Wednesday, March 12, 2014

Lady Gaga's $2.1 Million Charity Only Donated $5K

Posted By on Wed, Mar 12, 2014 at 4:00 PM

Lady Gaga.
  • Photo by JStone / Shutterstock.com
  • Lady Gaga.

Lady Gaga's Born This Way Foundation was designed "to foster a more accepting society, where differences are embraced and individuality is celebrated," according their website.

A breakdown of BTWF's 2012 tax report by Roger Friedman for Showbiz 411 reveals the foundations lack of grants to organizations and individuals in comparison to the $2.1 million in net assets the foundation claimed.

I wonder what spending $50,000 on social media gives you in return. Or how many ornate and freakishly over the top outfits/costumes and head gear Lady Gaga could buy with $808,661 spent on "other."

BTWF's President Cynthia Germanotta, Lady Gaga's mom, spent $150,000 on philanthropic consulting but only $5,000 on actual grants for organizations and individuals who are trying to make society more accepting.

According to Friedman here's where the money went:

$300,000 in strategic consulting
$62,836 on stage productions
$50,000 on social media
$50,000 on event coordination
$406,552 on legal
$150,000 on philanthropic consulting
$60,000 on research
$58,768 on publicity fees
$78,000 on travel
$72,000 on salaries
$808,661 on "other"
$5,000 on grants to organizations or individuals

The question being asked is if Lady Gaga's foundation has actually help anyone so far besides the lawyers, consultants and officials involved in the above financial dealings?
(H/T: Gawker)

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