National Football League Commissioner Roger Goodell
April 29, 2015

Why the NFL is Giving Up Its Nonprofit Status

From the Chronicle of Philanthropy:

The National Football League, which generates billions of dollars in revenue annually, will give up the tax-exempt status it has held since 1942, the Associated Press reports.

In a letter sent to NFL team owners, commissioner Roger Goodell called the league’s nonprofit status a “distraction” and said the league office and its management council would file returns as a taxable entity for fiscal year 2015. The organization is currently classified as a 501(c)(6) under the Internal Revenue Code.

“The change in filing status will make no material difference to our business,” Mr. Goodell wrote in the letter.

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