Mary J. Blige’s women’s charity is getting sued for defaulting on a $250,000 loan! Oh my. This is what happens when you attach your name to something and things go wrong. YOU Get the blame. See how that works, people? Granted, Mary J. has the power to make things right but my question is why oh why did Blige have to take out a loan for this?
TD Bank filed a lawsuit earlier this month stating that it had loaned the Mary J. Blige and Steve Stoute Foundation for the Advancement of Women $250,000 in June 2011, which it promised to pay back last December. Instead, it says the organization has only paid $368.33. The bank states it had sent two notices for payment in February, but that the organization has not responded. At the same time, reports say the foundation is also being sued by musicians who performed at a fundraising event last year and have yet to be paid.
A rep for Blige released the following statement in regards to the lawsuit saying, “The Mary J. Blige and Steve Stoute Foundation for the Advancement of Women Now, Inc. (FFAWN) is presently transitioning its management and headquarters… We remain committed to our mandate of helping women gain the confidence and skills necessary to reach their full individual potential.”
Here’s hoping this all gets squared away. The goal of a charity is to have people donate money so that you don’t have to take out loans. It sounds like this charity hasn’t been properly promoted or people just don’t care. I just don’t understand why Blige had to take out a loan for something like this. Anyone have any idea?