Comments by "Elizabeth Loveland" (@Shineon83) on "TalkTV"
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Haha….Luckily, she CAN’T….Sentebale (the African charity, whose name means “Remember Me”) was established long before MM came into the picture….The foundation’s format (of being run and operated by a Board that works pro bono, and is composed of mainly very wealthy individuals with track records of charitable involvement, and impeccable reputations) cannot be changed, barring a major catastrophe ….
…Furthermore, “Sentebale” has an additional stopgap measure aimed at preventing fraud : Funds are directly administered —not by the Board—but by an independent, third-party accounting firm (believe it’s “Ernst & Whinny”), which is also responsible for conducting quarterly audits on the charity….Sentebale’s charter instructs that: 90% of received donations be distributed on a quarterly basis (four times a year), with 10% reserved from every quarter in order to address unforeseen needs (with “needs” defined in the text as being “catastrophic events,” such as war, earthquakes, major floods, major pandemics, etc ), in which case, at the Board’s discretion, all remaining funds may be immediately distributed”….
In other words, Sentebale represents the “gold standard” for how all charities SHOULD be set up and administered (which also makes it VERY clear that MM had no hand in it :)
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