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Neil Young Rips Journalist For Farm Aid Criticism


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neilyoung.jpgTinley Park, Illinois (Home of our investor)

Farm Aid singer rips up, stomps on newspaper

In a press conference after the Farm Aid concert last weekend in Tinley Park, musician Neil Young tore up a copy of a Chicago newspaper and stomped on it. What made him mad was an article critical of the farm charity for giving away less than 28 percent of its budget in direct grants.

"We are not purely raising money to give to farmers," Young said. "That's only a small part of what we do. We are available 24/7, 365 days a year to the American farmer. That's what we do. That costs a little bit of money.''

If those expenditures were included in the total, it would show that the charity spent 76 percent of its budget on its mission of helping farmers, with the remaining 24 percent going for administrative and fund-raising expenses, Farm Aid officials said.

That's well above standards set by the Better Business Bureau and other charity watchdog groups that recommend charities spend at least 65 percent on program services, according to Glenda Yoder, associate director at Farm Aid.

http://www.suntimes.com/output/news/cst-nws-farmaid20.html

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