TheTampa Bay Business Journal announced the 2020 honorees for One Tampa Bay, anaward that honors nonprofit organizations and for-profit companies for theirphilanthropic efforts.
The 2020class featured 17 corporate philanthropy honorees and 21 nonprofitorganizations, out of over 220 nominations. These honorees were featured in aspecial section in the weekly edition of the Tampa Bay Business Journal on Nov.20.
"Theseawards bring together the region's nonprofit organizations with the companiesgoing above and beyond when it comes to giving back to the community."
By Brendan Ward, Tampa Bay Business Journal:
While it is registered as a 501(c)(3) organization, theOutback Bowl is not a charity. The designation comes in a part because of itscontributions to universities from participating conferences. The other part isthe donations the organization makes to local Tampa Bay charities annually.
Currently, it contributes about $6.5 million a year touniversities, totaling to date $155 million since inception in 1995 (it hasorigins back to 1985 as the original Hall of Fame Bowl).
It also donates at least $500,000 each year to charitiesthat are either based in or have a large presence in the Tampa Bay market. Evenduring 2020, when much of the organization's revenue dried up, it kept that$500,000 goal. It also committed to continue this giving each year goingforward for a total of at least another $2.5 million over the next five years.
Donations are primarily directed by its board members tospread to dozens of organizations which are working to improve the lives ofTampa Bay residents. Since 2016, the bowl has already donated over $2 millionto more than 125 nonprofits. That is in addition to the more than $6 millioneach year contributed to universities from the Big Ten and SoutheasternConferences.