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Apr 16 2013

Coburn Asks Treasury to Investigate Athletic Charitable Organizations

In a letter to Internal Revenue Service Acting Commissioner Steven T. Miller, Dr. Coburn requests a review of charitable organizations led by prominent athletes after an ESPN investigation on athletic charities found “74 percent of the nonprofits fell short of one of more acceptable nonprofit operating standards.”  ESPN’s findings showed several charitable organizations had stopped filing tax returns completely, while others provided misinformation on their IRS filings.  “During a time of fiscal scrutiny and budgetary shortfalls, Congress and the administration should work together to ensure tax benefits intended for charity are not abused as tax havens for the well-to-do,” Dr. Coburn wrote.       

Update: Treasury response dated August 29, 2013, available here. 

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