Posted February 28, 2013

Alex Rodriguez’s charity raised $403K in 2006 but donated only $5K

MLB
Alex Rodriguez raised more than $400K for charity in 2006 but reportedly donated only $5K of it. (Jonathan Daniel/Getty Images)

Alex Rodriguez raised more than $400K for charity in 2006 but reportedly donated only $5K of it. (Jonathan Daniel/Getty Images)

A Boston Globe review of more than 150 Internal Revenue Service filings by 50 nonprofits launched by professional athletes found that New York Yankees third baseman Alex Rodriguez had raised $403,862 through his A-Rod Family Foundation in 2006 but donated only $5,090 of it to charitable causes.

According to the report published in February, Rodriguez operated the foundation and donated $5,000 to Jay-Z’s Shawn Carter Scholarship Fund and $90 to a Little League Baseball club in Miami. But documents show that only one percent of the funds raised were actually given away. A year later, in 2007, the IRS officially stripped the A-Rod Family Foundation of its tax exempt status after it failed to submit the proper paperwork.

Rodriguez said prior to launching the charity that he wanted to reverse bad publicity he received after being outed as a member of an underground poker club, and thus he founded a celebrity poker tournament with hip-hop mogul Jay-Z in an effort to raise money for charity:

“I got in some trouble for poker last year, so why not turn it around and raise some money for the children?” Rodriguez said in an interview with MLB.com at the time.

The news comes in the wake of more allegations that Rodriguez used performance enhancing drugs and rumors that the Yankees are looking for ways to terminate their contract with him.


37 comments
Matt32
Matt32

A-Rod.  The gift that keeps on giving.

 

Well, unless you were planning on getting some new athletic equipment from his charity.  But he's great fodder for sports writers.

fothgt
fothgt

And since when atheletes, entertainers. etc have been the bastions of morality and  what is just in our culture? It's amazing for a culture that mocks morality, then wants it's idols to be paragons of virtue. What a crock! Stop spending your money on these idols and do something for humanity yourself!

chrispy2989
chrispy2989

More proof that A-Rod is a narcissist.

MichaelYoung
MichaelYoung

What a real scumbag- $90.00 for the kids? I hope the IRS goes after the rest of the foundation money.

6marK6
6marK6

Goodwill is similar. Their CEO makes over a million dollars a year while nobody employed by Goodwill receives more than minimum wage or any benefits. That is a scam!

6marK6
6marK6

I always love it when multi-millionaire athletes or billion dollar corporations ask me to contribute to some charitable cause. I don't have the income to do that, but they do! 

penny g
penny g

and I wonder why I' ve volunteered over 30 years to coach little league baseball,hell I could have been skimming from them instead. oh that's right I make over 40 grand a year guess I don't need it!!!!!!!!

Dryfuss1
Dryfuss1

Dude makes 8 figures a yr and out of charity donates $90 dollars to 1 little league team in Miami? Wow what a hero! he bought them a couple bats. I bet they were stoked! He could easily fund the building of several little league fields for the same price as one of his pieces of jewelry that he likes to flaunt.

Jonathan L
Jonathan L

As a Yankees fan, I would normally defend every player on the team against bashing comments and insults; but I just really don't like Arod.  I was one of the few Yankees fans who really was the least bit thrilled when they resigned him in 2007.  Yes, I'll root for him to drive in runs and help the team, but that's where my loyalty towards him rests - how his production can help the team.

stork55
stork55

This is an other example how the wealthy wine & dine, travel, play golf, party for free on the money of little people. NASCAR just got a hugh tax break and is looking for tax breaks from the state of Florida, the Miami Marlins screwed the people of Miami etc,etc,etc.

  The revolution is coming.the country looks like Cuba before they threw US out, corrupt, crime, violent............

 

AlexBumRod
AlexBumRod

so where is the other $398,000+? i thought people went to prison for soliciting money for a charity they create but only give 1% of the total to the charity. enough with this a-rod circus. just retire bum-rod.

ALEX56
ALEX56

WHAT??  HE MAKES CLOSE TO  200  MILLION  OVER 10 YEARS!!!!!!!

ALEX56
ALEX56

AND THEY   MAKE A BIG DEAL ABOUT GOVERNMENT  STEALING!   THERE SEEMS  TO BE ZERO  OVERSIGHT ON PRIVATE  "CHARITIES"!!!!

