- Category: Makin' It Rain
- Created on Wed Feb 22 2012
Would it surprise you to learn that Kanye West has given away practically nothing with his charity? Of the $500K+ that Kanye’s charity raised, $583 went to charity. It gets worse with Jay-Z. Find out how much of the $63M Jay-Z has collected has gone to charity. Let’s just say that these guys would make great politicians…
Kanye West charity spends lots of money, just not on charity
By The Daily/Newscore
Hip-hop superstar Kanye West's charity spent more than a half-million dollars in 2010 — but none of that money went to actual charitable causes, The Daily reported Tuesday.
An analysis of federal tax filings reveals that in 2010, the Kanye West Foundation had expenditures totaling $572,383, with the majority going to salaries and other overhead expenses.
Meanwhile, the charity gave nothing to charity that year. According to its tax return, West's foundation made precisely $0 in contributions, gifts and grants.
And this isn't the first time the Kanye West Foundation has given celebrity charities a bad rap.
In 2009, it was slightly more frugal, spending $553,826 — but of that amount, just $583 went toward charitable endeavors.