Bono’s charity org is bogus

After reading this story about how Bono and U2 take full advantage of tax breaks etc. (thanks Mangoat) I ran across a related story that RED (a charity organization that Bono founded to fight AIDS in Africa) spent only 18% of their revenues last year on their stated goal; yep, the other $82M went towards advertising. What a shame.

Point/Counterpoint: (RED) Raises $100 Million, Spends 82% On Advertising

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