What does NASCAR do with the money from fines against the owners and drivers?

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<p> <span style="font-size: 18px;">What does NASCAR do with the money from the fines they levy against the owners and drivers?</span></p>

What does NASCAR do with the money from the fines they levy against the owners and drivers?

— B. Linely, Morristown, Tenn.

Thankfully, it goes to a good cause and not back into the sport’s already deep pockets. Beginning in 2008, NASCAR mandated that all fines from competitors go to the NASCAR Foundation, which raises funds and increases volunteerism to support nonprofit charities and charitable causes with an emphasis placed on initiatives that affect children.

Of course, since owners and drivers are essentially making a charitable donation, it begs the question whether the money is tax-deductible. Or worse, if penalty checks — typically somewhere between $50,000 and $200,000 per major offense — are written directly to NASCAR, can the sanctioning body itself write off that money? It certainly makes one wonder.

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