I'll agree then, that is a bit douchey. However, if it didn't have his name on it, I wouldnt see a problem with someone not donating.
Not if you know how to work the system. I'm sure he'll "donate" for a tax deduction to his scholarship fund when his daughter reaches 18.
who knows what he has donated in previous years either.
By contrast, Jay-Z — whose net worth Forbes puts at $420 million — gave about 0.01 percent of his estimated income to his own charity in 2010.
bottom line is that he doesn't need all that money to live comfortably, and should be doing more with it to give others some opportunities to succeed.
bottom line is that he doesn't need all that money to live comfortably, and should be doing more with it to give others some opportunities to succeed.
That's actually reasonably common when dealing with high net worth individuals, because they typically will give gifts of stock. Because stock prices fluctuate and you can't give a portion of a share, you end up with some fairly weird gift amounts. If I pledge a gift of $10,000 and pay it off with shares of Microsoft, I'm going to end up giving 329 shares based on today's trading price of 30.44, which puts my gift amount at $10,014.76 (the actual gift amount is based around a mean average on the stock price on the day the stock was transferred, but I won't get into that here). Basically, stock gifts make for weird numbers.$6,431 That's a curious amount. Is that from a donation jar at the local liquor store?
But the charity is hardly an afterthought for the rapper, formerly known as Shawn Carter. He is scheduled to perform the first of two benefit concerts at Carnegie Hall in New York City tonight, splitting the proceeds between his charity and the United Way of New York. Tickets range from $150 to $15,000. Jay-Z is rapping for free, yet it remains to be seen how many crispy Benjamins he’ll personally contribute.
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.
Global Philanthropy Group co-founder Trevor Neilson, who has advised clients like Bill Clinton and Richard Branson, said celebrities and the super-rich take different strategies when it comes to donating to their own nonprofits, but, “Jay-Z’s power to make a difference on these issues does not lie on his checkbook; it’s about his ability to make things cool, his ability to mobilize young people.”
What do you know about his plans for his money? He is bringing the nets to his home town in brooklyn which is/will/has already created hundreds and thousands of jobs and revitalized an entire neighborhood.
fall back you commie hater
I have to say, as someone who has spent a while working for non-profits, if I had to choose between Jay-Z giving us a million dollars privately or holding a benefit concert which not only raises a million dollars but also raises awareness of our institution, I'm taking the concert ten times out of ten. As with anything, it's not just about money, it's about brand awareness and getting people interested in your product. Jay-Z would probably be more valuable as a marketer for us than just a donor since he can reach a wide audience.You might say "but but but he didn't actually give any money!" but that would be disengenous. He could spend his time rapping at a paid concert, or writing new music, or working on finding a new artist for the label. Instead, he's spending his time raising a ton of money for charity.
I have to say, as someone who has spent a while working for non-profits, if I had to choose between Jay-Z giving us a million dollars privately or holding a benefit concert which not only raises a million dollars but also raises awareness of our institution, I'm taking the concert ten times out of ten. As with anything, it's not just about money, it's about brand awareness and getting people interested in your product. Jay-Z would probably be more valuable as a marketer for us than just a donor since he can reach a wide audience.
What do you know about his plans for his money? He is bringing the nets to his home town in brooklyn which is/will/has already created hundreds and thousands of jobs and revitalized an entire neighborhood.
fall back you commie hater
I have to say, as someone who has spent a while working for non-profits, if I had to choose between Jay-Z giving us a million dollars privately or holding a benefit concert which not only raises a million dollars but also raises awareness of our institution, I'm taking the concert ten times out of ten. As with anything, it's not just about money, it's about brand awareness and getting people interested in your product. Jay-Z would probably be more valuable as a marketer for us than just a donor since he can reach a wide audience.
$6,431 That's a curious amount. Is that from a donation jar at the local liquor store?
don't you mean he MOVED hundreds and thousands of jobs?
big difference.
The charity has his worthless name on it. He wants the glory, without contributing. I'm pretty sure that makes him a douche.