Huge news on the NIL front this morning.
Link: https://www.on3.com/teams/south-car...ndation-launches-charity-nil-gamecockcentral/
Please read that first!
I'd like to add some notes...
How are Garnet Trust Foundation and Garnet Trust different?
--- Garnet Trust Foundation is a non-profit organization. An application for 501(c)(3) non-profit status has been submitted to the IRS.
Utilizing their NIL, USC student-athletes are paid to promote local charitable organizations and causes, educate the general public regarding those charitable organizations and causes, and positively impact communities.
Donors know they're supporting USC student-athletes, helping local charitable organizations, and positively impacting communities. An added benefit is donations are tax deductible (this is not tax advice; consult a tax professional).
--- Garnet Trust, launched in November 2001, creates connections and experiences between USC student-athletes and fans. Utilizing their NIL, USC student-athletes are paid to make media appearances, autograph items, attend events, and more.
Members know they're supporting USC student-athletes and receive benefits that vary based on membership level. Membership fees are not tax deductible (this is not tax advice; consult a tax professional).
Separately, Garnet Trust helps USC student-athletes and local businesses work together. And there's an initiative called Garnet Trust Connect that allows fans to directly support specific USC student-athletes.
--- I know most folks don't care, but a few fans (observers) will wonder: I played a very small part in getting the Garnet Trust Foundation started. But I will not have a role going forward. The foundation will be board/officer driven -- and it's an impressive board.
I still own Garnet Trust. A huge thank you to those who are Garnet Trust members. You made a difference and continue to make a difference.
Feel free to copy and paste this to other places.
Link: https://www.on3.com/teams/south-car...ndation-launches-charity-nil-gamecockcentral/
Please read that first!
I'd like to add some notes...
How are Garnet Trust Foundation and Garnet Trust different?
--- Garnet Trust Foundation is a non-profit organization. An application for 501(c)(3) non-profit status has been submitted to the IRS.
Utilizing their NIL, USC student-athletes are paid to promote local charitable organizations and causes, educate the general public regarding those charitable organizations and causes, and positively impact communities.
Donors know they're supporting USC student-athletes, helping local charitable organizations, and positively impacting communities. An added benefit is donations are tax deductible (this is not tax advice; consult a tax professional).
--- Garnet Trust, launched in November 2001, creates connections and experiences between USC student-athletes and fans. Utilizing their NIL, USC student-athletes are paid to make media appearances, autograph items, attend events, and more.
Members know they're supporting USC student-athletes and receive benefits that vary based on membership level. Membership fees are not tax deductible (this is not tax advice; consult a tax professional).
Separately, Garnet Trust helps USC student-athletes and local businesses work together. And there's an initiative called Garnet Trust Connect that allows fans to directly support specific USC student-athletes.
--- I know most folks don't care, but a few fans (observers) will wonder: I played a very small part in getting the Garnet Trust Foundation started. But I will not have a role going forward. The foundation will be board/officer driven -- and it's an impressive board.
I still own Garnet Trust. A huge thank you to those who are Garnet Trust members. You made a difference and continue to make a difference.
Feel free to copy and paste this to other places.
