Yesterday reports came out that Lamar Odom is facing allegations the tax exempt charity he created is being sketchy with its money … and not donating ANY cash to cancer research, despite the charity’s mission statement. Well Khloe took to Twitter and her blog to address the situation. Check out what she had to say….
*TWEET ABOVE IN GALLERY*
Via Khloe’s Blog:
It is unfortunate that my husband has been the target of an attack on athletes’ charities, although he has personally contributed approximately $2.2 million to his foundation, Cathy’s Kids, to fulfill its charitable purposes that include helping underprivileged inner-city youth.
The millions of dollars personally contributed by Lamar constituted more than 90% of the money raised by the foundation. All of the funds donated by Lamar and the other contributions to Cathy’s Kids were used for one of the foundation’s intended charitable purposes. Not one penny went to help Lamar personally or any member of his family. No charitable funds were misused, and the IRS has repeatedly given Cathy’s Kids a clean bill of health, confirming that there were no improprieties.
Cathy’s Kids was formed with several purposes in mind, including benefitting underprivileged youth and cancer research. A decision was ultimately made that the charity should focus on one of those purposes — to help enrich the lives of underprivileged inner-city youth. It accomplished that goal. Cathy’s Kids helped fund multiple AAU basketball teams providing underprivileged youth with opportunities enriching their lives, providing financial support for coaching and travel to tournaments, helping inner-city youth on a path toward success and leading many participants to go on to college.
