Quote:
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In 2020, the year in which Wilson was given the Man of the Year award, his foundation reported $838,000 in revenue and $1.2 million in expenses, including $257,000 on charitable activities and $548,000 on salaries and employee benefits. Meaning about twice as much money went to executives in the foundation compared to charity and only 21 cents of every dollar earned went to charity.
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Not sure their math is quite right there. Looks to me like about 31 cents per dollar "earned/donated" went to charity. But then they went in the hole for another $400K in expenses that exceeded their revenue. Not sure if Russ was on the hook for that or not.