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Mary J. Blige Charity

Sued Over Missing $250k

5/27/2012 6:20 AM PDT BY TMZ STAFF
breaking news

0525_mary_j_blige
Mary J. Blige's charity is more TAKE than give ... this according to a bank which claims it lent the foundation $250,000 ... but only got $400 back.

TMZ has learned ... the Mary J. Blige and Steve Stoute Foundation for the Advancement of Women Now is being sued by TD Bank over a $250k loan it took out back in June 2011.

According to a suit filed earlier this month in New York, the foundation agreed to pay the money back by December 2011, but when the time came to collect ... the org. had only put a $368.33 dent into the principal.

The bank claims it has demanded payment in writing on February 7 and 29, but hasn't heard back from the foundation. 

This lawsuit isn't the only troubles with which the foundation is dealing. It didn't file a federal tax return for 2010 .. so says the NY Post, and it's also being sued by musicians from a 2011 fundraising gala who claim when it came time for payment they were stiffed.

A rep for Blige tells TMZ, "The Mary J. Blige and Steve Stoute Foundation For The Advancement Of Women Now, Inc. (FFAWN) is presently transitioning its management and headquarters."

The rep adds, "We remain committed to our mandate of helping  women gain the confidence and skills necessary to reach their full individual potential."

30 COMMENTS

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16.

Meanie    

When will ya'll learn... hoodsters can't do math!

775 days ago
17.

rainbow bite me    

"Mary J Blige'c Charity"? nice typo in the title

775 days ago
18.

Sincerity    

What's sad about this entire situation is Mary J. Blige was featured in a recent issue of Essence magazine as a very successful entertainer who knows how to "MANAGE" money. She should have never borrowed the money to begin with unless she was certain paying back the loan wouldn't be a problem. It's always better to start out "SMALL" especially if you're not going to set up the necessary financial controls to ensure every penny that's received and spent is properly accounted for. There are some very worthwhile charities created or endorsed by celebrities that do great work. Hiring someone who has a "SUCCESSFUL" track record with managing "non profit" organizations may have prevented this "somewhat" EMBARRASSING situation. Non profits have to be "WELL MANAGED" like any other business.

775 days ago
19.

carly    

At least Elvis gave from his heart...Racist bitc Blige claims he's racist!! She has no clue how giving he was and never looked back (even to Black Ppl) Shows what a phony bit.h she is. Get you facts straight b4 you accuse elvis of that again Blige

774 days ago
20.

BAMBI*     

THIS IS BULL ****! Westchester Jewish Community Services owns and operates FFawn, Mary is no more then a glorified spokesperson & now "fall-guy"!

774 days ago
21.

RicRoc5    

Boy you white people really have a lot of hate in you............No wonder why you are referred to as DEVILS. Wow.

774 days ago
22.

demetrius    

The negative comments about Mary are coming from a bunch of losers!!! Talking about her like you know what is going on in her life!! How stupid can you people be? You know nothing,instead of getting the facts, you blast off on a well established artist!! Dumb ****s!!! O and if she could not sing,she would not have sold out concerts, a **** load of awards,millions of albums sold worldwide!! And she has never been on crack bitches!!! The last time I checked A GED was as good as a high school diploma! You are ordinary people with no importance in life,but yet you come on blogs speaking on **** with no knowledge!! Once again you dumb ****s she is already well established! Get your **** together ordinary people!!!!

770 days ago
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