Listen, would you know how to best run a nonprofit foundation? I wouldn’t have a clue. Ditto, it seems, with plenty of professional athletes.
Of course, if you were to run a serious charity, chances are you might investigate how to best direct it and maximize its giving potential.
Alas, an investigation by the Boston Globe into more than 150 Internal Revenue Service filings by 50 nonprofits operated by professional athletes showed that nearly half gave less than the accepted percentage of their income to the actual charities.
Nonprofit experts said that the minimum accepted giving percentage for charities is 65% to 75%.
Chief among the athletes falling considerably short of that in the Globe report was Dodgers right-handed pitcher Josh Beckett, whose foundation donated just 37 cents on the dollar.