This article just went our earlier and I cant help but post this here.. The article is about the report of The Root -- an organization for black philanthropists and they have recently publish this article reviewing how the charities of major members or black americans share their wealth over a non-profit foundation. In the article, they have indicated that Floyds foundation spent out a whole lot more to contractors and consultants than to actual donation for charity. In such a way, the foundation was able to move huge sums of money without ever having the IRS looking into their deeds. All charity works and transactions remained tax-free in the US (well correct me if Im wrong).

Below is the main article published by the The Root (the black philanthropy).

Black Philanthropy: How Much Does Floyd Mayweather Give?


Below is a commentary from another org, related to the published article above.

The Nonprofit Quarterly | @npquarterly | The Dubious Philanthropy of Boxer Floyd Mayweather's Foundation


Its quite sad that even sports personalities and philanthropist can take advantage of charity work just to avoid taxes.