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The Bono nonprofit (One) took in $14,993,873 in public donations in 2008, the latest year for which tax records are available.

Fourteen million dollars. Blimey, that's a lot of cash. That'll help with the whole eradicating poverty and fighting Aids battle, right?

Of that, $184,732 was distributed to three charities, according to the IRS filing.

Hang on a moment... what? That's about one per cent of the total. Really?

Meanwhile, more than $8 million was spent on executive and employee salaries.

The rest seems to have been pissed away on press packs and marketing

that is terrible.

wish it was more widely known.

Not content with a huge carbon footprint and massive tax avoidance on an unbelievable scale both within the struggling Irish economy ( domestic charitable organisations etc could benefit from some U2 dosh, but they threatened to leave Eire if they were forced to cough up, oh, and the global ones as well, which receive nothing via their brimming safe haven coffers ), his wife's 'ethical' clothing line is moving production to China.

Charming.

Sir,
Your post has a link that references another link as the source reference.
That reference is the N.Y. POST.
That newspaper is perhaps some of the lowest caliber journalism in the UNITED STATES.
It is the 'Source' of reference for the feeble minded Republican types here abouts. That paper HATES 'ALL' and any LIBERAL Hollywood 'Types'....and the irony is that usally the first 10 to 15 pages of the daily issue is dedicated to the latest outrage perpetrated by Paris Hilton, Lindsey Lohan, or Donald Trump....
It is a libelous scandal rag that panders to the lowest common denominators. I'm a N.Y.'er....i know about the POST.
This is not to say that BONO is not a bit of a weasel....but...i would like a more credible reference of his financials than what is posted in that excrable ragsheet. I just can't believe that such a low percentage of those donations went to the actual intendees. Call me naive and scepticle.
D1
P/S: Please read the critism's section of this WIKI link regarding the POST.
RUPERT MURDOCH lies.
http://en.wikipedia.org/wiki/New_York_Post

One's{the organization in question here} retort to NY POST story.


Here's ONE's statement on the recent allegations against them:

Contrary to the suggestion in the New York Post yesterday, 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.

ONE has nearly 120 staff in the US, UK, Germany, Brussels, France, Nigeria and South Africa whose job it is to fight for funding for effective programs like the Fund and the US global AIDS program PEPFAR. As a result of those programs, today more than 4 million Africans have access to life-saving AIDS medication, up from only 50,000 people in 2002. Malaria deaths have been cut in half in countries across Africa in less than 2 years.

As other examples of our work, ONE helped successfully press for debt relief for Haiti after the devastating earthquake there and we recently played an important role in the passage of a law in the US requiring oil companies to report any payments to government officials – an effort to end backhanded deals between energy companies and corrupt politicians that hurt people in poor countries.

ONE has been a relentless advocate for these programs and policies and we have used the media spotlight to ensure world leaders keep their commitments. The media kits that were mentioned in the New York Post article, which were produced for far less than was cited and delivered by staff and volunteers, not a messenger service, were an effort to focus reporters on the Millennium Development Goals, a set of promises world leaders made to cut poverty, hunger and disease by 2015.

In hindsight, the kits were not the best way to gain attention for the issues and we regret that sending them distracted from the work we are trying to do and the issues we care about.

This isn't neccessarily a boots on the ground charity/NGO [501c (3)organization], but more of a political lobby/think tank with nonprofit status [501c (4)organization] meant to influence policy.

In general, 501(c) (4) organizations are allowed to spend a substantial portion of their revenue on lobbying our government and not every donation to them is tax-deductible.

I can see from the other threads there seems to be wanton ignorance as to the nature of the tax status of Bono's ONE.

The news article incorrectly spins ONE as a charity, when in actuality it is a nonprofit that can do charitable work but MUST DISPERSE 50% of its funds for political lobbying.

Many here (proud of their liberal/progressive views) for their overzealous hate for Bono seem to be be willing to stand in line with Rupert Murdoch, who also uses 501(c) for his own political purposes.

