(ThyBlackMan.com) There’s nothing shy about Floyd “Money” Mayweather Jr., one of boxing’s greatest champions. He doesn’t care if you like him. Just help make him get richer. The undefeated pugilist made about $40 million for beating Victor Ortiz recently. But Mayweather’s real talent is controlling his financial affairs.
The New York Times reports that he “earns a percentage of every ticket purchased, every pretzel consumed, every poster sold. He will earn from countries that paid for broadcasting rights and the theaters where the fight 
is shown.”
For his past five fights, including the most recent, he earned $155 million. So how does the welterweight champion give back? In 2007 he set up the Floyd Mayweather Jr. Foundation, a not-for-profit organization focused on assistance in Las Vegas and his hometown, Grand Rapids, Mich. The FMJF website lists programs supporting education, youth boxing, girls and women and community outreach. He also donates meals for the homeless twice a month and gives out turkeys and hot meals at Thanksgiving.
Admirable efforts, but let’s take a look at FMJF’s available Form 990 federal nonprofit tax filings, provided by the National Center for Charitable Statistics. What’s revealed there makes one ask if Mayweather is punching below his weight philanthropically or just not shining a light on all his charitable activities. The Mayweather Foundation’s 2010 charitable 990 filing is not yet available, and attempts to reach the foundation and his business organization were unsuccessful.
Finish story over at; TheRoot – Floyd Mayweather Jr, etc.
Also follow TheGrio on Twitter; http://twitter.com/TheRoot247.
and Facebook; http://www.facebook.com/TheRoot.
