User Tag List

Results 1 to 8 of 8

Thread: Jay-Z Made $63 Million In 2010 But Reportedly Only Gave $6,000 To His Own Charity

  1. #1
    Born 2 Revolutionise Executive Director Krizzle's Avatar
    Join Date
    Jun 2009
    Location
    Space
    Posts
    15,158
    Than/ks (Given)
    323
    Than/ks (Received)
    548
    Likes (Given)
    1649
    Likes (Received)
    871
    Dislikes (Given)
    4
    Dislikes (Received)
    3
    Mentioned
    279 Post(s)
    Tagged
    0 Thread(s)

    Default Jay-Z Made $63 Million In 2010 But Reportedly Only Gave $6,000 To His Own Charity

    Jay-Z is worth $420 million dollars according to Forbes. No doubt he's worked hard for it. The question is, when you're that wealthy do you have an obligation to give back to those less fortunate? Or at the very least break off a chunk of cash for your own charity?

    Those are questions Jay-Z is probably thinking about today after The Daily published a report claiming the superstar rapper made $63 million dollars in 2010, but only gave $6,431 to his own charity. The Daily came up with those numbers by examining tax records for the Shawn Carter Scholarship Fund.

    Hov's wife, Beyonce, reportedly made $87 million dollars that same year, but did not donate any money at all to the Foundation.

    According to the report, the average American gives about 3.5 percent of their income to charity. Jay-Z gave about 0.01 percent of his estimated income to his own charity in 2010.



    The Foundation was established in 2003 by Jay and his mother, Gloria Carter. According to it's mission statement "Shawn Carter Scholars are studying at nearly 100 institutions of higher learning throughout the nation." Scholarships awarded help students with "the costs of books and lab fees, food, travel and other self-care expenses." But where exactly is the money to fund these endeavors coming from if Jay-Z is contributing so little?

    Hov's representative, Jana Fleishman, told The Daily that the rapper contributes in other ways.

    “Jay, along with his family, provided office support, overhead support, [mother] Mrs. Gloria Carter’s 100% effort and time, computers, FedEx expenses, accounting, and treasury function support. This was at no cost to the charity,” Fleishman said.

    The Daily noted that tax records show the charity only had to pay $1,209 for office expenses, $1,401 for telephone, and $4,696 in other expenses in 2010.

    Fleishman also said that in 2011 Jay-Z helped raise $1.25 million for the charity at its Carnival at Pier 54 event. The Daily couldn't verify those numbers because tax records for 2011 are not yet available.

    To be fair to Hov he is playing two Carnegie Hall concerts for free (the first was last night, the second is tonight). Proceeds are being spit between the United Way of New York City and The Shawn Carter Scholarship Foundation, but it's not known exactly how much money that will translate into for the foundation.

    http://www.thedaily.com/page/2012/02...z-charity-1-3/
    "I mentioned to him (Kastro) about Makaveli Board and he said that Makaveli Board is family to him"

    I can't keep worrying bout the things in my life I can change
    Dear Lord give me the strength to fight the evil in this game
    Ooh I close my eyes and get down on my knees
    Pray to the heavens protect my family
    If I leave that's good enough for me

    -Big K.R.I.T- Good Enough

  2. #2
    2 Corinthians 5:7 Jah's Avatar
    Join Date
    Mar 2010
    Location
    ...Location...Location...
    Posts
    7,685
    Than/ks (Given)
    653
    Than/ks (Received)
    560
    Likes (Given)
    1061
    Likes (Received)
    987
    Dislikes (Given)
    0
    Dislikes (Received)
    2
    Mentioned
    94 Post(s)
    Tagged
    0 Thread(s)

    Default

    lmao at celebrities and their foundations
    just another way to caress the ego for a lot of them
    Jahrama - Ill$tyle Ikonz




    "Finally, be strong in the Lord and in his mighty power. Put on the full armor of God so that you can take your stand against the devils schemes.

    For God has not given us a spirit of fear and timidity, but of power, love and self-discipline.

    Forget about what happened long ago! Don't think about the past. I am creating something new. There it is! Do you see it?"

