Kanye West’s Mysterious Charity Foundation Is No More

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PARIS, FRANCE - MARCH 04: Kanye West attends the Vivienne Westwood Ready to Wear Autumn/Winter 2011/2012 show during Paris Fashion Week at Pavillon Concorde on March 4, 2011 in Paris, France. (Photo by Pascal Le Segretain/Getty Images) Photo: Pascal Le Segretain/2011 Getty Images

The New York Times reports today that the Kanye West Foundation, a charity founded four years ago to battle high-school dropout rates (get it?!!), has shut down. The Times also makes the charity sound shady, pointing out that from 2007 to 2009, it took in an average of $492,000 and then handed out grants in total averaging only $18,080. Surely there's a logical explanation for this, 'Ye? [NYT]