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Bono’s ONE foundation under fire for giving little over 1% of funds to charity
Posted By aaron On September 24, 2010 @ 1:38 pm In World News | Comments Disabled
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
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.
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