Guest wrote:Has this fukcup been successful at anything besides marrying a royal? Can't stand her.
Fergie charity dries up
$85K ‘unaccounted’
It’s another failure for Fergie.
The Sarah Ferguson Foundation has gone up in smoke after the scandal-plagued duchess of York stopped raising money for her group.
The charity, which was set up to help families and children, had not filed a tax return since 2008 and recently landed on the state list of delinquent charities.
Ferguson started the foundation in New York City in 2006, but the duchess was not expected to be a “substantial contributor” to the group, according to its IRS application for tax-exempt status.
The organization raised $508,620 in 2007 but gave out only $22,600 in grants. Of that, $10,000 went to Children in Crisis, a charity Ferguson started in England in 1993.
SARAH FERGUSON Promised celeb galas.
SARAH FERGUSON Promised celeb galas.
The group’s 2007 fund-raising gala at Cipriani Wall Street turned into a disaster when Ferguson promised to invite a host of celebrities, including George Clooney and Brad Pitt to fill the tables, but no big celebs showed up.
The party’s organizer, LDV Entertainment, ended up unable to pay its bills, including money owed to Cipriani, according to a published report.
The charity was in the same Madison Avenue office as Ferguson’s Hartmoor LLC, a business designed to “make a profit from publicity and other personal services” for the duchess. Hartmoor went bust in 2009.
The Ferguson Foundation brought in only $55,923 in 2008 but spent $335,028, using leftover money from the previous year. It gave out grants to a variety of causes, including an effort to help Romanian children, the victims of a cyclone in Myanmar and a Florida group that promotes bone-marrow-donor testing.
Tax records show it ended 2008 with $85,000 in assets — money that is unaccounted for.
A spokesman for the duchess said the group continued to function in 2009 — giving out $88,000 in grants — and dissolved in 2011. He could not answer why there was no tax filing detailing that spending.
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Read more: http://www.nypost.com/p/news/local/ferg ... z1y3vHRZGX
These are the types of charities they should be sending forensic accountants after, not poor joes like us.
Ain't that the truth.
