Bono's ONE foundation only used 1.2% of money collected to help the poor.
Out of £9.6million donated to the foundation/charity £118,000 was spent helping the poor.
Bono's anti-poverty foundation ONE is under pressure to explain its lavish salaries 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 £9.6m 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 £5.1m went towards paying salaries.
This gobs**te moves his business to Holland to avoid tax, throws crumbs from his One foundation to the poor..yet the Muppet tries to pressure our government to direct more of MY tax money to causes he wont contribute to himself.
Bono,I really dont care if you lay in a bed of cash and get your rocks off on it... but please feck off and allow us to try and sort out the country without your pontificating and crocodile tears.
1.2% is quite low. The usual figure is closer to 10% of donations end up going where they are supposed to be. I know this from experience hence why I do not give to charities any more rather I give directly to those that I want to help. I do not want to pay someone a wage first and then pay the needy afterwards. It's back to front. If the OP is true then it is a shocking revelation.
The charity industry, whilst well intentioned, has more than its fair share of charlatans already.
Always dubious about stories in the mail, but what they heck is the point of taking all that money from the Gates foundation to do advocacy. We know what the problems are.
I guess Bono prefers pontificating to doing.
Condoms in your Trócaire boxes. Its the only way.
If it's an advocacy group, why shouldn't most of its money be spent on salaries?
Is that why its called the 'One' Foundation?
Where do you get the 10% figure?
In the UK all the registered charities' accounts are available online. Can't see why if the CRO puts up company accounts, we can't have the same facility for charities.
As in anything follow the money!
Bono's a fool. He had it all, a very clever guy who could network and work hard at his heart's desire. He became rich and had a platform from his fame which he could direct for good had he wanted to. But like Gerry Ryan being around money gave him a hard on (and it killed him too) it was no longer enough for Bono just to be a multi millionaire when he started to meet billionaires like Gates etc. When he actually had more than these people. He had freedom and independence as an artist. He could have used his fame to advocate for causes he believed in if he really wanted to, not set up businesses in them. There's a big difference from choosing to make your business/ money from something ethical and highjacking something ethical to make money. Bono's business is music that's what he makes his money from and that's what he should have stuck to and advocated for great causes while retaining some integrity. Instead he's been corrupted by his greed and vanity and desire to be part of New World Order BS. All his subsequent stuff is scamming. Edun have moved most of their operation to China now. Complete failure having also sold 50 percent to LMVH. Trying to buy himself a Nobel peace prize. He's been holidaying too long in the south of France with the likes of Sarkozy. He's taken a wrong turn, a greedy turn, a long time ago.
As John Lennon would say "I'm sick and tired of watching scenes from schizophrenic, ego-centric, paranoid, prima donnas. All I want is the truth now, just gimme the truth.' His hero Lennon (for all his faults) never would have been taken in, in the same way.
Can I assume nobody here has a clue what ONE does?
It makes Dave Fanning's task all the harder next Monday night.
And you give and you give and you give yourself away.
Good God the Mail's a rag.
SO WE KNOW THEY'RE DOING EXACTLY WHAT THEY TOLD DER SPONSOR THEY'D DO, BUT SHER ITZ A SLOW NEWZ DAY.
WAIT SO ALL YOUR INCOME WOULD BE ON SALARYS AND ADS? I'M OUTRAGED!
ZOMG DEY PAY THE AVERAGE PROFESSIONAL EMPLOYEE £43k!!!! DATS RONG!
BONO IS ROBBING BILL GATZ!
Honestly, you'd have to have brain damage to work there and take this sort of thing seriously.
The Mail's the only paper that picks up on stories that the other Irish 'rags' such as the IT etc ignore. It keeps the pressure on lazy journalists who write up government press releases. The Mail's emotion can often be off the mark but the reporting can be very good. Sync you need to learn to separate out these things.
And you need to separate your Daily Mails. This wasn't written by the Irish one, which has done a lot to expose political wrong doing. It as written by it's trashy UK neighbour. Hence all the figures in sterling.
It's just such a non-story. Man sets up organisation for specific purpose. Man gets funding for that purpose. Man executes that purpose.
If it was a case that the charity wasn't doing exactly what it intended to do, or what the funders believed it was going to do, then great, THAT'S a story. That's not even hinted at though. This is very much a case of "We've nothing else for page 5"
And you need to separate your Daily Mails. This wasn't written by the Irish one, which has done a lot to expose political wrong doing. It as written by it's trashy UK neighbour.
Fair Enough, you were talking about the English one. But as my original post points out and i've provided the link. It wasn't The Mail that broke the story but The New York Post and it's a good piece.
IT's very much a story because the 'purpose' as you describe it, is a self serving purpose that is dressed up as a 'charity'. IT turns out when the IRS returns are examined -it is suddenly not a charity but a publicity campaign. Dambisa Moyo has been heavily criticising this Rock Star's Burden approach to Africa. You should look her up also cf The White Man's Burden, Kipling.
Bono has said publicly that he is a christian capitalist. Perhaps it would have been more honest to describe himself as a capitalist christian. From the little I 've bothered to read about himself and St.Bob it seems, and I may have misinterpreted the information, they are in the debt forgiveness game. The rules of this game require that poor countries allow western interests to take over their utilities and natural resources and have their workers be exploited, in return for debt alleviation or relief. I suppose that it's to their credit that no one has suggested that either of them has personally profited from the promotion of this solution. As for U2's interests being shifted to Holland. Why does beleaguered working class Ireland think that the lads owe it any share of their wealth? I mean they are citizens of the world now. They've grown out of all that nonsense about staying faithful to your roots except the odd time when they feel the need to parade their insecurities.
Oddly enough you've just described exactly what communist China is doing in Africa. But they're not proper socialists eh?