As if the Maloof family isn’t doing enough for skateboarding with their annual $450,000 prize purse Maloof Money Cup at the Orange County Fairgrounds, they’ve also a foundation called The Maloof Skateboarding Assistance Foundation which appears to be run by a “foundation management” company based in Las Vegas, Nevada called Coaching Charities.
According CoachingCharities.com The Maloof Skateboarding Assistance Foundation is a “501(C)(3) non-profit organization dedicated to providing support to professional skaters who suffer catastrophic injuries arising from skateboarding events.” In a USA Today story Joe Maloof explained the background for the charity.
“There’s tremendous risk in these contests,” he says. “They’re performing tricks that only the world’s top athletes have the ability to complete. We had a duty to take the lead in taking care of our own. . . “These aren’t just kids. There are a few 15- or 16-year-olds, but most are ages 19 to 35, the same age range as NBA players.”
Do people really care about skateboarders? At the Maloof Family of companies they do. And if they can get some tax relief at the same time, even better.
[Link: USA Today]
