Mary J. Blige’s Foundation for the Advancement of Women Now, a charity to help women, came under fire last week for failing to pay its vendors, file taxes and repay a $250,000 loan to TD Bank. In an interview with Hot 97’s Angie Martinez, Blige admitted that the mismanagement occurred and assured listeners that the organization has replaced its entire business team and will make good on the scholarship funding it promised to its beneficiaries.
From Hip Hop DX:
“It happens that FFAWN [The Mary J Blige and Steve Stoute Foundation for the Advancement of Women Now] has been mismanaged [financially],” she explained. “When I found out about all these issues and things concerning FFAWN, I immediately got on the phone with my lawyers and my advisors and tried to rectify this and fix this so none of those women [aided by the charity] would suffer that are going to college … my goal is to do exactly what I set out to do and my motives were true and upfront: I set out to empower, encourage and help women and because I got a second chance myself, I wanted to give them a second chance. But it turns out that the business part of it was not managed properly…the funding that needed to come in for everything, the business side [of the organization] dropped the ball and everyone was about to suffer.”
She added, “Right now as we speak, I’ve hired a team of people that are making sure that my business is taken as far as FFAWN is concerned. FFAWN is not shutting down, we are restructuring and we put a great team of people in place. I’m just proud to say that the grants, the scholarships that we set out to take care of will be taken care of.”