By Carter Maness
The Mary J. Blige and Steve Stoute Foundation for the Advancement of Women Now, a charity organization run by the iconic songstress and well-respected entrepreneur, is under fire after missing loan payments, failing to pay royalties and neglecting to file taxes.
The latest in a series of miscues by the organization comes courtesy of a loan agreement signed with TD Bank in June 2011. According to TMZ, the charity took a $250,000 loan to cover expenses with an agreement to repay the total in full by December 2011. Come December, it had only returned $368.33 on the six-figure total.
The bank demanded payment in writing on February 7 and 29, but has yet to hear from the foundation.
That's not the only problem facing the increasingly-broke charity. The organization neglected to file a federal tax return for 2010 and is currently being sued by musicians who claim that the charity failed to pay them promised wages after participating in a benefit. "The Mary J. Blige and Steve Stoute Foundation for the Advancement of Women Now, Inc. (FFAWN), is presently transitioning its management and headquarters," said a rep for Blige in short statement.
It's not the first controversy for the singer this year, either. Blige was the center of an advertising firestorm after appearing in a spot for Burger King where she belted-out ingredients for a Crispy Chicken Wrap while standing on a table. She was reportedly paid $2 million for the spot, which was immediately met with cries of racism by her fans and subsequently pulled from the air.