gtchem05
Jolly Good Fellow
- Messages
- 374
Swarm members,
It's my pleasure to announce the launch of a NIL collective site supported by GT fans called Jackets for ATLanthropy (www.jacketsforatlanthropy.com). This is neither the Swarm the ATL site that has been discussed on this board nor a competitor of that site, but rather it is designed to complement Swarm the ATL and other GT-focused NIL initiatives. Jackets for ATLanthropy will offer GT student-athletes NIL opportunities while supporting Atlanta-based charities.
I have met with charity representatives and sought advice from individuals including attorneys in the NIL space to ensure that we are NCAA compliant.
I realize the name might be a little cheezy, but by coining the term, atlanthropy, the site is able to achieve good search engine optimization, and as a result, you don't have to remember the full website name. For example, it shows up near the top of the first page just by Google searching, 'atlanthropy'.
Jackets for ATLanthropy is unique in its design. Unlike some non-profit collectives, we did not opt to pursue 501c3 status due to multiple drawbacks including legal and tax risks as well as concerns regarding the sustainability of 501c3 status over time. Instead, we have opened a donor-advised fund, also known as a giving fund, which is housed by a well-established 501c3 organization headquartered in the Atlanta area. This will allow fans to make tax-deductible donations with ease (a receipt is emailed immediately after any donation is placed) and provides assurance that your donations are unable to be skimmed by ulteriorly-motivated individuals.
The basic premise is that GT student-athletes will be compensated through NIL by taking part in a charity project or fundraiser. Participating charities will pay the student-athletes like they would a guest speaker or other celebrity for appearing at events, fundraisers, and performing NIL-type activities such as autograph signings and social media promotion. The primary purpose of the athlete's presence at a charity event is to bolster the attendance at the event. I mean, who wouldn't want to serve in a soup kitchen alongside one of your favorite Georgia Tech athletes? Jackets for ATLanthropy will contribute funds (GT fan donations) to the charity that will cover the cost of the student-athlete NIL compensation. Student-athlete compensation will be negotiated between the charity and the student-athlete with oversight from Jackets for ATLanthropy to ensure NCAA compliance. Please see the website for details.
I would love to get your feedback, criticisms, critiques, etc. about the site so that I can edit it to improve clarity. Before you ask any questions, though, please review the FAQ page because your answer may lie there.
The next steps are to continue meeting with the multiple Atlanta-based charities who are interested in collaborating with us and select GT student-athletes for the first event scheduled on June 25th which is a meal-packing project with a charity called Hope Atlanta. This will tentatively include multiple athletes from the football team and likely one other sport as well. We need volunteers for this event and other subsequent events listed on the website. So, please consider signing up. Please also consider making a financial contribution and spreading the word on social media.
The launch of Swarm the ATL is also anticipated soon which will present an excellent opportunity for NIL contributions in exchange for unique access to athletes and fun events. I will be contributing financially to both Jackets for ATLanthropy and Swarm the ATL and encourage your involvement with these initiatives so we can attack this NIL stuff from multiple angles. "We're at Georgia Tech. We can do that. We are doing that!!!" Go Jackets!
It's my pleasure to announce the launch of a NIL collective site supported by GT fans called Jackets for ATLanthropy (www.jacketsforatlanthropy.com). This is neither the Swarm the ATL site that has been discussed on this board nor a competitor of that site, but rather it is designed to complement Swarm the ATL and other GT-focused NIL initiatives. Jackets for ATLanthropy will offer GT student-athletes NIL opportunities while supporting Atlanta-based charities.
I have met with charity representatives and sought advice from individuals including attorneys in the NIL space to ensure that we are NCAA compliant.
I realize the name might be a little cheezy, but by coining the term, atlanthropy, the site is able to achieve good search engine optimization, and as a result, you don't have to remember the full website name. For example, it shows up near the top of the first page just by Google searching, 'atlanthropy'.
Jackets for ATLanthropy is unique in its design. Unlike some non-profit collectives, we did not opt to pursue 501c3 status due to multiple drawbacks including legal and tax risks as well as concerns regarding the sustainability of 501c3 status over time. Instead, we have opened a donor-advised fund, also known as a giving fund, which is housed by a well-established 501c3 organization headquartered in the Atlanta area. This will allow fans to make tax-deductible donations with ease (a receipt is emailed immediately after any donation is placed) and provides assurance that your donations are unable to be skimmed by ulteriorly-motivated individuals.
The basic premise is that GT student-athletes will be compensated through NIL by taking part in a charity project or fundraiser. Participating charities will pay the student-athletes like they would a guest speaker or other celebrity for appearing at events, fundraisers, and performing NIL-type activities such as autograph signings and social media promotion. The primary purpose of the athlete's presence at a charity event is to bolster the attendance at the event. I mean, who wouldn't want to serve in a soup kitchen alongside one of your favorite Georgia Tech athletes? Jackets for ATLanthropy will contribute funds (GT fan donations) to the charity that will cover the cost of the student-athlete NIL compensation. Student-athlete compensation will be negotiated between the charity and the student-athlete with oversight from Jackets for ATLanthropy to ensure NCAA compliance. Please see the website for details.
I would love to get your feedback, criticisms, critiques, etc. about the site so that I can edit it to improve clarity. Before you ask any questions, though, please review the FAQ page because your answer may lie there.
The next steps are to continue meeting with the multiple Atlanta-based charities who are interested in collaborating with us and select GT student-athletes for the first event scheduled on June 25th which is a meal-packing project with a charity called Hope Atlanta. This will tentatively include multiple athletes from the football team and likely one other sport as well. We need volunteers for this event and other subsequent events listed on the website. So, please consider signing up. Please also consider making a financial contribution and spreading the word on social media.
The launch of Swarm the ATL is also anticipated soon which will present an excellent opportunity for NIL contributions in exchange for unique access to athletes and fun events. I will be contributing financially to both Jackets for ATLanthropy and Swarm the ATL and encourage your involvement with these initiatives so we can attack this NIL stuff from multiple angles. "We're at Georgia Tech. We can do that. We are doing that!!!" Go Jackets!
