Buffalo Bills safety Damar Hamlin will use the $10 million given to online fundraising campaigns by well-wishers after his on-field collapse to fund his own nonprofit, the Chasing M's Foundation.
The decision, first shared with The Associated Press Monday, begins the 25-year-old's plan for the unprecedented outpouring of support that he received after his heart stopped following a tackle during a "Monday Night Football" game in January.
Hamlin’s marketing representative said in January that his family had arranged for The Giving Back Fund to act as a fiscal sponsor for the funds given to GoFundMe, which allowed Hamlin's team to fundraise as a charitable entity. At the time, Hamlin's team said the millions given to the GoFundMe would eventually be transferred to The Giving Back Fund, but they have not been.
Hamlin first started Chasing M’s Foundation in May 2020 when he was still a student playing with the University of Pittsburgh and applied last month for retroactive tax-exempt status, according to Denny. It was incorporated as a nonprofit in Pennsylvania. “I think the public needs to be educated a little bit more on checking whenever they give money and if they really think they’re giving it tax deductible,” said Lisa Delpy Neirotti, director of sport management programs at George Washington University School of Business. She encouraged GoFundMe to distinguish more clearly between fundraisers that are set up by tax exempt organizations and those that are not.
Neirotti usually advises athletes to partner with major organizations that are already working on the causes that they care about, instead of starting their own nonprofit. But she said, the windfall of having millions of dollars all at once is unusual.
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