Tampabay.com

FEBRUARY 22, 2012

Kanye West Foundation spent $572k, gave away $0

rsz_tbd-kanyewest022312.jpg

Instead of following the latest developments in Lindsay Lohan's legal woes (she got a good progress report in court Wednesday, okay?), let's talk about how Kanye West's charity apparently doesn't give to, you know, charity. Careful, Kanye, that kind of stuff got Wyclef Jean in big trouble.

Fox News says in the Kanye West Foundation's 2010 tax filing, it reported $572,383 inexpenditures, mostly for overhead and salaries. As far as how much it gave away, that sum totalled zero. That's right, $0. That's down from even 2009, when the foundation spent $553,826 and gave away a grand total of $583.

The charity only has one program, and that's been shut down -- the Loop Dreams initiative, which taught kids about music production in two L.A. schools and a community center, Fox says. West's total contribution to his own charity totalled $123, 501, more than the group's other four contributors all put together. Performing at the Victoria's Secret Fashion Show is expensive!

The foundation is closed -- it only had $29,090 in funds at the end of 2010 -- but it's still listed as a non-profit with the IRS. But hey, don't fault Kanye too much: Fox points out his pal Jay-Z, who made $63 million in that same year, only gave away $6,431.

[Photo: Getty Images]

Source

Join the discussion: Click to view comments, add yours
Loading...

About the blogger

Here's the latest celebrity gossip and news about actors on drugs, pop stars having babies, Hollywood stars getting married and celebrity deaths. Compiled by jack-of-all-trades Joshua Gillin and the folks at tbt*, Tampa Bay's free daily newspaper, it pokes fun at celebrity gossip and those who worship it. And don't forget the amazing YouTube clips that find their way into the Juice.

E-mail Joshua Gillin: jgillin@tampabay.com.

Advertisement

Advertisement

Video

Registration FAQ

Read our Frequently Asked Questions on how to register to comment on the site.