Mason and Charmaine Malmuth Foundation

[Kuntmissioner]

From the January 2p2 magazine publisher's note:



Tldr:
Now normally it’s not my style to drop figures like this, but recently, on another website. It was written “Mason is not known for his charity donations.”

Someone here forced MM's hand.

[Pooh]

The funny thing is the guy who accused him of never donating probably never donated more than a thousand dollars in his life and that may be a stretch and it would've been zero if there weren't tax deductions available. Cheap Jew. Money isn't everything Jew.

[Belly Buster]

Someone here forced MM's hand.

http://pokerfraudalert.com/forum/sho...l=1#post498279

Most of the Mason discussion centered around the fact that he jumped to bash Negreanu and make him look like the bad guy in the Pokerstars situation, which was transparent and an asshole thing to do. If he didn't already dislike Negreanu, he wouldn't have said a word about it.

The 22Q donation as definitely a stab at Daniel. Mason is not known for his charity donations. He did this one because he wanted to show up Daniel. Believe me, Mason didn't give a shit that Jasep scammed 22Q, aside from the fact that it "proved" him right.

Mason did nothing innovative to make all the money he did from Two Plus Two, aside from being an early adopter of publishing poker book and running a poker forum. I give him credit for jumping into that early, but truthfully it was only a moderate income source until he lucked into poker blowing up more than 5 years later. Prior to the boom, he was just a small publisher in a small niche market.

[DRK Star]

this guy was looking for a way to brag.


If he felt like he HAD to come forward, to defend his "reputation", because some random, on a site he hates, doubted him, the old man is either fragile or his self esteem is rock bottom.

[Belly Buster]

"Mason is not known for his charity donations" - story stacks up.

https://projects.propublica.org/nonp...ions/841721694

[Drexel]

The thing is this; I truly don't know a single person in poker or the gambling industry that knows Mason, that has anything positive to say about him.

I played many many many sessions of 30/60 and 40/80 lhe with him back during the boom. His regular game is 2-5 NL and he'll play limit games if there is a waiting list. He doesn't smile. He won't talk to anyone. He shows no enjoyment. It's almost like he is robotic. He announces like a machine "raise, call, fold" in the same monotone voice.

I never met his wife Salamander but I imagine she is a peach.

Funny story: For all the bashing I did back in the day about Micon, we truly did have a lot of good memories. 2008-2009ish we were leaving the Bellagio poker room to go eat and MM is playing in some game. Micon throws from about 20 feet a dollar chip right at MM and it hits him after it bounces on the felt right on his mutt head. He looks around but has no idea who threw it. Everyone at the table just goes about their business.

Micon and I ended up eating and as we were pulling out of valet, MM was standing waiting for his car. Micon starts yelling at MM "Niki Manaj morherfucker!!!!!" at the top of his lungs and throws a water bottle filled with cigarette butts at him. Lol. I know it sounds juvenile but it was pretty funny at the time.

Oh another time Sklansky offered me $25,000 to console his ex-wife who he gave my phone number to with out my consent and had claimed was depressed and lethargic.

Jesus what crazy times.

GS


ZoD

[DRK Star]

Belly Buster

[Dan Druff]

Honestly I thought the $270k figure he dropped was very un-Mason-like.

Mason is known to be an extremely selfish and greedy person. That's why he did outrageous things such as restrict strategy discussions on 2+2 because he was afraid people wouldn't buy his books if they could discuss strategy for free (seriously).

He's also obsessed with "spam" and doesn't allow anyone to link anything to their own site, no matter how relevant their material is to the discussion. Even if your site broke the story being discussed on 2+2, you can't link to it.

He is a hard-ass who only cares about himself, which is why I was shocked at the claim that he handed out $270k to charity.

Tennis lessons are a very strange thing to give away for "charity", as well. Do you know of any impoverished kids whose dream it is to play tennis? No. What's next? Golf and polo for poor kids?

I am assuming there has to be some angle to this. If there isn't, LOL @ wasting $270k on charity tennis lessons, when you could be using that money to feed and clothe the poor.

[Drexel]

Tennis lessons are a very strange thing to give away for "charity", as well. Do you know of any impoverished kids whose dream it is to play tennis? No. What's next? Golf and polo for poor kids?

I am assuming there has to be some angle to this. If there isn't, LOL @ wasting $270k on charity tennis lessons, when you could be using that money to feed and clothe the poor.

MM and his wife Salamander are known to commonly hang out in the area behind the Stratosohere handing out old school wooden tennis rackets from the Bjorn Borg era.

What's next? Him and Salamander handing out water polo sticks to the impoverished swimming in hotels downtown?

[DRK Star]

"I see this thread....ending up....in Scams, Scandals and Shadiness"

[Dan Druff]

I just looked more closely.

He seems to be donating $12k-$45k per year to his foundation, and then the tax form simply lists the majority of the money going to "Contributions, gifts, grants paid", which could literally be anything.

This officially puts most of the money from this foundation into the "expenses" category.

Hmmm...

I would love to know which tennis tournaments he sponsored, which kids were playing under the foundation, etc.

