Can we get a look at Garnet Trust's books? Or any NIL?

[18IsTheMan]

Garnet Trust is a non-profit 501(c)(3), which I think means their financial records have to be made public. Could be wrong on that. NIL collectives that are 501(c)(3) have to file a 990 with the IRS, I believe. From what I can tell, they are required to maintain transparency for accountability purposes as they are a non-profit entity. Would be fascinating to get a look at the books of some collectives. Don't know if we'd get to see how much individual players are actually getting.

 

[will110]

Garnet Trust is a non-profit 501(c)(3), which I think means their financial records have to be made public. Could be wrong on that.

Garnet Trust isn't a non-profit. Garnet Trust Foundation is the non-profit.

On the financial records...no idea. Good question for someone at Garnet Trust. I imagine if you donate they'd be happy to let you see that info.

Edit: I just searched Garnet Trust Foundation with the Secretary of State's charity search and there's no financial information listed yet.

 

[18IsTheMan]

Garnet Trust isn't a non-profit. Garnet Trust Foundation is the non-profit.

On the financial records...no idea. Good question for someone at Garnet Trust. I imagine if you donate they'd be happy to let you see that info.

ahhh, lol, gotcha. Had to figure they were too smart for that.

I see some NIL collectives are formed as not-for-profit entities. I imagine most went with for-profit status for good reason...to keep people in the dark.

 

[Deleted11512]

ahhh, lol, gotcha. Had to figure they were too smart for that.

I see some NIL collectives are formed as not-for-profit entities. I imagine most went with for-profit status for good reason...to keep people in the dark.

Yep. I'm sure they can produce some highly summarized statement for those contributors that request it.

 

[18IsTheMan]

Yep. I'm sure they can produce some highly summarized statement for those contributors that request it.

 

[KingWard]

Lightly redacted.