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Hip-Hop mogul Jay-Z reportedly earned a whopping $63 million dollars in 2010, but only gave a tiny portion – $6,431 dollars – to his Shawn Carter Scholarship Fund.
Jay-Z’s publisher defended the rapper saying, “Jay, along with his family, provided office support, overhead support, [mother] Mrs. Gloria Carter’s 100 percent effort and time, computers, FedEx expenses, accounting, and treasury function support.”
The truth, however, is far different than the image his publicist is trying to paint. Actually, Jay-Z only gave $1,209 for office expenses, $1,401 for telephone and $4,696 in other expenses in 2010. And Jay-Z’s wife Beyonce didn’t give any money, not one cent, to his foundation, even though her earnings topped out at $87 million dollars in 2010.
The Shawn Carter Foundation’s charitable donations totaled $218,849, and Jay-Z’s donation was the smallest in the bunch.
What makes this all the more abominable is that Jay-Z often uses his charity to raise money. Just Monday night, Jay-Z performed at Carnegie Hall at a concert to benefit his charity. And in 2011, Jay-Z raised $1.5 million dollars at a benefit for his charity. So the question is, where’s the money?