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

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.

While the organisation’s gameplan has never been direct handouts on the ground, many who admire the Irish rock legend may be surprised by the figures.

Bono was playing Brussels last night with U2 as the world’s leaders – so many of whom he speaks to directly – were meeting at the UN assembly in New York to assess the progress, or lack of, in reaching the Millennium goals they set.

Daily Mail UK

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