelines set by nonprofit watchdogs Charity Navigator, the Better Business Bureau and the National Committee for Responsive Philanthropy, "Outside the Lines" found that 74 percent of the nonprofits fell short of one or more acceptable nonprofit operating standards.

Not content to merely give generously to charities other individuals were running, he also established his own — the Roger Federer Foundation. Go sort vegetables at the local food bank or visit someone in a nursing home.

But really, how many athletes really have causes? Nobody should exploit that emotional relationship by starting a charity that claims to fund cancer research but instead funds an AAU basketball team.

Athlete charities often lack standards

Among the "Outside the Lines" findings: Its tax-exempt status was revoked this month for failing to file tax returns for three consecutive years. Corporate sponsors made up the rest. Most athletes have precious little to say about social injustice -- just like most of the rest of us.

He also founded the Dijembe Mutombo Foundation inan organization that seeks to provide help to individuals in his native nation, the Democratic Republic of Congo. The one most closely linked to him is the Andre Agassi Foundation for Education, which seeks to provide educational and recreational opportunities for at-risk youths, and the Andre Agassi Charitable Foundation, which.

No donations were collected either. In other words, why would you write a check to a cancer-research charity -- or, more correctly, an alleged cancer-research charity -- fronted by Lamar Odom instead of writing one to a longstanding, reputable charity?

The event, which is a springtime cross-country motorcycle ride, relies on riders to pay a certain amount that covers their fuel, food, lodging and other costs as well as their charitable donation. InDavis and Celtics forward Paul Pierce took over a celebrity charity event in Los Angeles that the Magic Johnson Foundation had sustained for 20 years, raising millions of dollars.

The foundation became an accessory, every bit as vital as the Bentley and the swim-up bar in the pool behind the mansion.Watch video · An "Outside the Lines" investigation of charities founded by high-profile, top-earning male and female athletes has found that most of their charities don't measure up to what charity experts.

Watch video · Athletes use charities as shields -- nobody wants to question someone's motives, especially if they attach the charity's goal to the eradication of a disease that caused the death of a family member. Through Charity Navigator's Top Ten Lists, we focus on the ten charities in each subject matter that are worth highlighting.

From charities backed by celebrities to charities worth watching, these lists provide a great introduction to the topic of charity evaluation, and help you to decide which organizations deserve your support. What Athletes Are Giving Below, some of the biggest foundations of professional athletes, ranked by their assets.

Except where noted, figures are fromthe most recent year for which tax filings are available.

Do homework before giving

Athletes and Their Charities. November 25, donating the winner's check to the Foundation each time.

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Includes many of the largest charities in the USA. Charity List of over causes including the Best, Largest Charities in USA, New Years Donations that gift-recipients may select from, for donations designated to the charity closest to.

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The choice of high paid athletes in donating to charities
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