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By completing your donation, you acknowledge and agree that your contribution will be processed by Game Point NIL, LLC ("Game Point NIL"). Upon receipt of your donation, Game Point NIL will allocate the funds to Storrs Central in accordance with our agreements with the collective. We are committed to transparency and accountability in the handling of all donations.
Individual contributions to Game Point NIL and the affiliated collectives are not tax deductible unless we specifically indicate otherwise. While we recognize the desire for individuals to maximize tax efficiency in supporting NIL activities, the laws and IRS regulations governing the tax deductibility of contributions made to support NIL activities (even if made to a 501c(3) or other “tax exempt” organizations) are complex. Therefore, in order to ensure the tax deductibility of such contributions, the underlying NIL activity must be carefully crafted to ensure compliance with these regulations. For supporters who desire to ensure the valid tax deductibility of their contributions, we will endeavor to curate (in consultation with the donor’s tax professionals) NIL programs that dedicate those contributions to NIL activities that comply with IRS requirements for a legitimate charitable purpose.
We recognize that many NIL-related organizations across the country are making blanket claims that all contributions made to them are tax deductible because they are a 501(c)(3) or another tax-exempt organization. However, in order for contributions to an organization (even to a registered 501(c)(3)) to be tax deductible, the organization must be legitimately organized and operated to further a limited list of specific, exempt charitable purposes defined by the IRS and the funds donated must be used for such a purpose. These IRS restrictions, if adhered to, limit the nature and scope of NIL activities that can be undertaken by a legitimate charitable organization. If the underlying NIL activities of an organization do not fit within these parameters and/or the 501(c)(3) does not operate in compliance with other IRS restrictions, then contributions made to such organization may not be tax deductible. As such, You should seek advice from Your tax advisor before claiming a charitable deduction for contributions made to a 501(c)(3) or other organization whose primary purpose is to support broad NIL activity.
