Jay-Z earned $63 million in 2010 and donated $6,431 to his own charity that year, according to an examination of tax records for the Shawn Carter Scholarship Fund by The Daily.
But he is splitting the proceeds from his Carnegie Hall concerts between the charity and the United Way of New York.

A representative said in a statement provided to The Daily that Jay-Z (real name: Shawn Carter) contributes in other ways, and that his mother works at the charity for free:

“Jay, along with his family, provided office support, overhead support, Mrs. Gloria Carter’s 100% effort and time, computers, FedEx expenses, accounting, and treasury function support. This was at no cost to the charity.”

The Shawn Carter Scholarship Foundation, received three donations in 2010, totaling $218,849, The Daily noted.

The representative also noted that in 2011, a year for which tax returns for the charity are not yet available, the artist helped raise $1.25 million for the organization by performing at a free concert.

Forbes estimated Jay-Z’s net worth at $420 million.


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2 COMMENTS

  1. I think jay z can spend hi money the way he pleases… i’m just glad to see him go from the projects to the profits.. kudos to you Jay z, at least his millions were easrned not handed down to him.. love jay and kanye!

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