COMMENT: Note that Bono’s ONE foundation is apparently largely subsidized by the Bill & Melinda Gates Foundation. Do it’s ‘solutions’ for Africa’s poverty include the Gates’ vision of drastically reduced population numbers?
UK Daily Mail
September 24, 2010
- A d v e r t i s e m e n t
Bono’s anti-poverty foundation ONE is under pressure to explain its finances after it was revealed that only a small percentage of money it raises reaches the needy.
The non-profit organisation set up by the U2 frontman received almost £9.6million in donations in 2008 but handed out only £118,000 to good causes (1.2 per cent).
The figures published by the New York Post also show that £5.1million went towards paying salaries.
ONE said it took no money from the public and that most of its funding came from the Bill & Melinda Gates Foundation.