Articles on Donations

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University of Michigan star forward Yaxel Lendeborg revealed that he’d been offered millions of dollars to transfer to another school. Gregory Shamus/Getty Images

The nonprofit status of NCAA athletic departments is starting to raise questions

In an era of billion-dollar TV deals and million-dollar payments to players, the tax code continues to treat university athletic departments as organizations that promote education and amateur sports.
(L-R) Jean-Paul Claverie, adviser to LVMH chairman Bernard Arnault; Rima Abdul-Malak, then French minister of culture; and Christophe Leribault, president of the Musée d'Orsay, stand in front of Gustave Caillebotte’s “La Partie de bateau” (The Boating Party) following its arrival at the museum in Paris in 2023. Anne-Christine Poujoulat/AFP

The group Louis Vuitton (LVMH), a gift to the Musée d’Orsay and a huge tax incentive – business as usual?

In 2023, the French luxury giant LVMH participated in the acquisition of an Impressionist painting by the Musée d’Orsay, a transaction combining patronage, public relations and tax optimisation.

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