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Hip-Hop Rumors: Is Jay-Z Stiffing his Own Charity?

Photo Credit: Wire Image

Just one day after Jay-Z’s historic concert at Carnegie Hall in New York City to benefit United Way and his Shawn Carter Foundation, The Daily released an article exposing his lack of financial support for the charity. While Jay-Z earned an estimated $63 million last year, his tax records show that he donated just $6,431 to his own charity in 2010, while Beyonce didn’t donate a dime.

Jay-Z’s long time publicist Jana Fleishman declined to say whether Jay-Z has given any cash to the fund since 2010, but notes that he contributes in other ways.

Jay-Z and his mother Gloria

“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 e-mail to The Daily.

Still, tax records show the charity had to pay $1,209 for office expenses, $1,401 for telephone, and $4,696 in other expenses in 2010.

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.

This is really surprising. Do you think Jay-Z should donate more cash money to his charity?

Source: The Daily.com

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