in federal prison for spending millions of dollars in donations on himself. Keith Taylor, 59, of New York, founded Modest Needs around 2002, and U.S. District Judge Jennifer L. Rochon sentenced him, the U.S. Attorney’s Office for the Southern District of New York announced Wednesday. He pleaded guilty in August 2025 to defrauding the charity and its donors and to evading more than $1 million in federal income taxes.
Modest Needs was a 501(c)(3) that used crowd-sourced funding to help people living paycheck to paycheck with unexpected costs such as medical bills or a broken appliance. Prosecutors say Taylor embezzled more than $2.5 million from the charity and its donors since at least 2015 and used it to fund his own lifestyle.
The list of what the money bought is the heart of the case. Taylor regularly ate at Per Se, Jean-Georges, Masa and Marea, sometimes twice a day, and spent more than $320,000 of charity funds at New York restaurants and steakhouses. Donations also paid over $300,000 of the rent on a 30th-floor apartment in a midtown Manhattan skyscraper, more than $100,000 to food delivery services, and bills for his electronics and his own medical care. Another $270,000 went straight into his personal brokerage account.
“Keith Taylor embezzled millions from a charity for low-income families to pay for his own lavish lifestyle,” U.S. Attorney Jamie McDonald said. “This is the height of hypocrisy.” He added that Taylor “shattered the trust of those who believed in the mission of the charity, denying essential help to vulnerable individuals and families in genuine need.”
Taylor was arrested in June 2024, and prosecutors say the spending did not stop. He purportedly resigned and was barred from the charity’s bank accounts as a condition of pretrial release, yet he kept using its money for meals, medical expenses and the rent on the luxury apartment, in violation of those conditions.