Madonna Makes More, Gives Less

Fox News/July 29, 2007
By Roger Friedman

It must have been a good year for Madonna in 2006.

According to new tax filings, the Material Mom deposited a cool $5 million into her tax-free charitable fund, the Ray of Light Foundation.

It's more than Madonna's ever put into the fund in one year. Her average is $1 million.

What's curious about this year's filing though is how little the Material Mom then paid out to other charities — the purpose, one assumes, for having a foundation. Of the $5 mil, Madonna gave away only $341,124. Most of it — $250,000—went to the Kabbalah Centre in Los Angeles.

The rest was divided among Elton John's AIDS Foundation ($31,124), T.J. Martell Foundation, the UCLA Foundation and the Boston Conservatory. She also gave $5,000 to Ionia Inc., a progressive community in Alaska.