USC and the NCAA
Posted: Wed Mar 25, 2015 7:24 pm
A co-op community for Arizona Fans
http://www.beardownwildcats.com/
Haden executes the reverse Robin Hood - rob from the poor to make yourself richer.Seventeen years ago, former USC and Los Angeles Rams quarterback Pat Haden joined the board of an old, little-known charitable foundation that helps needy young people get an education.
. . .
Under Haden's leadership as board chairman, however, the $25-million foundation became a lucrative source of income for him and two of his family members -- even as its scholarship spending plunged to a three-decade low and the size of its endowment stagnated, a Times investigation has found.
Haden, his daughter and sister-in-law together collected about $2.4 million from the foundation for part-time roles involving as little as one hour of work per week, according to the foundation’s federal tax returns for 1999 to 2014, the most recent year available.
Half of that, about $1.2 million, went to Haden. His annual board fees have been as high as $84,000; the foundation paid him $72,725 in 2014.