Monday, May 20, 2024

Exclusive: Madonna Malawi Charity Almost Half a Mil in the Red for 2012

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Madonna’s Raising Malawi, her questionable charity that was an off shoot of the Kabbalah Centre cult, is still around. Their 2012 federal tax filing has just surfaced. It turns out that Madonna paid consultants around $500,000 in fees to give away $1 million to the people of Malawi.

Raising Malawi paid Global Philanthropy Partners $355,706 in fees for 2012. On top of that Raising Malawai paid nearly $100,000 for accounting and $25,000 for legal help. They also list $22,061 for travel.

What did they give to Malawi? The total comes to $1,064,287 in grants. These grants are not broken down specifically so there’s no way of knowing where they went except to “Sub Saharan Africa.”

Altogether, Raising Malawi claims it finished 2012 in the red, with revenue less expenses equaling $469,565. Contrast that to 2011, when they finished the year up by $169,976. Net assets fell from $2 million to $1.6 mil by the end of 2012.

Raising Malawi went through a big scandal in 2011 when it was discovered that millions of dollars were missing. Investigations proved very little except that no one knew what had happened and that Malawi — from which Madonna had adopted two children– hadn’t received money and projects that were promised.

Malawi is still waiting for the leadership academy Madonna promised them. She cleared people out of their homes to build the school, then abandoned the project.

Forbes magazine recently listed Madonna as the top earning celebrity of 2013 with $125 million made in the last year. Her recent tour grossed over $300 million. Even though her album was a dud, the Material Mom made money than ever in 2012-13.

Donations to Raising Malawi have fallen precipitously in the last three years. In 2010 it was $5.9 million. In 2011, $1.9 mil, and in 2012 just over $1 million. There’s no breakdown offered of who donated money.

Roger Friedman
Roger Friedmanhttps://www.showbiz411.com
Roger Friedman began his Showbiz411 column in April 2009 after 10 years with Fox News, where he created the Fox411 column. His movie reviews are carried by Rotten Tomatoes, and he is a member of both the movie and TV branches of the Critics Choice Awards. His articles have appeared in dozens of publications over the years including New York Magazine, where he wrote the Intelligencer column in the mid 90s and covered the OJ Simpson trial, and Fox News (when it wasn't so crazy) where he covered Michael Jackson. He is also the writer and co-producer of "Only the Strong Survive," a selection of the Cannes, Sundance, and Telluride Film festivals, directed by DA Pennebaker and Chris Hegedus.
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