UNT Official NIL Fund Name

[eagle73]

I would like to donate some money to the NIL Fund but I am unable to find it online.

What is the official name of the fund?

[ScreamingEaglesFan]

https://www.lightthetowercollective.com

[eagle73]

Thank you so much.  The check will be “in the Mail”.

[97and03]

6 minutes ago, eagle73 said:

Thank you so much.  The check will be “in the Mail”.

Not to discourage you but I thought I read in a recent @Brett Vito article that the collective was moving away from taking donations.

[Marty]

I thought Gomeangreen.com was starting a collective.

[DeepGreen]

21 minutes ago, 97and03 said:

Not to discourage you but I thought I read in a recent @Brett Vito article that the collective was moving away from taking donations.

Why would the collective stop taking donations?

[NorthTexasWeLove]

2 minutes ago, DeepGreen said:

Why would the collective stop taking donations?

Well...

[DentonLurker]

According to the IRS, they’re “donations” anyway

[97and03]

17 hours ago, DentonLurker said:

According to the IRS, they’re “donations” anyway

Not necessarily. IRS is reviewing collectives. I would guess they will set rules on what should be label as a non-profit. Many probably won’t be. 

[Cerebus]

20 hours ago, Marty said:

I thought Gomeangreen.com was starting a collective.

🥷

[Venson]

On 7/27/2023 at 8:15 PM, Marty said:

I thought Gomeangreen.com was starting a collective.

A few people talked about it, but nothing ever came of it.

[UNT 90 Grad]

On 7/27/2023 at 8:18 PM, DeepGreen said:

Why would the collective stop taking donations?

I’ve wondered about this.  My limited understanding of the NIL is that it allows people/companies to pay players for use of their name, image, or likeness.  These collectives seem like an opportunity to just pay players for playing.   Doesn’t seem to align with the spirit of the NIL.  Once better governance is in place, I’ll bet players will have to show how their name, image, or likeness was legitimately used for the compensation.  I did arrange for a UNT Softball player to throw out a ceremonial first pitch at a baseball game.  My understanding is that she had to fill out NIL paperwork for doing that and included how we compensated her (game tickets for her, family, & friends).

[jtm0097]

12 hours ago, Venson said:

A few people talked about it, but nothing ever came of it.

Yes, I was one of them. Just too much grey area right now with starting an NIL fund (taxes). Unfortunately in my line of work, outside activities are heavily scrutinized as well (compliance). I'm hopeful we can get some type of fundraising activities for the athletes department started, but it needs buy in.

[97and03]

On 7/28/2023 at 3:18 AM, DeepGreen said:

Why would the collective stop taking donations?

I really don’t remember all the details from the article but I think they are shifting to a new model of working with companies. 

[GrayEagle]

If GoMeanGreen started a collective, without assurance that the donations would be tax deductible, I would imagine that any donations would be small.

[Marty]

They've turned the organization over to TheLinkU, a group that runs the U of Houston collective. Appears they target businesses & corporations to get involved in NIL. According to the article in the DRC, the Houston collective ( LinkingCoogs) surpassed $4 mi!lion with 75% of the money coming from businesses that didn't previously support UH athletics.

[Harry]

30 minutes ago, Marty said:

They've turned the organization over to TheLinkU, a group that runs the U of Houston collective. Appears they target businesses & corporations to get involved in NIL. According to the article in the DRC, the Houston collective ( LinkingCoogs) surpassed $4 mi!lion with 75% of the money coming from businesses that didn't previously support UH athletics.

My understanding is that this TheLinkU  group took UofH’s NIL from initially around $800k to north of 5 Million in a fairly short period of time.

[NorthTexasWeLove]

Oh, great. So now we're relying on the city of Denton. 

[greenminer]

20 minutes ago, NorthTexasWeLove said:

Oh, great. So now we're relying on the people of DFW.

IMO, the outlook looks bad either way.

either way, we need to keep trying, and enlisting help for these efforts is a good thing.