Taft Cincinnati associate Donnie Naiman was recently quoted in the Law360 Tax Authority article, “Student-Athlete NIL Collectives Testing Tax Exemption Waters,” published on May 6. The article discusses the potential longevity and implications of the recent IRS decision to grant tax-exempt status to several organizations that benefit financially from using student-athlete NILs. 

In referencing examples of charitable NIL entities, Naiman stated that the nonprofit, Hoosiers for Good Inc., “was formed with the intention of raising awareness for charitable causes throughout Indiana — by teaming local charities with community-minded Indiana University student-athletes who choose to use their platform and influence to amplify philanthropic work helping our community thrive.”

To read the full article, visit here (subscription required).

Naiman is an associate in the Private Client and Business Succession Planning practice groups and also assists nonprofit organizations navigate the stringent requirements for entity formation, tax-exempt status, and state charitable solicitation registration. He earned his MBA from Webster University and his J.D. from The Ohio State Michael E. Moritz College of Law after serving in the military for eight years.