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 [$15 million] in donations in 2008 but handed out only £118,000 [$185,000] to good causes (1.2 per cent).
The figures published by the New York Post also show that £5.1million [$8 million] went towards paying salaries…
…In 2009, the group campaigned to have enshrined in British law a commitment to development assistance abroad.
ONE spokesman Oliver Buston has now defended the way the organisation is run, insisting the money is used for promoting its campaign and raising awareness rather than being given straight to those who need help.
He said: ‘We don’t provide programmes on the ground. We’re an advocacy and campaigning organisation.’…
…ONE said it took no money from the public and that most of its funding came from the Bill & Melinda Gates Foundation.
Read the complete article at the Daily Mail.