Once again this is an issue that plays out larger in the UK than the US, where Murdoch's media empire has great sway.

Bono as an Irishman who has done well and is willing to speak out of line seems to rankle...

I must admit that I find the vitriol that gets aimed at Bono a little mystifying. Certainly his public outbursts are occasionally cringe-worthy, and there's definitely something about his swagger that can be irritating. On top of that, I echo Merrick's sentiment that Bono's eagerness for photo-ops with the likes of Dubya Bush and Tony Blair (and saying appalling things like Blair and Brown are "the Lennon and McCartney of global development") probably do more harm than good -- the tyrants get the publicity and the magical sheen of superstardom, and Bono gets empty promises in return. If the phrase "the Lennon and McCartney of global development" actually meant anything at all, it wouldn't apply to the kind of men who launch wars of aggression.

However, when taken as a whole, I don't think Bono does more harm than good in the world. Far from it. And given how many people out there genuinely do more harm than good... well, the heavy criticism levelled at Bono always seems misplaced to me.

You might not like his music, which is fair enough. I do as it happens (well, there are three U2 albums that -- for me -- are honest-to-god works of genius; the rest I can take or leave), but the negativity he attracts is surely not down to people disliking his music. There's lots of music I don't enjoy, but I don't have a problem with the people making it... I just choose not to listen to them.

No, the problem people have with Bono seems to be to do with his philanthropic work. It just doesn't seem to be enough for some. And yet, if you actually look at what he has done, it's little short of amazing.

A recent documentary on RTE televison estimated that there are 2 million people in Africa today who have access to fresh water, medical care and education directly as a result of his work and donations. Two million people!

For me; that right there is a get out of jail free card for his insufferability. He can stand on his city-sized stage and pretend to be Jesus in a different stadium every night if that's what it takes to keep him going. You, after all, don't have to buy a ticket.

And the point is; that is what keeps him going. His massive ego, his messianic complex and delusions of personally changing the world... those things might make you a pain in the arse, but they help a lot when you're trying to dramatically improve the lives of millions.

As for the tax issue? Once again, just like that New York Post article which completely misrepresents the facts* in order to stick the boot in, the tax issue has been greatly exaggerated.

Like most businesses making hundreds of millions per year, U2 have accountants to handle the finances (though the image of Larry, Bono, Adam and The Edge sitting down in front of complicated ledgers after every show amuses me). These accountants are paid to maximise the profits from the business -- as are accountants in any business (remember, this is U2 we're talking about, not Bono's charitable works).

So, in order to do their jobs properly, those accountants shifted some of the company's holdings to the Netherlands to reduce the tax liability. It's crappy that we live in a world where big business does that; but it is the world we live in... and blaming a business for acting like a business is a strange thing to do. Instead we should be rewriting the rules so that "acting like a business" involves far more social benefit, and less naked profit.

Having said all that, the RTE programme made the point that Bono earns 95% of his income outside Ireland, but pays about 40% of his tax inside Ireland -- even after moving certain parts of the business overseas. So the issue is overstated, and Ireland still earns plenty from U2.

Even if we didn't though... two million people with vastly improved lives because of one man's efforts? I say cut him some slack, and just switch over when he starts annoying you on the telly.

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* The 'One' organisation is a campaigning group not a distributive charity. If you want to criticise it for failing to pass on donations to the poor, then at least be consistent and criticise Amnesty International too, for not giving their donations directly to political prisoners. Like Amnesty, like Greenpeace, like many others, 'One' uses its resources to campaign -- in their case, against poverty. And in our heavily mediated world, that tends to mean press-packs and wining-and-dining people in media, business and politics.

That old tax issue, eh ?

http://www.guardian.co.uk/music/2009/feb/27/u2-irish-aid-group-coalition

http://www.newstatesman.com/200506270006

Exactly. Nail On The Head, as usual.

It's a bit over-cast here today.

I blame Bono myself.