Cavalier Corner

April 2023

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32 CAVALIER CORNER Student-athletes are actively engaging in name, image and likeness ("NIL") op- portunities at the local and national level. It's provided student-athletes a good op- portunity to grow personally and profession- ally. However, not all NIL opportunities are permissible under NCAA rules. NCAA rules preclude NIL opportunities from being used as a recruiting inducement. Stated another way, an NIL opportunity can- not be used to entice a prospective student- athlete to attend the University of Virginia. Even if an NIL opportunity involves com- pensation for work performed, the opportu- nity would violate NCAA rules if it was predi- cated in any manner on enrollment at the University of Virginia. For example, a prospec- tive student-athlete cannot be offered an NIL opportunity with a local business in exchange for attending the University of Virginia. We want our student-athletes to have as many NIL opportunities as possible. How- ever, we must remember that NIL opportuni- ties need to be legitimate arrangements in which work is performed in exchange for compensation, cannot be pay-for-play, and cannot be an inducement to attend or re- main at the University of Virginia. If you have any questions, please contact COMPLIANCE CORNER Contact the Virginia Athletics Foundation to learn about the benefits of these gifts: Bequests and Beneficiary Designations | Life Income Gifts | Qualified Charitable Distributions | Gifts of Non-Cash Assets, including Stock and Real Estate PLANNED GIFTS COMBINE YOUR PHILANTHROPIC GOALS WITH SMART FINANCIAL STRATEGIES. | 434-982-5555 If you are at least 70½ years old, you are eligible to make qualified charitable distributions from your IRA of up to $100,000 annually. QCDs used to make outright gifts to the VAF are excluded from federal taxable income and also count toward required minimum distributions. USE YOUR IRA to SUPPORT the VAF & VAF NEWS NOTABLES On Saturday, March 4, more than 150 UVA men's basketball alumni, managers and their families returned to Charlottesville for the 2023 Men's Basketball Reunion. The reunion was highlighted by a 75-60 victory over Louisville. Along with the win and securing the No. 2 seed in the ACC Tournament, the Cavaliers honored Francisco Caffaro, Chase Coleman, Armaan Franklin, Jayden Gardner and Ben Vander Plas for Senior Day. Following the game, a reception was held in the CoStar Group Cavalier Club at John Paul Jones Arena for alumni and their guests to enjoy dinner and time together. Dirk Katstra, Exec- utive Director of the Virginia Athletics Foundation, let guests know there were seven decades of alumni represented at the event with the oldest alumnus from the 1951 class. Dean and Markel Families Men's Head Basketball Head Coach Tony Bennett stopped by to address the group, providing highlights from the game and season. He also shared thoughts about the future of the program and thanked them for their continued support. Associate Head Coach and former player Jason Williford (Col '95) also shared with the group, "It is always a treat having former Wahoos in the house. UVA has always been family to me, and it meant a lot seeing so many former players, managers, and staff back at JPJ. Wahoos 4ever!" Men's Basketball Reunion

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