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June 2010, NCAA-Conferences
Super Conferences and the Nonprofit Tax Exemption
Senator Grassley from Iowa questions the nonprofit tax exemption for athletic conferences and wonders what type of educational benefit they actually provide. His statements suggest that those left out of the current conference moves could still have an economic impact upon them.
Conference realignment and its impacts has caused Grassley to revisit a question he's raised before: What does the current power structure in major-college athletics have to do with education? "These athletic conferences are all non-profit, charitable institutions that supposedly have been established to provide an educational benefit," Grassley said. "I would like to know what the educational benefit is for these organizations to be doing this sort of thing." To read more, click here.