TOLEDO, OHIO (August 34, 2022) – Today, Friends of Rocky, a Toledo-based name, image, and likeness (NIL) collective announced the launch of the BPS Foundation, a nonprofit organization formed with the mission to educate, encourage, and assist student-athletes in their efforts to engage with the local community through charitable causes. Coinciding with its launch, the BPS Foundation just received its Section 501(c)(3) determination letter from the IRS, making it one of the first NIL organizations in the country to earn a federal tax exemption.
The launch of the BPS Foundation will expand the opportunities to support University of Toledo student-athletes through charitable partnerships, as well as educate student-athletes on how they can capitalize on their name, image, and likeness. To date, Friends of Rocky has completed about a dozen NIL transactions with University of Toledo student-athletes, with an average $1,000 per transaction. All donations made through the BPS Foundation will be tax deductible to the extent permitted by law. Donors can choose to support all student-athletes at the University of Toledo.
