KANYE WEST FOUNDATION SHUTS DOWN

The New York Times used the word "mysterious," to describe the following turn of events. According to the NYT, the average amount raised per year by the foundation was $492000. Additionally, the NYT said that the average total grant made per year was $18,080, but also said that the total grants made in 2009 was $563. The organisation – which was founded in 2007 and aimed to encourage at-risk teens to finish high school – closed down this week without reason, reports The New York Times. In an e-mail obtained by the newspaper, former executive director Joseph Collins informed associates:

"I am reaching out to let you know that the Kanye West Foundation (kanyewestfoundation.org) has officially closed its doors after a successful 4+ years of programming and events.

"It has been an incredible experience working with Kanye and the board to realise his mother's vision and I am honoured to have been given the opportunity to lead the Foundation."

However, Collins did not offer comment when telephoned by the newspaper and representatives for West have not yet commented on the reports. The foundation's website is still live. West is said to have funded the charity not through personal investment but rather through corporate sponsorship from companies with whom he had done business. Either way, the cost to operate the foundation far outweighed what they gave out in grants. I know nonprofits can be expensive to run, but is it really worth it when that cost is so much more than what they're doling out in grants? I just feel like it isn't really doing much to help out their cause of keeping kids in school.



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