Thursday, April 25, 2024

Exclusive: Last Year Ryan Seacrest’s Foundation Paid His Sister $250K and His Dad $96K to Give Away $90K in Cash Grants

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Ryan Seacrest is busy getting press for wearing small shirts, breaking up with girlfriends, and having alleged mini strokes on “American Idol.”

But in real life, Seacrest–who’s made a fortune hosting “American Idol,” producing the Kardashians’ TV show, and running his radio empire– has a private tax free foundation. But the beneficiaries are his sister and father, not so much anyone else.

I’ve written about Seacrest’s foundation before because it’s just mind boggling how it keeps playing out. His sister, Meredith, runs the 501 c3 and his father does the legal work.

Every year, dad gets a $96,000 retainer. To do what exactly? Not much. The Ryan Seacrest Foundation is not big on giving money away to people who need it, just to family.

Sister Meredith in 2018 was paid a total of $250,000. She had a $242,000 salary, up from $225,000 the prior year. With benefits she gets the tw0-fifty.

The Foundation made 9 seven donations in the amount of $10,000 each in 2018. So that’s just $90,000.

They also donate electronic equipment to children’s hospitals, the same nine that got the cash grants. Each of those equipment donations is valued at $15,768.

In 2018, according to the Foundation’s Form 990, the total for money donated was down from the previous year by about $60,000. However, salaries were up by $80,000. Sister and dad’s salaries weren’t the only ones paid out. Total salaries were listed at $582,064. A little over $200,000 in salaries is unspecified.

The Ryan Seacrest Foundation claimed $3,855,990 in total assets for 2018. So most of the money is just sitting tax free, doing nothing but gaining interest.

 

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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