charitable organizations gave out just
She drew the big names but didn't dole out the big bucks.
The celebrity backed charity launched by departing Daily Beast editrix Tina Brown failed to meet the business's goals in its first year out of the gate handing out just $10,000 in grant profit 2011 despite raising nearly $1.2 million, IRS financial records show.
The nonprofit Women in the arena Foundation kicked off to much fanfare in 2011 with a star studded Manhattan party that cost $168,048 and was organised by Meryl Streep.
In IRS registration mark papers, the basis estimated it would give out $300,000 in grants or loans from June to December 2011, But fell wanting the mark, by a single $10
jacob degrom away jersey,000 payout to the Fund for state of New York, informations show.
the basis had hoped to rake in $1.5 million in many benefits in the same period, but alternatively collected $1.17 million, depending on filings.
A speaker for Brown said the 2011 figures don't reflect the scope of the foundation's work in its first months, Noting that the focus was on the non profit's educational and content rich components and not on grant making.
the basis has not yet filed its 2012 tax return
David Wright jersey, But Brown's spokeswoman said Women in the ominous landscape Foundation has given out about $1.1 million since its introduction, Out of approximately $2.6 million mentioned.
that most $1.1 million in funds, She stated, requires a new $800,000 grant to Vital noises, A massive essential women's rights non profit.
Brown's foundation is slated to get together with that group in the wake of her departure from Daily Beast.
Women in the World Foundation was set up by Barry Diller's Newsweek/Daily Beast LLC to harness the prosperity of Brown's money making, Celebrity filled Women in the World summit an annual power girl powwow that draws the likes of oprah winfrey, Hillary Clinton, julia roberts, Madeleine Albright and Condoleezza rice.
The Ford support, Rockefeller makeup foundation and Africa Global signed on as founding partners for the fund, which had been run by four top Daily Beast execs, counting Brown. the aim, Brown said at the time, is without a doubt "Advancing and even girls" by way of "Building on the achievements the summits,
Brown and Diller severe their Daily Beast ties this week and Newsweek in the being sold off
Authentic Neil Walker Jersey.
None of the four execs who ran the inspiration drew a salary, good tax records
degrom road jersey. Newsweek Daily Beast embellished about $400,000 in spending, Including office space and technical support, For the building blocks.
in line with the tax filings, Brown put in about two hours a week at the non-profit, While director Kim Azzarelli, A top Newsweek day by day Beast exec, signed about 10 hours a week, based on an IRS filing.
The foundation's other two administrators, secretary Randy Shapiro and treasurer Stephen Colvin, Each put in an average of an hour a week. Colvin and Shapiro have left the corporation.
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