Monday, June 8, 2020

Eugene, what did you step in ??

Eugene Melnyk is stepping in manure, at every step he takes. Every single step.

He makes it worse by picking fights with his own organisation's Charitable Foundation, also at a time when there's no hockey , a global pandemic, and literally no sports on to watch. It's like a "look at me moment" in the making.

Eugene Melnyk's charity previously directed a small fraction of the money it generated toward its intended cause.

The Ottawa Senators owner created  The Organ Project - a private, Toronto-based not-for-profit foundation - in 2016, with the goal of ending the organ transplant waiting list and "changing the current environment so that, in the near future, nobody in Canada will die while waiting for an organ transplant."

However, while it gained $991,708 in revenues during 2018, it contributed barely $5,000 of that to organ donor awareness, according to Richard Gibbons, who cited filings from the Canada Revenue Agency.

Melnyk's charity is separate from the Senators Foundation - the team's charitable arm - which announced its intent to sever ties with the club last week.

The Senators Foundation donated $100,000 to The Organ Project at a charity gala in 2018.

Of the roughly $1 million taken in by Melnyk's charity, it spent $779,464 on fundraising costs and another $238,118 on management and administration, according to the filings obtained by Gibbons, who was informed that these types of figures are "almost certain" to be scrutinized by tax officials.

Unlike the Senators Foundation, the Organ Project doesn't require a board of directors to oversee operations, and according to Gibbons, the latter entity appeared to be directed solely by Melnyk. However, it shut down in 2019 and didn't fulfill a promise to reopen this spring.

The Senators and their foundation will formally part ways if they're unable to resolve their dispute by July 31.


In the meantime, Melnyk has 2 picks in the first 6 of the upcoming NHL draft, let's see if he's going to step in manure again.



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