Wednesday, February 8, 2012

Jay-Z’s Charitable Contributions Are Being Questioned

The hip-hop artist gave just $6,431 to his own charity in 2010, a year in which he earned an estimated $63 million, according to tax records for the Shawn Carter Scholarship Fund examined by The Daily. Jana Fleishman, his representative, declined to say whether Jay-Z has given any cash to the fund since 2010, but notes that he 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 in an email to The Daily. Fleishman also said that in 2011 — a year for which tax returns for the charity are not yet available — a Jay-Z performance helped raise $1.25 million for the charity at its Carnival at Pier 54 event.

Full Story: The Daily

I don’t think Jay-Z is obligated to give cash to the charity and clearly he is raising money by other means.

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