BOULDER — Former University of Colorado golfer Stephen Kerr — who has been indicted on tax evasion charges after federal officials say he concealed millions of dollars in assets in Swiss bank accounts — has been a big-time donor to the CU athletics program.
Kerr was among the 2005 founding members of the “Buff Club Cabinet,” an upper echelon of donors who pledge to give at least $25,000 to CU’s Athletic Department every year for at least three years. But Kerr switched his priorities from giving through the Buff Club Cabinet to investing in the Colorado National Golf Club in Erie, the home course for CU’s golf teams.
“He had been what we’d consider a significant donor,” said athletic director Mike Bohn. “He was in our original group but lowered his giving to help with the golf course.”
The future of ties between CU’s golf teams and the Colorado National Golf Club, owned by Kerr, are unclear. The course was purchased with money from off-shore accounts, according to the indictment.
For the complete story, go to:
