NIL Collectives are legal entities formed by fans, supporters and boosters of college sports. NIL Collectives may take a variety of legal forms ranging from tax-exempt, nonprofit corporations, limited liability companies, or for-profit corporations.

NIL collectives function in a number of ways while trying to maximize the earning value of student athletes. They help arrange partnerships between companies and student athletes and also pool funds from boosters and fans to be re-dispersed to athletes.

The collectives are separate and independent from the colleges they are formed to support, so the legal structure and operation of each collective is at the discretion of the collective’s founders. NIL Collectives have a shared mission of helping student athletes navigate potential NIL deals, but each collective will have a different method of accomplishing this. Some may connect companies with athletes; some may enter into NIL deals directly with athletes.

Since July 1, 2021,  the NCAA Student-Athlete Endorsement Rights Act, allows student-athletes to enter commercial contracts to obtain compensation in exchange for various activities involving the use of their name, image, likeness or voice. Student-athletes may enter contracts to appear for autograph signings, to advertise products, conduct workshops with local school or youth organizations, post personalized video greetings, and for other such activities.

The Anchor Collective is committed to maximizing the revenue available for distribution to Vanderbilt student-athletes. While we must cover variable fees related to producing merchandise and products as well as our overhead such as IT, legal, marketing, and accounting, we will be distributing all of the money received beyond these expenses to the Vanderbilt student-athlete community.

The Anchor Collective offers opportunities for fans to engage with Vanderbilt student-athletes through in-person events, virtual experiences, exclusive content, merchandise, memorabilia, and more.

The Anchor Collective does not exclusively work with any Vanderbilt student-athletes.

No, the collective is not affiliated with the university in any way. It is a third party created to bring meaningful NIL opportunities to Vanderbilt student athletes. The university is prohibited by state law from arranging third-party compensation for student-athletes as it relates to NIL contracts.

Email [email protected] with any subscription or contribution questions.

Yes, identify which sport you want to support. Our platform offers full transparency of where the funds are dispersed.

You would need to speak to your accountant as this is not a one size fits all scenario. For example, some members use this as a marketing expense. To maximize the flexibility of how the Anchor Collective can distribute the money it receives we do not at this point intend to apply for 501c-3 status and any contributions can not be treated as charitable donations.