Thread by @jtlarsen

SCOOP: I found tax records showing Howard Schultz gave less than 1% of his wealth to his family charity in 2016-2017.

Records show him giving about 2.5% of his total wealth since 1999.

Story by me and @kenklippenstein is up now from @tytinvestigates:
tyt.com/stories/4vZLCH…

In the 2016-2017 fiscal year, Schultz and his wife gave $18 million to the Schultz Family Foundation.

Virtually all of it was in stock. And most of it was in Starbucks stock.

Since teasing a possible presidential run, Schultz has gone after plans by both @aoc and @SenWarren to address income inequality, by taxing extreme wealth and by raising top marginal tax rates.

Both plans would likely affect Schultz personally.

foxbusiness.com/politics/schul…

Howard Schultz's giving... about 0.53% of his wealth in 2016-2017... and about 2.5% of his wealth overall...

...is lower than the average %--not of wealth--but of annual INCOME donated to charity...

...by EVERY income bracket.

(chart via Motley Fool.)

The Schultz Family Foundation reports that the family also gives to the Silicon Valley Community Foundation, but no amounts are disclosed.

As a donor-advised fund, the SVCF doesn't reveal its donors. We reached out for comment from Schultz and will update if we get anything.

Jeff Bezos got slammed recently for the @nypost report that he had given only about 0.9% of his wealth to his family charity.

Bill Gates, meanwhile, reportedly has given away a third of his money.

Well, this is an interesting set of responses.

For those who didn't read the story...we didn't look at Howard Schultz's tax returns. We looked at those of the Starbucks Foundation and Schultz Family Foundation.

Schultz hasn't released his.