[Method]

Curious...

http://www.boxingscene.com/mayweather-foun...uestions--44577

Article Link - http://www.boxingscene.com/?m=show&opt...7#ixzz1Zxpmp8hj
This is a legal waiver. By copying and using the material from this article, you agree to give full credit to BoxingScene.com or provide a link to the original article.

"'If I’m making it rain, I’m throwing it to American citizens. In a recession!'"

Those are the words of philanthropist Floyd Mayweather Jr., who claims that charity does indeed begin at home.

Home means the United States. Home means Las Vegas, Clark County, Nevada.

But does Mayweather's largesse amount to mere chump change. Is it a lot of noise and hype over Mayweather kicking loose some pocket change?

Hey, don't take it from me. I don't want to be branded as kicking "Money" for doing good in any hood.

The source claiming that Mayweather's charitable efforts are a sham is a website that has expertise on such matters.

Quoting from an article by Rick Cohen on "The Root," Nonprofit Quarterly reports:

"The Root wondered about Mayweather's charitable generosity too, and looked into the finances of the Floyd Mayweather Jr. Foundation (FMJF), which has programs on education, youth boxing, girls, women, and community outreach.

"The Root's conclusion after examining the foundation's 990s (no one at the foundation would respond to the Root's questions): "What's revealed there makes one ask if Mayweather is punching below his weight philanthropically or just not shining a light on all his charitable activities.

"In 2009, the foundation distributed all of $3,564 in donations.

"The foundation's 2008 990 showed expenditures of "$573,790, or 62.5 percent, [that] went to undisclosed 'professional fees and other payments to independent contractors'; $284,653...to other expenses; $55,650 to pay three employees; and the rest to smaller expenses. The 'other expenses' included $100,000 for...[a] two-day, Mayweather-sponsored Superfest fundraiser; $58,494 for the FMJF dinner; and $10,000 for Thanksgiving turkeys."

"Mayweather has made other individual charitable donations, apparently. For example, $160,000 for the National Golden Gloves Championship that was held in Mayweather's hometown of Grand Rapids, so the foundation's tiny charitable distributions might be of little consequence. But then why have a foundation with independent contractors and employees if the philanthropic results are so penny-ante?"

Looks like Mayweather has some explaining to do as to why his good works end up contributing so little money. Mayweather probably spend more than $3,564 annually for parking valent fees and tips in Vegas for his collection of Maybachs and other fancy "whips" as he refers to his snazzy automobiles.

Let's be generous and say it's $3,564 plus a real cost of $10,000 for holiday turkeys, is that a reasonable amount for "Money" to actually deliver to the needy?

Or are the charitable efforts just so much smoke and mirrors?

It is possible that Mayweather doesn't even know how little of his money actually goes to the needy and not the greedy.

Let's give this Rainmaker the benefit of the doubt.

[gravytrain]

HBO probably told him to make it so they could script some more shit for 24/7 lol

[bosco]

That's nothing...it happens all the time. Most people who raise money for charity never really know where its all going.

[PalookaJoe]

Some people over at the Scene were discounting this because that specific piece was written by Michael Marley. However the stuff he was quoting was from The Root, which is a site I've read frequently in the past. It's a good site and they do their research.

I think it's probably a case of Floyd leaving that up to someone else to run. However it DOES look bad when you make a point of saying how you spend your money to help people, while ripping Manny for allegedly taking his money out of the country after he makes it here. There's the obvious point about how much time Manny spends in this country, and he's clearly spending money here, as well as him being involved to a degree in American politics, but that's another story.

I think that Floyd needs to have all his bases covered, because something like this, while not really 100% his fault, doesn't look good and can lead to some umcomfortable questions as it relates to his charity.

[leonthegee]

You cant take anything MM rights about Floyd at face value. Hes Slob Arums personal G-spot.

[Cshel86]

Whats your take on it Method? Being the fact that you're pretty good with numbers and all, I was just curious to know.

[Method]

Whats your take on it Method? Being the fact that you're pretty good with numbers and all, I was just curious to know.

No idea. Can't crunch numbers that you're not privy to.

I'm curious to know. Could be nothin. Could be somethin.

[THands126]

I read that piece myself earlier in the week. To me, it's much ado about nothing. While I would really love it if Floyd gave away as much $ as he could to causes who need it more than he does, I'm not going to go shouting about it if he doesn't. And if he thinks he is, yet the money is being improperly distributed by people whom he trusts, then he needs to clean house. Pretty simple.

[lloyd mayflower]

Maybe the foundation is just Big Willies side draw on Floyds finances.

[Spyder]

Maybe the foundation is just Big Willies side draw on Floyds finances.

I'd say this is probably closer to the truth than it being a joke...(IMG:style_emoticons/default/laugh.gif)