Apple Has Raised $65 Million To Fight AIDS

[onehandle]

Source: Business Insider

You know all those red iPods marked (RED), where some of the proceeds are supposed to go to AIDS research?

Turns out Apple's raised over $65 million for AIDS research through the program.

That's the word from rockstar philanthropist Bono and (RED):

Bono at #CGI2013 on @RED partners: "Apple is certainly leading the crew" Thank you Apple for raising over $65 million to fight AIDS.


Read more: http://finance.yahoo.com/news/apple-raised-65-million-fight-184421123.html

[Bluenorthwest]

1. Be informed when you give chairity to millionaires...

http://metro.co.uk/2010/09/21/bono-under-fire-over-one-charity-donations-totalling-9-6m-519721/

"though Red was established with the express purpose of generating charitable funds to “help eliminate AIDS in Africa,” the entity behind the campaign is not itself a charity. Instead, the entity that owns the Red label, and that enters into the licensing agreements with the {Corporate Partners} is a limited liability company, incorporated in Delaware, under the name The Persuaders.

http://aidwatchers.com/2009/12/cui-bono-the-murky-finances-of-project-red%E2%84%A2/

[onehandle]

2. You should forward those four year old links to Bono.

Tell him he's wasting his time spotlighting the fight against AIDS.

[FailureToCommunicate]

3. +1

[grantcart]

5. Actually the point seemed to be settled in the link itself:

We asked the Red campaign for a response on these issues. It was reassuring that we got a prompt response. CEO Susan Smith Ellis wrote:


To the question about whether or not our founders receive profits from (RED) – (RED)™ is owned by the Persuaders, LLC, a company founded by Bono and Bobby Shriver. Any profits earned by The Persuaders, LLC are required by the organization’s charter documents to be paid directly to the Global Fund to fight AIDS, Tuberculosis and Malaria. Bono has never received compensation from The Persuaders, LLC. When Bobby Shriver served as CEO and Chairman, he was compensated for fulfilling those duties. He no longer serves in those capacities and does not receive any compensation from The Persuaders, LLC.

As for charitable solicitation registration as a ”professional fund raiser,” The Persuaders, LLC is not contracted by the Global Fund to solicit contributions and does not receive any compensation from the Fund and, therefore, does not fall under the N.Y. charitable solicitation registration requirements.

[HenryWallace]

4. Great job Apple!

Now, how about paying the billions in taxes you owe?

[link:http://ataxingmatter.blogs.com/tax/2013/05/does-apples-cook-cook-the-tax-books.html|