West’s charity spent more than half a million dollars in 2010, but none of that money, ZERO, went to an actual charity.
Federal tax filings reveal that the Kanye West Foundation had expenditures totaling $572,383, with majorities going toward salaries and other overhead.
Meanwhile, according to it’s tax return, West’s foundatin made exactly $0 in contributions, gifts and rants.
Think that’s bad enough? This isn’t the first time the hip-hop superstar’s “foundation” got a bad rap. In 2009, tax returns reveal $583 went toward charitable endeavors.
Watchdog group Charity Navigator suggests no more than 15 percent of a charity’s income should go toward administration or overhead. Additionally, 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 not just one, but both 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 foundation’s former executive director Joseph Collins told The Daily that the charity is “in the process of being dissolved.”
West’s manager, Gabriel Tesoriero, did not respond to repeated requests for comment.