
Roger Friedman of Showbiz 411 has the dirt:
According to Ray of Light’s 2008 Form 990, Ray of Light is now worth over $6 million in assets.
But Madonna gave away a total of $459,000 last year. Forbes, on the other hand, placed her annual take at $110 million and put her at number 3 on its celebrity earners list. Her last tour grossed $280 million.
Ray of Light has cut down to just a handful of charities, too. Madonna gave most of that money to Kabbalah or its associated causes. She sent $231,000 to Raising Malawi, which is a front for the Kabbalah Center; $150,000 to Kabbalah’s Spirituality for Kids; and $53,00o to the Gucci Foundation, which in turn was for Raising Malawi.
What this also means is that in the year, 2008, that Madonna was special guest at AmFar’s Cinema Against AIDS in Cannes, the singer donated no money from Ray of Light to that charity or to any other conducting AIDS research.
Not all of Hollywood is less than giving when it comes to donating money to charity. Barbra Streisand, Oprah, Brad Pitt, Angelina Jolie, Paul Simon, Steven Spielberg and even Madge’s BFF Rosie O’Donnell are all considered professional charity donors.
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