The Drake Group has established a new non-profit organization under the fiscal 501(c)(3) sponsorship of the Players Philanthropy Fund – THE DRAKE GROUP EDUCATION FUND. Andrew Zimbalist, Drake President explained, “Doing so will enable two important things to happen. First, The Drake Group will be better positioned to focus on its priority mission of influencing Congress and other legislative policymakers to address the serious academic, health, and economic crises in intercollegiate athletics – our primary function as an advocacy non-profit. Second, given the 2022 success of The Allen Sack National Symposium and our webinar series on critical issues in college athletics, we are moving all of our educational and research assets to the Fund so it becomes our “public education arm” working to influence the public discourse on the need for reform.
We are grateful to the Players Philanthropy Fund (PPF), a 501(c)(3) fiscal sponsor, which will host our new organization until the IRS acts on The Drake Group Education Fund’s application for 501(c)(3) status. This PPF fiscal sponsorship immediately allows all donations and gifts to the Fund to be tax deductible and makes the Fund eligible for grants from private foundations.