Mary J. Blige’s charity has taken a whole lot, but has barely given back, according to a bank that claims it lent the foundation $250,000, but only got $400 back.
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.
The suit filed earlier this month in New York, says the foundation agreed to pay the money back by December 2011, but when the time came to pay up, the organization had only paid $368.33 towards the loan. 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 trouble the foundation is facing. The org. also didn’t file a tax return for 2010 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 says, “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.”