The whole tennis thing just seems so odd. I would love to know the true story here.

[BetCheckBet]

I just looked more closely.

He seems to be donating $12k-$45k per year to his foundation, and then the tax form simply lists the majority of the money going to "Contributions, gifts, grants paid", which could literally be anything.

This officially puts most of the money from this foundation into the "expenses" category.

Hmmm...

I would love to know which tennis tournaments he sponsored, which kids were playing under the foundation, etc.

The whole tennis thing just seems so odd. I would love to know the true story here.

As someone who played a lot of tennis when younger and many other sports, such charities to allow disadvantaged youth to play sports are common place.

I can't speak as to how its being run though or the expenses.

[Belly Buster]

http://www.investopedia.com/articles...n-start-up.asp

Benefits of Having a Private Foundation
If you want to give to a good cause, the easiest way to do it is to write a check. So why do tens of thousands of people go to the trouble of starting up and operating private foundations?

According to the Association of Small Foundations, one reason for starting a private foundation is permanence. A foundation can consistently fund a select cause or group of causes and provide cumulative benefits to the recipients over many years of donations.

The ASF also says that some families start foundations to create a legacy. A foundation established in a loved one's name is a way to honor that individual even after he or she has passed away. Establishing a foundation in a family name can also encourage family members other than the founders to participate and provide a common cause around which to bond.

Tax benefits are another reason for starting a private foundation. When organized as a 501(c)(3), private foundations are tax exempt. They can collect contributions of cash and appreciated property without paying taxes on those contributions, and the contributors can claim their donations as tax deductions (with some restrictions). To qualify for the tax exemption, the foundation's purpose must be charitable, religious, educational, scientific, literary, testing for public safety, fostering national or international amateur sports competitions, or preventing cruelty to children or animals. For example, the foundation may assist the poor, advance education or maintain a public building.

[DRK Star]

has any of this info been posted at 4? where?

it might be nice to see some clarification from MM

[Belly Buster]

has any of this info been posted at 4? where?

it might be nice to see some clarification from MM

What's the point posting stuff there when anything negative is just going to get deleted?

[Belly Buster]

Also if you happen to google Mason and Charmaine Malmuth Foundation, this PFA thread appears above the original 2p2 post #druffsseoftw #forthekids

[DRK Star]

If someone were to post


Mason,

I noticed this recently at another site, and I was wondering if you could comment on it?





they would actually delete the post and ban the poster? thats pathetic.

[Shizzmoney]

Tennis lessons are a very strange thing to give away for "charity", as well. Do you know of any impoverished kids whose dream it is to play tennis? No. What's next? Golf and polo for poor kids?

I am assuming there has to be some angle to this. If there isn't, LOL @ wasting $270k on charity tennis lessons, when you could be using that money to feed and clothe the poor.

While golf/polo/tennis for poor kids is a terrible charity idea, non profits/charter schools use "sport" ideas quite a bit to generate revenue for their "youth development organizations".

This all a scheme basically, IMO, to offer some type of "unique" program for "at-risk children" (aka "brown kids") in inner cities to "improve" their school performance.....all the while essentially what these orgs are basically doing is just being another corporate pig at the government tax giveaway troft, taking money away from public schools and into private hands. Some orgs actually do some good.....but most like this one are just tax schemes. Mark Zuckerberg's $45 billion dollar "charity" he just started is also a 501c3, which is essentially a limited-liability corporation, not a charitable trust. The use of an LLC means he can do whatever he wants with the money, including personal investment, complete with tax benefits!

And I bet Mason loves him some tax breaks, that's for sure.

[Sanlmar]

501c3 are the mothers milk of embarrassment for most everyone (athletes) who set them up.

Misanthrope that I am, I look at 990 tax records for 501c's quite often. I always enjoy the thrill of catching someone's hand in the cookie jar.

The typical scam is putting your family and posse on the payroll. See the Gronkowski family. Before you know it only 10% makes it to the street. But most charities are piss poor anyway.

I see Mason & Salamander claim 3hrs of work ea. week with no personal salary and no one else on payroll.

Looking clean.

Being under $50k there is no requirement to itemize donations. 35% tax bracket - this is small tax savings.

Chaulk this up to a strange choice by a guy who is perceived as strange anyway. You got nothing here.

[Hockey Guy]

501c3 are the mothers milk of embarrassment for most everyone (athletes) who set them up.

Misanthrope that I am, I look at 990 tax records for 501c's quite often. I always enjoy the thrill of catching someone's hand in the cookie jar.

The typical scam is putting your family and posse on the payroll. See the Gronkowski family. Before you know it only 10% makes it to the street. But most charities are piss poor anyway.

I see Mason & Salamander claim 3hrs of work ea. week with no personal salary and no one else on payroll.

Looking clean.

Being under $50k there is no requirement to itemize donations. 35% tax bracket - this is small tax savings.

Chaulk this up to a strange choice by a guy who is perceived as strange anyway. You got nothing here.

Yup, seems to be a bit of unwarranted bashing in this thread. Odd cause but who the fuck cares.