M as in Mancy
M as in Mancy

Give him a break you clowns. He needs more money for centaur paintings. You'd all do the same thing.

MarcSchenker
MarcSchenker

It's easy to solve: kick Rodriguez out of baseball, so he can scam people with his charity without the assistance of MLB.

bfgair
bfgair

Well that's not as good as The United Way that only gives out less than 10%. When asked about this they told me that they have collection fees, bookeeping fees, Managment fees, Building managment fees, rental fees and of course the upper managment pay and bonuses that are in the 7 figure amount. All in All the United Way is one of the biggest ripoffs in this nation.

GTT
GTT

Not a good guy.

nysportswoman
nysportswoman

Arod really needs more money. That's pathetic.

Mai Wang
Mai Wang

What a dootch A-Fraud is...

QuezeboJones
QuezeboJones

Look up Charities in the dictionary. Definition: Money Grab.

scalla
scalla

What is "onky"?  C'mon man.  Ever heard of a spell checker?

phillyroni
phillyroni

This is "STEALING", IS IT NOT ???  If not is should be !!!!!!

TA1
TA1

Alex are you building a new Titanic???  The more this stuff goes own, I am starting to see a low life.  I can understand the PEDs since it involves lots of money, but scams are truly disgusting since it harms other people.

rukiddingme
rukiddingme

A-Roid, the new Lance Amstrong.  A fraud of the highest magnitude.  C'mon, are you telling me the guy needed the money?  So why wouldn't he donate ALL of it to charity, as he so publicly claimed?  He was doing it to try and burnish his image after the poker scandal, which was getting more and more tarnished with each passing day.  And now we come to find out that this act of charity was actually (another) case of fraud.  So who knows how low this guy has (will) go?  I mean, this is chump change to him, but he stuck it in his pocket anyway?  Really?  Is there anything authentic about this guy? 

tastes_burning
tastes_burning

This is way more common than it should be. So many charities use most if not all of the funds they receive to pay their employees, officers and board members -- mainly the officers and board members. Too many of these charities are run by the athletes' friends and families. 

steven19
steven19

 @M as in Mancy

 He has to look like a beast in times of war and a politician in time of peace - The Centaur  LOL

 

steven19
steven19

 @bfgair

I don't know about the UW, but I heard during 9/11 the Red Cross scammed a bunch of money from everyone. I'll have to find a source, but I remember reading about how only 20% of the $/resources they gathered went to the people affected by 9/11. I'll find source and re post....eventually

RobertSmith
RobertSmith

 @bfgair Apparently you don't understand finance very well.  United Way "program expenses" are 90% ... meaning they distribute 90% of their funds. They have 7.4% administrative costs and 3.5% in fund raising costs.  You have your data exactly butt-backwards.  But keep spreading Lies about one of the best charities in the country ... 4-star rated by Charity Navigator and 20/20 on the Better Business Bureau's Charity Accountability measures.

JohnBorbone
JohnBorbone

 @bfgair

 I heard the same thing. When they showed up begging at my work we confronted them with it.

BrianVeatch
BrianVeatch

 @bfgair Source please?  United Way organizations are community based and operate independently.  I know that the UW in Denver gives away 85% with 2.6% going for administrative costs and 12.3% going for fundraising.  You can check out how much goes towards the charity at   http://www.charitynavigator.org.  I'm not sure where you got the 10% number.

phillyroni
phillyroni

 @tastes_burning

 OK,, So the IRS should backtrack and make ALL pay taxes on the money that was pocketed.

Never mind the fact that this is fraud. A little jail time would stop this once and for all.

ThomasOlsen
ThomasOlsen

 @BrianVeatch  @bfgair I believe he is refering to United Way Worldwide. From the mid 80's to early 90's WIlliam Aramony was the CEO and very little of the money they collected went to help people. Aramony gave himself massive bonuses, paid for his multiple girlfriends apartments in Paris, Rome, New York, and Cairo, and gave expensive gifts to friends with charity funds, he flew first class on The Concorde (remember that thing) and he rode in a chauffer driven limo at all times.    He and the CFO Thomas Merlo were both arrested and Aramony spent 6 years in prison for the 53 counts of various frauds and corruptions. That was 20 years ago but it is still what I think of when I hear "united Way".