Rev. Al Sharpton has made several ridiculous remarks and done shady things but his last move is probably the most absurd of them all.
Sharpton has found a buyer for his life story and it’s a non-profit organization that he actually founded.
The New York Post obtained a tax filing according to which the activist preacher is selling his “life story rights for a 10-year period” to the National Action Network – which is Sharpton’s creation.
Sharpton is the president of NAN and he has made sure that everybody knows that – a simple peek at the organization’s website proves that his face is everywhere on it.
Can an organization that is attempting to make society better utilize the life story of one of its founders? Well, the least that he can do is lower the price. But, it wouldn’t be Sharpton if he did so.
Reportedly, he sold his life story to NAN for a $531,000 – $53,100 for each year NAN can use its founder’s life story. The organization could have spent that amount of money for any of its missions, including youth leadership, criminal justice reform, and voting rights. However, it seems that they believe spending the money on Sharpton’s life story is a better idea.
What’s more, NAN had already paid Sharpton for being the organization’s founder and president in 2017 – a sum of $244,661.
Sharpton and NAN believe that they can sell these right to Hollywood or other takers at a profit, according to Post, however, they failed to name any producers that would be interested in them.
“This way they make a profit from the beginning and all of the revenues,” Sharpton told the Post, after he indicated that he is planning on stepping down in a year and this would be a way to create a revenue source for the organization.
He added that he has two contracts for movies and that a third one is in progress, claiming that one of the movies is already in development. However, he didn’t go into details about this as well.
NAN also told the Post that a donor helped the organization to make the purchase but, did not reveal the name.
“When I see this kind of thing, it just makes me roll my eyes because there’s so much potential for funny business,” said Linda Sugin, a Fordham University Law School professor and associate dean.
A former IRS official, Marcus Owens, said that Sharpton’s organization can lose its tax-exempt status due to doing business with its president as there are certain IRS rules that can affect such a business deal, according to the Post.
Even if it doesn’t break any IRS rules, this entire thing is simply morally wrong. However, it doesn’t come as a surprise, especially since Sharpton is involved.