    The Word

  3. #3
    New York State Of Mind Ghostface's Avatar
    Join Date
    Dec 2009
    Location
    New York
    Posts
    8,942
    Than/ks (Given)
    450
    Than/ks (Received)
    688
    Likes (Given)
    423
    Likes (Received)
    1582
    Dislikes (Given)
    8
    Dislikes (Received)
    0
    Mentioned
    331 Post(s)
    Tagged
    0 Thread(s)

    Default

    people would only read the title of the thread and then come in here hatin pretty soon. i expect to read "gayz" at least once in this thread

  4. #4
    2 Corinthians 5:7 Jah's Avatar
    Join Date
    Mar 2010
    Location
    ...Location...Location...
    Posts
    7,685
    Than/ks (Given)
    653
    Than/ks (Received)
    560
    Likes (Given)
    1061
    Likes (Received)
    987
    Dislikes (Given)
    0
    Dislikes (Received)
    2
    Mentioned
    94 Post(s)
    Tagged
    0 Thread(s)

    Default

    *cock-a-fella*







    Jahrama - Ill$tyle Ikonz




    "Finally, be strong in the Lord and in his mighty power. Put on the full armor of God so that you can take your stand against the devils schemes.

    For God has not given us a spirit of fear and timidity, but of power, love and self-discipline.

    Forget about what happened long ago! Don't think about the past. I am creating something new. There it is! Do you see it?"

    The Word

  5. #5
    Designer Elion's Avatar
    Join Date
    Jul 2010
    Location
    Pristina, Kosovo
    Posts
    4,243
    Than/ks (Given)
    89
    Than/ks (Received)
    418
    Likes (Given)
    24
    Likes (Received)
    551
    Dislikes (Given)
    0
    Dislikes (Received)
    0
    Mentioned
    86 Post(s)
    Tagged
    0 Thread(s)

    Default

    "You got a lot of nerve to play me, another gay rapper, bustin' caps to Jay-Z."

    hahahahahahaha

  6. #6
    Ride or Die J Lethal's Avatar
    Join Date
    Mar 2010
    Location
    Detroit
    Posts
    1,375
    Than/ks (Given)
    0
    Than/ks (Received)
    16
    Likes (Given)
    0
    Likes (Received)
    21
    Dislikes (Given)
    0
    Dislikes (Received)
    0
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)

    Default

    That's pretty bogus. I think he could've put more into it considering its his own charity.

  7. #7
    Life Goes On Dice's Avatar
    Join Date
    Feb 2011
    Posts
    2,291
    Than/ks (Given)
    156
    Than/ks (Received)
    275
    Likes (Given)
    419
    Likes (Received)
    658
    Dislikes (Given)
    0
    Dislikes (Received)
    1
    Mentioned
    79 Post(s)
    Tagged
    0 Thread(s)

    Default

    why have so much money when you have everything you can buy in the whole worl if i was that rich myself id feel guilty when there is people out there starving and have no clothes if it was my money id give it to people who is really in need of money

  8. #8
    Who Do You Believe In? 2Pacalypse_Now's Avatar
    Join Date
    Jul 2011
    Posts
    549
    Than/ks (Given)
    68
    Than/ks (Received)
    23
    Likes (Given)
    60
    Likes (Received)
    64
    Dislikes (Given)
    0
    Dislikes (Received)
    0
    Mentioned
    30 Post(s)
    Tagged
    0 Thread(s)

    Default

    eh i'm not surprised, Jay-Z hasn't ever come off as generous to me. lol but wow look at how much more Beyonce makes then Jay-Z, guess we know who wears the pants in that relationship... HA HA

Similar Threads

  1. O Shit, Jay-Z Tops 2011 Forbes Hip-Hop List
    By Krizzle in forum Discussions
    Replies: 8
    Last Post: 08-27-2011, 05:27 AM
  2. 'All Eyez On Me' - world wide sales figures????
    By BayAreasFinest in forum Makaveli Discussions
    Replies: 5
    Last Post: 05-28-2011, 12:02 AM
  3. Replies: 3
    Last Post: 02-18-2011, 12:11 PM
  4. Hip-Hop's Top 20 Earners for 2010
    By C-Matic in forum Discussions
    Replies: 12
    Last Post: 08-19-2010, 12:52 PM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •