Charity Commission News

British supermodel Naomi Campbell has been barred from being a charity trustee in England and Wales for five years after the poverty charity she founded nearly two decades ago was deemed to have been “poorly governed” with “inadequate financial managem...

Fashion for Relief, by a UK watchdog group, Naomi Campbell will be prohibited from holding charitable trustee positions for a period of five years. In a report that was made public on Thursday, the Charity Commission of the United Kingdom stated that the charity was poorly governed and had inadequate financial management. According to its investigation, the charity devoted less than 9% of its profits to grants and charitable causes, and certain of its expenditures were deemed to be not reasonable. Besides security for the 54-year-old Campbell during a 2018 Cannes Film Festival event, this also includes a stay at a five-star hotel and spa treatments, room service, and the purchase of cigarettes. Bianka Hellmich and Veronica Chou, two of Campbell's co-trustees, were also disqualified from trusteeship for terms of nine and four years, respectively. Following an investigation by the Charity Commission, it was discovered that Hellmich had received over £290,000, or over $388,000, in unapproved consulting fees.

The commission in charge of regulating registered charities in England and Wales has announced it had begun investigating Effective Ventures Foundation, an organization tied to bankrupt crypto exchange FTX.