1. Who benefits from the IMG Academy Student-Athlete Foundation?
A: The Foundation exists solely for deserving student-athletes. We raise, manage, invest and disburse funds to provide student-athletes with the opportunity to experience an exceptional educational, athletic and social learning environment.
2. What does the Foundation do with contributions?
A: If a donor makes an unrestricted gift, we contribute the gift to the Ascender Council, so that we can put the money to work right away. If a donor makes a restricted gift, we fulfill the donor’s wishes based upon mutually agreed upon criteria. Endowment gifts are available, in which case we manage for the long-term stability of the Foundation.
3. Are gifts tax deductible?
A: Yes. Gifts to the IMG Academy Student Athlete Foundation are tax deductible to the extent the law allows. The IMG Academy Student Athlete Foundation., is a non-profit, 501(c)(3) organization. Donors may deduct contributions as provided in IRC 170(c)(3) of the U.S. Tax Code.