Just send an email to [email protected], they'd comb through them, and pick businesses to support.Jan 6, 2021
“What can we do to make sure you stay in business until this pandemic is over,” he asked. To apply for this fund, simply send an email to [email protected]. Portnoy says he won't be able to help everyone but has ideas on raising more money when the initial fund dries up.Dec 18, 2020
$500,000Portnoy contributed $500,000 of his own money to get the fund started. He has since raised more than $41 million to help over 420 local businesses survive Government-enforced restrictions. Among the 260,000 other contributors to the fund are many successful business people as well as celebrities.Aug 11, 2021
When donating crypto, You receive a tax deduction for the fair market value of the crypto, and you avoid the capital gains tax you would have incurred if you had sold the crypto and then made a donation. That means you're able to donate more, as well as deduct more on your tax return.
Barstool's Portnoy starts fund to help save small businesses It has since raised more than $41 million for 443 local businesses. "We've decided to turn The Barstool Fund into a full-time charity.Aug 4, 2021
@sps-ef.com. @barstoolsports.com.
Renee PortnoyDavid Portnoy / Wife (m. 2009–2017)
Barstool Sports founder Dave Portnoy has helped raise more than $22 million for scores of small businesses impacted by the coronavirus pandemic. Portnoy—or “El Presidente” as he's known to diehard Stoolies—kicked things off with a hefty $500,000 personal donation in December.
Portnoy has earned his fortune as the founder of digital sports conglomerate Barstool Sports. He sold portions of Barstool over two transactions. He first sold a majority stake in 2016 to The Chernin Group. In January 2020, Penn Gaming acquired a 36% stake from the founders for $163 million.
Rather than providing a lump sum, the Barstool fund offers monthly payments to ensure businesses receive continued support. Businesses aren't supposed to reveal how much money they were given, but are reported to have received anywhere between $5,000 to $60,000.Jul 19, 2021