Report: The Yankee Stadium charity is a secretive, self-dealing boondoggle
The New York Times has a blistering report on the New Yankee Stadium Community Benefits Fund. The Fund is the charity the Yankees created in 2006 as a means of making up for the negative impact the construction New Yankee Stadium had on the surrounding community, primarily via its taking over 25 acres of parkland.
The idea of the Fund was a good one: to distribute $40 million in cash grants and sports equipment, and 600,000 free baseball tickets to community organizations in the Bronx over four decades. And it has been distributing funds and tickets. As the Times reports, however, the manner in which it has done so raises some red flags. Such as:
- Charitable donations have, in an amazing coincidence, often gone to other charities which share common board members with the New Yankee Stadium Fund;
- Funds have gone to many wealthy groups in affluent parts of the Bronx far away from the Stadium while the area around the stadium remains one of the most impoverished in the nation. For example, a private school in a wealthy part of the borough and a rec center in a gated community have gotten a lot money that, one would think anyway, could be and should be devoted to organizations closer to the ballpark that are in greater need; and
- There has been almost no transparency or oversight of the Fund. Reports which were supposed to have been submitted have not been. And no one, apart from the Times anyway, seems to care. The Yankees certainly don’t seem to. Indeed, as the article notes, the team has worked hard to keep the Fund’s operations out of its hands. They just got their new ballpark and write the checks and hand out the tickets. Everything else is someone else’s problem.
Cronyism in private philanthropy is not uncommon. As is a lack of oversight. Often it’s the best connected people who receive the benefit of such funds, not the people most in need. This is especially true in charities whose creation was not born of a philanthropic impulse as much as it was born of a need to put a good face on some not-so-good business dealings.
If the Times’ report is correct -- and the lack of anyone coming forward to dispute it on the record despite the Times’ requests that they do suggests it is -- it appears as if the New Yankee Stadium Community Benefits Fund is one of those sorts of charities.