Report Calls Lady Gaga's Born ThIs Way Foundation Charitable Givings Into Question
Showbiz 411's Roger Friedman is exclusively reporting that Lady Gaga's charity the Born This Way Foundation hasn't been quite as charitable as it presumably should be.
Apparently only $5000 of its $2.1 million in net assets (and $2.6 million in donations) translated into grants for individuals or organizations.
So where did the money allegedly go?
$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
That's a large amount of legal and consulting fees, not to mention the elusive "other."
While the Showbiz 411 report seemingly calls into question the handling of the Foundation's funds and how charitable it actually is, it may shine more of a light on how much goes into sustaining a charity and how unfortunate it is that the bureaucratic systems in place seem to keep the funds from going where they're sorely needed.
Or it could be some big tax write-off?
What do you think, Instincters? Gaga's been a consistent LGBT advocate and we think her heart's in the right place. Do you think the tax report disclosures present an accurate picture?