'Idol Gives Back': Where Did Last Year's $76 Million Go?
As "American Matinee idol" fans train to watch the second yearbook "Matinee idol Gives Back up" show up on Wed, a written report from The Freshly House of York Times on Monday (April 7) questioned where the $76 million raised by final stage year's Emmy-winning read has gone.
According to the Times, officials at the "Paragon Gives Back" charity have so far declined to spillage a full accounting of which charities benefited from last year's all-star event. A spokesperson for the fellowship that oversaw the fundraising and distribution of the pecuniary resource, Charity Projects Amusement Fund, said financial statements were still being audited and would be released by Crataegus oxycantha.
The Times composition doesn't advise anything nefarious, noting that interviews with officials involved in the charities that received pledges of money from the register and unnamed people associated with the program showed that about of the money raised has been given to or pledged to anti-poverty organizations in Africa and the United States. It did billet, however, that nearly $5 trillion of end year's payoff and interest remains undistributed.
The 2007 evince received $55 1000000 from call in viewers and $14 meg in donations from corporations; corporations and foundations as well gave $7 one thousand thousand in lead or matching grants to the designated charities. So far, the Times said about $68 million has been pledged to ball club charities, only because that money was scheduled to be distributed all over iI age, only over half of it has been doled out so far.
The dislocation for the distribution of the 2007 takings — which were about evenly distributed betwixt charities working in Africa and in the U.S. — included pledges of $7.5 zillion for four American charities, including America's Endorsement Harvest, Make unnecessary the Children, the Boys & Girls Clubs of America and the Children's Wellness Fund, with another $37,five hundred distributed to smaller domestic help charities. Five-spot African organizations received pledges of $6 meg, among them: the Global Fund to Fight Acquired immune deficiency syndrome, TB and Malaria, the United States Fund for United Nations Children's Fund, Zero simply Nets, Malaria No More and Save the Children. The Kibera Initiative, which helps kids in the Kibera slum area in Nigeria, received $1 gazillion, and $340,000 was distributed among other African charities.
Around $5 meg was used for administrative costs — everything from paying for sound lines to legal costs — just that is but most 7 percentage of the contributions, which, according to experts, is depress than the amount of viewgraph for about charities.
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