A-Rod's 2006 Charity Poker Tournament Helped His Foundation Raise $400K That Year, But Only $5K Was Donated To Charity: Report
The Boston Globe Says That Slugger's Foundation Was Not Too Charitable
New York Yankees third baseman Alex Rodriguez has just taken another huge public relations hit after he apparently used a 2006 charity poker tournament to repair his image.
In a scathing exposé by the Boston Globe on the successes and failures of nonprofits associated with professional athletes, Rodriguez was pointed out as starting a foundation that only gave one percent of its proceeds to charity in 2006 — the year it was founded.
The A-Rod Family Foundation reportedly then stopped submitting mandatory financial reports to the Internal Revenue Service and thus lost its tax-exempt status.
The year 2006 was also when his foundation held a poker tournament to raise money.
The Boston Globe’s Callum Borchers wrote:
Rodriguez talked openly about his desire to reverse bad publicity in 2006 after being exposed as a member of an underground poker club. He started a foundation and teamed with rapper Jay-Z to host a celebrity poker tournament for charity.
“I got in some trouble for poker last year, so why not turn it around and raise some money for the children?” Rodriguez said in an interview with MLB.com at the time.
The event helped the A-Rod Family Foundation raise $403,862 in 2006, but little found its way to charity, according to IRS records. The foundation gave $5,000 to Jay-Z’s Shawn Carter Scholarship Fund and $90 to a Little League Baseball club in Miami.
It’s unclear where the rest of the money went.
Image via NY Daily News/Getty Images.
|1||Alex Jacob Falls Short On Latest Jeopardy|
|2||Judge Sides With High-Stakes Poker Player|
|3||Chinese Cops Raid PokerStars Live Tournament|
|4||Jon Stewart Rips Chris Christie Over Online Gaming|
|5||Grandmother Denied $41 Million Slot Jackpot|
|6||Jonathan Duhamel, PokerStars Part Ways|
|7||Poker Professional Throws Out First Pitch|
|8||Join Card Player Poker School, Get Free $15|
|9||Paul Leads WPT SHR Poker Showdown Final Table|
|10||Griffin Paul Wins 2015 WPT SHR Poker Showdown|
|1||Jeopardy Fans Irked By Alex Jacob's Playing Style|
|2||Watch What Happens After This Player Slowrolls|
|3||Poker Player's Unorthodox Strategy Crushes Jeopardy|
|4||Poker Legend Dave 'DevilFish' Ulliott Passes Away|
|5||Alex Jacob Challenged On Fourth Jeopardy Appearance|
|6||Oregon Woman Wins Three Straight Poker Tournaments|
|7||Woman Found Guilty In Poker Player's Murder|
|8||Online Poker: Jean-Robert Bellande Wins $121K|
|9||Alex Jacob Ups Jeopardy Win Streak To Five|
|10||Alex Jacob Falls Short On Latest Jeopardy|