So what? VT is one school. And VT Foundation is not the University.
That doesn't precludes the IRS from taking a closer, broader look at athletic programs - regardless of financial governance, whether it be part of a broader administrative structure or a separate athletic foundation. Or ruling that the athletic foundations/components are no longer tax exempt and thus the Hokie Club would be spun off as s subsidiary like other for-profit ventures under the VT Foundation umbrella.
I'm not saying it will happen. Politics will likely be a huge roadblock. I'm just saying it should happen.
[Post edited by marcbvtgm at 10/07/2019 11:33AM]
|
(
In response to this post by Pylons)
Posted: 10/07/2019 at 11:33AM