Famed OWS Supporter’s Charity Gave $0 to Charity in 2010

Posted by on Feb 21, 2012 at 4:59 pm

Must have been a clerical error or something, considering this so-called “charity” spent $572,383, especially when you consider how charitable the Kanye West Foundation was  in 2009, when it donated a whopping $583.

Normally this would be something for the IRS to look into, but that would obviously be racist.

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.

So this charity spent over a million and donated $580. Geez, give this man an award.

Nonprofit watchdog group Charity Navigator suggests no more than 15 percent of a charity’s cash flow should go toward administration or overhead. The Better Business Bureau’s Wise Giving Alliance recommends charities spend at least 65 percent of their total expenses on program activities.

The Kanye West Foundation failed to satisfy either of those standards. The majority of the organization’s expenses — $339,829 of it — was spent on salaries, wages and benefits.

Another $111,250 went toward “professional fees,” $56,920 on similarly ambiguous “other expenses,” and $48,385 on “travel, conferences and meetings.”

“The IRS would be very interested in those expenses,” said former IRS Exempt Organizations Division director Marc Owens, now a lawyer in Washington, D.C. “Sounds like they had a kind of a sloppy back office.”

That, or he’s probably using Al Sharpton’s accounting firm.

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3 Responses to “Famed OWS Supporter’s Charity Gave $0 to Charity in 2010”

  1. cali on 22/22/12 at 6:16 am

    Of course this all is bogus, but hey, he doesn’t want to pay taxes, after all having this ‘creative accounting’ is simply to hide the tax evasion.
    What a sumbag!

  2. Blue Hen on 22/22/12 at 2:02 pm

    Meanwhile, Catholic Relief Services, which has minimal overhead, will be forced to pay for abortions. I wonder if this titan of philanthropy is cranking out the abortions like good little obamabots?