A copy of the nonprofit NIL collective Friends of University of Notre Dame ( FUND), which supports the Fighting Irish, is available for purchase on the website.
Its 2023 earnings far outstripped those of the University of Texas-dedicated Texas One Fund and significantly exceeded those of Blueprint Sports ‘ BPS Foundation, a nonprofit serving multiple schools ‘ collectives.
The FUND Foundation announced its intentions to shut down buy at the end of the time, just like the BPS Foundation. It plans to move its support to RALLY, a fresh Notre Dame for-profit social and “lifestyle company” launched in September.
Any leftover money, that are not usually dispersed, may be transferred to another volunteer, including the academy, which operates under the same tax-exempt position.

State and federal regulation bodies have extremely raised their attention on tax-deductible organizations that pay NIL money to sportsmen, even if they do so by working with various charities, as Sportico has documented over the past year.
The social did not respond to emails asking for comments before publication, apart from providing a copy of its income processing.
In 2023, the FUND Foundation distributed$ 5.12 million to Notre Dame sports, while paying its former executive producer Kevin Klau$ 66, 667, and COO Megan Whitt$ 67, 083. The organization ended last year with$ 14.88 million in net revenue and$ 21.1 million in net assets, according to its IRS disclosures.
Brady Quinn, a former player for NFL teams and school sports, co-founded the FUND Foundation. He is currently a FOX shade scientist for NFL and college football games.
When the firm announced its strategies to stop operations by December 31 in a statement from September, Quinn said,” We are very proud of what FUND has accomplished over the years. We are pleased that we were able to address a pressing need at Notre Dame to tackle NIL challenges and opportunities.
Less than two weeks after Notre Dame hired mind basketball coach Marcus Freeman to replace Brian Kelly, who had left to start at LSU, Quinn helped found FUND in January 2022. Quinn recently founded another volunteer, the Ohio-based soldiers charity 3rd &amp, Goal, where Whitt serves as executive producer.
A third article was added to explain what might occur to any residual funds, and the second paragraph was edited to understand the FUND Foundation’s change program.