Daniel Snyder oversaw one of the largest scandals in modarn NFL history when he was the owner of the Washington Commanders up until last year.
By now, the story is well known. “Toxic workplace culture” and allegations of “financial misconduct” were terms we became accustomed to as the NFL, the federal government and Congress looked into widespread allegations against the disgraced former owner and the professional organization.
Several months removed from being forced to sell the Commanders to a group led by Josh Harris, Snyder is in the news again. It’s not for what you might think.
According to The Washington Post, Snyder has donated his sprawling Maryland-based mansion to the American Cancer Society. Overlooking the Potomac River, this had served as the primary residence for the Snyder family for over two decades.
He had originally purchased the mansion from King Hussein and Queen Noor of Jordan for $8.64 million back in 2001.
Snyder put the 30,000-square-foot estate on the market back in 2023 for $49 million. He then reduced the price to $34.9 million before ultimately opting to donate it to the American Cancer Society.
Related: Washington Commanders Owner Josh Harris Promises To Change Culture
No, Daniel Snyder Is Not Completely Altruistic
It’s a feel-good story. The American Cancer Society certainly could use the funds that comes with selling the estate. After all, it’s absolutely glorious.
However, the donation comes with a significant tax benefit. Snyder had tried to sell it back in 2018. It did not come to fruition. Back in 2022, the property’s tax value was near $18 million.
By donating it, Snyder would get a tax deduction at the appraised value. If it is $45 million, that will end up being his deduction.
Either way, Synder actually has some good headlines in the news cycle for the first time in decades. An awesome organization also benefits.