Wednesday, February 8, 2012

Jay-Z allegedly not supporting his own charity


Jay-Z's business and musical acumen has been well documented. But, on the eve of his Carnegie Hall performance, news broke that Jay-Z has made minimal donation to the charity that bares his name, Shawn Carter Foundation. Hip Hop Wired reports:

According to tax records dug up by The Daily, Hov only chipped in a whopping $6,431 to the charity in 2012. To put it in perspective, he earned an estimated $63 million that year. That's roughly .01% of his total earnings. If you think that's bad, his superstar wife Beyoncé gave her hubby's charity a big fat nothing in 2010 while she raked in a Forbes estimated $87 million.

According their website, the Shawn Carter Scholarship Foundation was established back in 2003 and has given over $1.1 million in scholarships to over 750 students. Whether or not any of that $1.1 million has come directly from the deep pockets of Jay-Z is anybody's guess.

Nevertheless, Jay-Z's representative Jana Fleishman reportedly declined to state if Jay's own money has been contributed to the fund since 2010 but did cite that a 2011 performance at the Carnival at Pier 54 event raised $1.25 million for the charity.

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