The New Yankee Stadium Community Benefits Fund, a charity started by the New York Yankees after they started construction on their new stadium in 2006, has been accused of distributing money unfairly by community members.
According to a report from the New York Times' Micah Hauser on Tuesday, the Yankees promised in 2006 to donate $40 million in cash grants and sporting equipment and 600,000 tickets to community members in the Bronx over four decades, but an investigation revealed the charity "has operated with little oversight or public accountability, neglecting those who live near the stadium and instead sending money to other, often wealthier parts of the Bronx that were not affected by the construction."
The money was intended for organizations in the South Bronx, where construction work on Yankee Stadium had angered locals after "more than 25 acres of treasured public parkland had been seized for the project," according to Hauser. However, donations have reportedly skewed toward organizations outside of the affected neighborhood.
Specifically, Hauser cited public records that show only $2 million of $6.8 million that was distributed by the fund between 2008 and 2015 wound up in the pockets of "charities occupying the same ZIP code as Yankee Stadium or four bordering ZIP codes."
It's also alleged that the charity funneled money—at least $300,000, according to Hauser—to organizations that share board members with the New Yankee Stadium Community Benefits Fund.
Furthermore, it's unclear who has been on the receiving end of 15,000 tickets the Yankees are scheduled to dole out annually as part of the charity's mission as the recipients are not listed in the fund's financial statements.