Alex Rodriguez’s Charity Doesn’t Really Give Much Money to Charity
Disgraced Major League Baseball player Alex Rodriguez has become the media's whipping boy as of late. Probably because he makes it so easy. Allegations of PED use, an inability to hit in the playoffs and rumors of a painting he has in his home depicting him as a centaur are all things A-Rod has to deal with.
Add one more to the list.
The Boston Globe recently did some investigative work about a charity that Rodriguez started. According to CBS Sports, the reporting states:
“A foundation started by New York Yankees third baseman Alex Rodriguez gave only 1 percent of proceeds to charity during its first year of operation in 2006, then stopped submitting mandatory financial reports to the IRS and was stripped of its tax-exempt status.”
The piece’s author, Callum Borchers, says that foundations should be devoting 65 to 75 percent of every dollar directly to their stated missions. And that’s just the minimum. If the report is accurate, Rodriguez's efforts have fallen well short of that.
Still, the failure is probably more due to a lack of expertise than truly bad intentions. Athletes are not always skilled enough to handle the rigors of running charity organizations and it’s not necessarily their fault.
Greg Johnson, the executive director of the Sports Philanthropy Project in Boston, had this to say about the matter:
“Athletes' charities are subject to many pitfalls because most of them are not trained in how to raise and distribute money, and it's difficult. A lot of them get into expensive golf tournaments and that kind of crap. They can be self-serving as hell.”
Unfortunately for Alex Rodriguez’s standing in the court of public opinion, the “self-serving” part of that quote sounds just like him.
Source: (CBS Sports)