Real answer are probably tax benefits for Ross.
He can now report a $100M donation, let it grow for 20 years, pay the actual donation, and pocket the remainder tax free.
He can now report a $100M donation, let it grow for 20 years, pay the actual donation, and pocket the remainder tax free.
However -
> The USPOC currently supports ~4500 athletes, or ~$22,222 each.
Machinations of the uber rich and the morality of them aside, they would've gotten nothing and now they're getting something.
You can't claim a donation while still holding onto the money?
It’s not like he needs these funds to buy groceries or pay the mortgage. He’s essentially hoarding assets like all billionaires are.
This is a simplistic example for illustration, the actual financial engineering would certainly create much more complexity in order to obscure things for auditors and the like. But the point is that he/his fiduciary is the one controlling it all.