26 May
2009

Charity

There’s a little controversy brewing about the testimony earlier this month of Derrick Fox, who claimed that the bowl system of college football that you have now is better because “almost all of the bowl games are put on by charitable groups” and “local charities receive tens of millions of dollars in donations every year.” 10 of the bowl games are owned and run by multinational corporations. The others are run by tax exempt organizations. Combined, these bowls give 3.2 million dollars from their total $186 million revenue. Congress seems to think that this doesn’t add up to “tens of millions”. Fox wants them to think of the multinational corporations as charitable, because they donate to charities. Anyway, whatever it is at this point, it looks like Congress will still be talking about it for awhile.

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