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Resource ID: #9760
Subject: Nonprofits
Source: ABC News Day One
Date: Nov. 1, 1993



"In 1988, Dionne Warwick, an entertainer known for her humanitarian efforts, established the Warwick Foundation, a nonprofit charity whose primary goal was to raise badly needed funds for AIDS service organizations in the black community. Through high profile gala concerts, the Warwick Foundation succeeded in raising 2.1 million dollars but gave only $56,000 in direct grants to charities. In 1990 the foundation closed its doors with $690,000 in debts and 62 creditors. ... The story examines the often bitter experiences of the charities involved and exposes the mismanagement and extravagance that led to a dismal bottom line."

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