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During the twenty-first century, the professional athlete's net worth has increased as salaries have skyrocketed. (1) For those talented enough to earn million-dollar salaries each year, there is also the [...]

The article discusses why several athletes are creating nonprofit foundations these days and how an athlete can start his own foundation and make it successful. The article also gives certain examples of successful nonprofit organizations. It highlights the trademarks of a successful athlete-sponsored foundation. It suggests that an athlete must understand that running a nonprofit foundation is a time-consuming process and requires hard work. It also suggests hiring professionals with experience.