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USA TODAY; Russell Wilson's Why Not You Foundation raises millions. Less than half goes to charity

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  • #1

    USA TODAY; Russell Wilson's Why Not You Foundation raises millions. Less than half goes to charity

    Less than half goes to charity…

    Russell Wilson's Why Not You Foundation raises millions. Less than half goes to charity
    https://sports.yahoo.com/russell-wilsons-why-not-foundation-174735657.html
    Nonprofit executive paid more than $200,000 per year also worked for the Wilson family office, raising legal questions, experts said.


    6 month investigation…all the tax returns, he is exposed, a big Fraud

    24 cents of every dollar to charity, just awful

    more awful press for Wilson. #greedysmurfqb
    Tags: None
  • #2
    They investigated all the Walter Paton men of the years.

    ‘Wilson by Far the most Egregious….

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    • #3
      Yahoo "Sports"???? LOL

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      • #4
        Not good!

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        • #5
          The antifan strikes again. **** off Wolf. Find a new hobby.

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          • #6
            How much do you give? Receipts please.

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            • #7
              Wolf is pretty clueless with how these non profits work. 50 percent is more than most.

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              • #8
                That’s not good. On avg about 70% of the money that goes to a charity goes towards the cause.

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                • #9

                  Comment

                  • #10
                    Originally posted by Tangerine View Post
                    Wasn’t aware he was down. Didn’t he just get the HC he wanted.

                    Comment

                    • Tangerine
                      #10.1
                      Tangerine commented
                      02-09-2023, 07:13 AM
                      Editing a comment
                      Have you been living under a rock??
                  • #11
                    Originally posted by Tangerine View Post
                    250+ Million dollars down..

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                    • #12
                      Wilson the scumbag…

                      presented a check to Seattle Children Hospital for 2.6 million….

                      78k actually paid to hospital….

                      GTFO smurfclownqb…

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                      • #13
                        So, if this does happen to turn out to be a big nothingburger will you run and hide like a little bitch again, or will you finally sack up and admit that you're a dumbass?

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                        • #14
                          This is actually a pretty s***** thing to do on Wilson's part and I don't want them in Denver anymore because of it. What a f****** tool. They're keeping almost 75 cents on dollars donated. It's not illegal but it's basically theft and fraud.
                          • Likes 1

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                          • Shananahan
                            #14.1
                            Shananahan commented
                            02-08-2023, 09:32 PM
                            Editing a comment
                            He sure doesn't make it easy.
                        • #15
                          Originally posted by DD55 View Post
                          Wolf is pretty clueless with how these non profits work. 50 percent is more than most.
                          When I worked for the United Way our overhead was 15 cents on the dollar. Not 75 cents on the dollar. Not $0.50 on the dollar. Not 25 cents on the dollar.

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                          • #16
                            A lot of charities are tax shelters and not legitimately pushing money to the actual cause. Has no one ever researched Susan G Komen?

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                            • #17
                              Originally posted by IndelibleScribe View Post
                              A lot of charities are tax shelters and not legitimately pushing money to the actual cause. Has no one ever researched Susan G Komen?
                              It's like,...who do they think is donating to the Russell Wilson Foundation?

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                              • #18
                                A hundred percent of every twenty percent raised, goes to charity ninety percent of the time.

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                                • #19
                                  Originally posted by OmegaBronco View Post

                                  It's like,...who do they think is donating to the Russell Wilson Foundation?
                                  I was going to say that too 😂

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                                  • #20
                                    Wilson cares more about $ and fame than his team city or charity…

                                    #smallqbfalseprophet

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                                    • #21
                                      Non profits are a tax evading racket to make a profit

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                                      • DD55
                                        #21.1
                                        DD55 commented
                                        02-08-2023, 08:12 PM
                                        Editing a comment
                                        Exactly.
                                    • #22
                                      Originally posted by IndelibleScribe View Post

                                      I was going to say that too 😂
                                      This year's bake sale was a disaster.
                                      • Likes 1

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                                      • #23
                                        Foundations are different than 501C3 charities. Foundations are what philanthropists set up to do some goal that's considered a good thing and give their kids a job instead of just losing that money to death taxes. They usually get their cash from philanthropy as opposed to charity donations.
                                        Foundations are likely getting most funds from the person that set it up and a few others.

                                        Look at the Carnegie and Rockefeller foundations. No Charity. They get big donations from billionaires. Then the other one that didn't get the donation adds the philanthropists kids to their board. That foundation keeps going even though the billionaire can't pass billions down. They guarantee their kids get big salaries for being on the board even after they die and lose their billions down to millions. They have to do musical chairs. But the foundations work together to prop each other up and allow the wealthy to stay wealthy.

                                        My family has a foundation.
                                        That is the way it does good things. I decide what my tax money does instead of handing it over so the government decides for me.

                                        Y'all need to chill about foundations.
                                        And seperate them from charities in your minds.

                                        Focus on the 'he's mentally declined' part.
                                        Focus on the can't throw over the middle mid range or short.
                                        Last edited by Old Coyote; 02-08-2023, 10:56 PM.
                                        • Likes 1

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                                        • #24
                                          This is all kind of sad for Wilson. The bigger issue is the IRS is now engaging. He lied on the tax returns, didn’t identify the members that were receiving up to $200k in salary. Claims it was human error. Sorry, with the type of money he has his wife make, they don’t mess with accountants that would make human errors. This is tax evasion and it could get ugly for Wilson. Just the $.24 on the dollar ratio is damaging for him. But only damaging in terms of reputation. Lying on tax returns takes this to a different level and the legal ramifications for Mr Squeaky Clean could be significantly worse than just tarnishing his golden boy image.

                                          My big question, could the Broncos leverage this to conduct unbecoming and find an out with his contract. I imagine there are clauses and stipulations for illegal activity that would offer a breach of contract for termination for cause clause. But, I don’t know much about NFL contracts. In the real world tho, those clauses 100% exist in every contract to reduce a buyers risk.
                                          • Likes 1

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                                          • #25
                                            Originally posted by 76er View Post
                                            This is all kind of sad for Wilson. The bigger issue is the IRS is now engaging. He lied on the tax returns, didn’t identify the members that were receiving up to $200k in salary. Claims it was human error. Sorry, with the type of money he has his wife make, they don’t mess with accountants that would make human errors. This is tax evasion and it could get ugly for Wilson. Just the $.24 on the dollar ratio is damaging for him. But only damaging in terms of reputation. Lying on tax returns takes this to a different level and the legal ramifications for Mr Squeaky Clean could be significantly worse than just tarnishing his golden boy image.

                                            My big question, could the Broncos leverage this to conduct unbecoming and find an out with his contract. I imagine there are clauses and stipulations for illegal activity that would offer a breach of contract for termination for cause clause. But, I don’t know much about NFL contracts. In the real world tho, those clauses 100% exist in every contract to reduce a buyers risk.
                                            One of the Best posts you will ever see…BRAVo!

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