Mary J. Blige Charity Sued Over $250K Bank Loan

Singer Mary J. Blige and her charity the Mary J. Blige and Steve Stoute Foundation for the Advancement of Women Now is being sued after the foundation took out a $250,000 bank loan and then only paid back $400.

The organization and singer are being sued by TD Bank which claims the loan was taken out in June 2011 while Blige’s charity only offered one principal payment of $368.33.

TD Bank says in the lawsuit that they demanded payment in writing on February 7 and February 29 but never heard back from the charity.

This is not the first time the Mary J. Blige and Steve Stoute Foundation for the Advancement of Women Now has had issues, in 2010 the organization failed to filed a federal tax return and it is currently being sued by various musicians who appeared at a fundraising gala in 2011 but were then refused their performance payments.

When asked about the organizations issues a representative for Mary J. Blige told TMZ:

“The Mary J. Blige and Steve Stoute Foundation For The Advancement Of Women Now, Inc. (FFAWN) is presently transitioning its management and headquarters.”

Rather than addressing the organizations issues the rep added:

“We remain committed to our mandate of helping women gain the confidence and skills necessary to reach their full individual potential.”

In the meantime the organization will now spend thousands of dollars it does not have in order to defend itself against payment lawsuits from banks and musicians.

Do you think Mary J. Blige should personally cover her not-for-profits losses?