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Bono's ONE foundation gave only a little over 1% to charity

  • 25-09-2010 11:38am
    #1
    The_Minister
    Registered Users, Registered Users 2 Posts: 10,255 ✭✭✭✭


    http://www.dailymail.co.uk/news/article-1314543/Bonos-ONE-foundation-giving-tiny-percentage-funds-charity.html#ixzz10NgT5KiG
    From the Daily Mail, so usual caveats apply.
    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.

    ....

    What do people think?
    If the point of the organisation is to be about advocacy, then I think the implied criticism is unfair.
    If ONE is a campaigning organisation primarily, and not designed to give out handouts, then this is probably a storm in a teacup.


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