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Thread: Jay-Z's charity invite, Rolex Watch invites & student scholarships

  1. #1
    Elite Member Novice's Avatar
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    Nov 2006
    Beyond Caring, then hang a left.

    Default Jay-Z's charity invite, Rolex Watch invites & student scholarships

    The VIP Pass for Jay-Z’s Upcoming Charity Gala Is a $40,000 Gold Rolex Daytona

    Martin Lerma

    Robb ReportNovember 6, 2019

    Even at the ritziest partieJay=Z charity gala invites and conferences, VIP passes usually come in the form of lanyards or disposable bracelets with just enough signage to let the event organizers know you have special privileges. But that’s certainly not the case if Jay-Z, hip hop’s first billionaire, is your host. For his upcoming Shawn Carter Foundation Gala, the entertainer and entrepreneur gifted $40,000 Rolexes to the very important people planning to attend—and no one can argue that they didn’t leave an impression.

    Sent along with a bottle from his own Ace of Spades champagne brand, the Rolex Cosmograph Daytona was created in 1963 and takes both its name and sporty look from the legendary racetracks of Daytona, Florida. It’s fitting, given the event will take place at the Seminole Hard Rock Hotel and Casino in Hollywood, Florida. The likes of Meek Mill and Swizz Beatz both documented their streamlined watches on Instagram stories, the latter exclaiming, “Hov is on another level with the invite game.” The model in question appears to be reference 116505-0008, a 40mm version with a black dial, and a case and bracelet made from rose gold. The watch retails for $37,450.

    The Shawn Carter Foundation was established in 2002 with the aim of helping those facing socio-economic hardship access higher education, scholarships and professional development opportunities. This year’s black-tie festivities are scheduled for the weekend of November 15th and 16th, and the itinerary would make James Bond’s head spin. There’s a blackjack tournament with a $100,000 buy-in and $500,000 prize (furnished by the resort, so as not to cut into the funds raised), and a concert by 15-time Grammy winner Alicia Keys.
    The highest-level contribution to the gala, the High Roller’s package, goes for $140,000, and includes an “exclusive gala gift.”

    Jay-Z’s scholarship barely gives some students enough to cover books

    By Melissa Klein

    December 8, 2018

    He’s the wealthiest man in hip-hop but the beneficiaries of this scholarship fund are getting chump change.
    Jay-Z’s Shawn Carter Scholarship Fund gave out $407,250 in grants last year to 255 students with awards ranging from $1,000 — barely enough to cover books — to $2,500 each.

    The money is paid directly to the colleges of scholarship recipients with the biggest chunk — $32,000 — going to Virginia State University to benefit an undisclosed number of students. Tuition and total costs at the school this year came to $20,284.

    The organization, which is overseen by Jay-Z’s mother Gloria Carter, took in $742,118 in donations in 2017 with most of the money coming from the “Empire State of Mind” singer, according to Dania Diaz, the group’s executive director.

    Diaz insisted that the scholarship money made a difference to students, who can get grants for six years if they reapply.

    “The foundation’s goal is to reach as many students as possible. It’s really about breadth in reaching a lot of students,” she said.
    In addition to the scholarships, the organization runs a bus tour to historically black colleges and universities, which cost it $44,581 last year.
    But it charges students $200 to participate and only 32 did in 2017.

    It also holds an annual toy giveaway at the Marcy Houses in Brooklyn where the rapper grew up, spending $8,452 on the event last year.

    Forbes estimated Jay-Z’s 2018 earnings at $76.5 million with much of the revenue coming from the tour for his 2017 album 4:44. He was ranked first on the magazine’s Hip-Hop Cash Kings list for June 2017 to June 2018.

    Jay-Z and wife Beyonce did up their giving game earlier this year, doling out 10 scholarships of $100,000 each during their On The Road II tour. The money will be paid in 2019.
    The initiative, which was not done through the Shawn Carter Scholarship Fund, was a “one-off,” Diaz said.

  2. #2
    Elite Member Waterslide's Avatar
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    Jul 2010
    out where the buses don't run


    At least Marie Antoinette dressed well. I can't believe these are the rich fuckers we're stuck with in this century.
    czb, C_is_for_Cookie and DawnM74 like this.

  3. #3
    Elite Member faithanne's Avatar
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    Dec 2007
    On the Hellmouth


    I have a real issue with celebrity "foundations". Some of them are worthwhile and the celebs and their families work really hard - but many (I don't want to say most but you know I'm thinking it) seem to just be an excuse to keep their name out there. Why should some super rich person (Jay-Z is a billionaire FFS) get poor people like me to donate to a foundation in his name, when he gets all the kudos and goodwill? It's the same with the Murdoch Foundation here, they're on these ads talking earnestly about how important it is to give, and then a bunch of ignorant bogans nod their heads and buy their papers and say how wonderful it is of them to help so much. It's easy when it's other peoples' money! And then you look at the accounts and they spend most of their money "raising awareness" ie holding fancy events to eat and drink very expensive food and alcohol to raise more funds to raise more awareness and rinse and repeat.

    But nobody wants to hear it because "it's charity!" and people think you're a monster because you prefer to contribute to your own causes.
    "You're going to die tomorrow, Lord Bolton. Sleep well."

  4. #4
    Elite Member rollo's Avatar
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    ^ There are tax advantages too. It can be (not saying it is in all cases) quite the celebrity scam.
    DawnM74 likes this.
    I have some famous friends and I have mostly not famous friends.

  5. #5
    Elite Member holly's Avatar
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    Nov 2005
    the sunshine state


    Sounds like the attendees get more than what the foundation gives to it's cause. SMH.
    DawnM74 likes this.

  6. #6
    Elite Member Kittylady's Avatar
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    Nov 2008
    Somewhere been 'General Confusion' and 'Total WTF?'


    Quote Originally Posted by holly View Post
    Sounds like the attendees get more than what the foundation gives to it's cause. SMH.
    Yeah. Makes me wonder if the Rolex watches are powered by the attendees sense of smugness.
    weathered1, DawnM74 and holly like this.
    I hate to advocate drugs, alcohol, violence or insanity to anyone, but they've always worked for me. Hunter S Thompson

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  7. #7
    Elite Member Trixie's Avatar
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    Mar 2007
    exiled and ostrich sized


    It also gives his mother a job. How much is she paid to "oversee" the foundation?
    Sylkyn and holly like this.
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  8. #8
    Bronze Member
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    Nov 2019


    Quote Originally Posted by Trixie View Post
    It also gives his mother a job. How much is she paid to "oversee" the foundation?
    I have the same question as you

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