Remember all that talk from liberal media hacks defending the biased White House Correspondence dinner how it was all about money for scholarships and all that BS? Turns out, only a small fraction of the money raised from this propaganda dinners is actually given out to scholarships. Last year for instance, the dinner generated $806,250 in ticket sales. Only $108,000 went to scholarships, or about 13.4%. So far this year, after that Michelle Wolf vulgar crap show, revenue was reported to be about $900,000 for the dinner. Only about $112,000 has been given out so far.
| White House Correspondents’ Association only gave 13.4% of WHCD dinner to scholarships |
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The White House Correspondents’ Association (WHCA) has long-cited its scholarships for aspiring journalists to justify the tax-exempt charitable status of its blow-out, televised annual dinner, but only a small fraction of the IRS-designated 501(c)(3) organization’s fundraising is awarded to students.
Last year, just 13.4 percent of the White House Correspondents’ Dinner’s revenue went to scholarships.In 2016, it was even worse. The Washington Post reported the annual dinner was “nearly the entire source of [the association’s] annual revenue of around $600,000.” That year, the association awarded “about $77,500 to 18 students,” Money‘s Kaitlin Mulhere reported. “That’s small change compared to the incredible amount of money spent on and around what’s been dubbed D.C.’s Nerd Prom,” she added.
At just 12.9 percent of its estimated revenue, the WHCA’s 2016 scholarship payout was down from the 21.5 percent spent in 2014, which was also down from 26 percent in 2013 and nearly 60 percent in 2009, according to the Washingtonian.
In a statement on its website, the WHCA says it will give $134,500 to students this year. So far, 26 recipients have received $112,000. While additional details about the WHCA’s 2018 finances are, for now, unavailable, some reports estimate attendance this year was around 3,000. At $300 a seat, and thus, an approximate revenue of $900,000, an estimate for the association’s scholarship payout in 2018 would be roughly 15 percent.