re: Loyola Marymount to cut 6 sports in response to NIL

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Many of these collective's donors are doing just that. They are donating money to the collective and in return are getting a tax deduction for doing so. So, any donor expecting to have it offset their taxes have to have it on the up and up because they are reporting the donation to the IRS as should the collective be as well.

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No one is writing off a donation to the collective.

If the write-off is important, it is a NIL deal with individual players. That is a marketing expense for a company.

If the write-off is not important, it is going to the collective.

The "issue" that no one is discussing is "what is the benefit to the funder of NIL/Collectives". In the past, colleges and universities gave out perks for donation levels.
None of these large financial investments are permissible for university perks.

At some point, a lot of this novel money will dry up (how long will one stroke huge checks to finish 2nd or 3rd or 5th in conference).
This isn't the NFL where an investor is part owner and reaps in profits for success.

Anyway, be on the lookout for this issue 3-5 years from now. And be on the lookout for abuse (i.e. universities getting busted for giving perks to NIL donors when the rules have clear separation between the university and NIL)