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Bono’s ONE foundation under fire for giving little over 1% of funds to charity

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UK Daily Mail
Sept 23, 2010

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.

The revelations come at an embarrassing time for the Irish rock legend, who is New York this week lobbying governments at the UN’s Millenium Goals summit to do more to alleviate suffering in the Third World.

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This article was posted: Thursday, September 23, 2010 at 9:06 am





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