Clemson collective granted tax exemption status based on purpose-driven approach to NIL and charitable work
CLEMSON, S.C. (June 9, 2022) — TigerImpact, the purpose-driven NIL collective that compensates Clemson University student-athletes for engaging in charitable work with local organizations, has been granted tax-exemption status outlined in section 501(c)(3) of the Internal Revenue Code and can now accept tax-deductible contributions from its donors.
“We are very happy to announce that the IRS has recognized TigerImpact for its charitable mission and work,” said Bobby Couch, executive director of TigerImpact. “This tax-exemption status will be a gamechanger for our fundraising efforts and will allow our dollars to stretch even further to benefit both Clemson student-athletes and the charities they work with.”
TigerImpact has identified and vetted more than 150 charities in the Clemson area and beyond with which they hope to engage student-athletes. Once a student-athlete is matched with a charity, TigerImpact drafts a contract outlining the student-athlete’s responsibilities to the organization. Some examples of work to be fulfilled are social media posts, volunteering engagements, and other public appearances.
“When stepping into the NIL arena, we knew we had to create a way to play the game in a way that would make Clemson proud,” said Rich Davies, founder of TigerImpact. “TigerImpact allows us to do so with integrity. Student-athletes get compensated for meaningful, purposeful work that will impact the communities they live in and care about, and they’ll learn from their experiences. This is our mission, and we will not stray from it.”
Positive Impact Fund for Tiger Charities, LLC established TigerImpact in 2022. The fund compensates student athletes to support community charities they’re passionate about, leading to increased exposure for the charities and meaningful, impactful NIL work for the student athletes. The purpose-driven fully compliant NIL collective sets a standard in college athletics and can be both a competitive advantage and source of pride for the athletes of Clemson University and its community.
TigerImpact employs proprietary technology and algorithms to compensate student athletes for their work on behalf of community charities at a level that takes into account their three-, four- and five-star performance ratings, the size of their social media audience, and the media coverage garnered by their sport and player position.
Donors and non-profits interested in participating in the fund are encouraged to visit TigerImpact.org for more information.