The New York Post tore Bono’s One charity a new one yesterday:
“The Bono nonprofit took in $14,993,873 in public donations in 2008, the latest year for which tax records are available.Of that, $184,732 was distributed to three charities, according to the IRS filing. Meanwhile, more than $8 million was spent on executive and employee salaries!!”
A statement from One was sent overnight to the good offices of Mr Perez Hilton, Broadsheet’s man in LA, stating that the charity employs 120 people and adding:
“ONE does not fundraise from the general public and we are not a grant-making organization. We are funded almost entirely by a handful of philanthropists on our board of directors to raise awareness and pressure political leaders to fight extreme poverty through smart and effective policies and programs, like the Global Fund to Fight AIDS, TB and Malaria, which is saving 4,000 lives a day.”
So that’s clear then.