How Charities Cheat Everyone: The Bono Example

Corruption, Gift Intelligence, Non-Governmental

Bono’s ONE foundation under fire for giving little over 1% of funds to charity By Daily Mail Reporter Daily Mail UK, 23rd September 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.

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Tip of the Hat to Justice Seeker at Facebook.

Phi Beta Iota: This fraudulent attribute afflicts almost all “charities” and most especially the Clinton and Bush “foundations” as well as the Red Cross.  Katrina and Haiti are classic examples of the fraud that is common.