The Marigold Foundation, chaired by Michelle Muscat, wife of disgraced former prime minister Joseph Muscat, spent nearly half the funds received in donations for charity on events and advertising, according to audited accounts for 2021 recently submitted.
The stated goal of ‘The Marigold Foundation – BOV in the Community’ (it carries the bank’s name as it was launched as part of BOV’s corporate social responsibility programme) is to support the philanthropic NGO sector by allocating donations received to partner organisations.
The sparsely detailed accounts show that of the €146,379 received in donations, 47% or €68,956 were spent on “campaigns, events and other operating expenses”.
At the end of 2021, the Foundation held a balance of €742,255.
Foundation administrator Robert Xuereb listed only three in-person events held by the Foundation, with one additional online event.
Muscat’s ‘long-distance swimming challenge’, cited as “the main fundraising activity for the Foundation”, was not held “since the Chairperson [Michelle Muscat] was advised not to perform the challenge due to health reasons brought about by Covid-19”.
In 2019, Muscat was embarrassingly exposed on Twitter as wildly exaggerated claims of her achievements during the long-distance swim were widely publicised. Seemingly in response to the previous year’s controversy, the challenge did not have a measured distance in 2020. In 2021, it was cancelled entirely.
The administrator’s report further said that “the usual annual activities could not be held due to Covid-19 restrictions and the long absence of the Marigold Foundation staff from the office”. Nevertheless, the annual Pink October/Movember gala dinner was held on 30 October, officially the Foundation’s only fundraising event for the year.
The report also stated that “as in previous years, awareness was increased further through billboards, educational adverts on TV and radio stations as well as bus stops, TV appearances, motivational sessions for survivors and meetings with various health professionals”, refraining from listing any further details on how the money was spent.
The Marigold Foundation was initially set up by Bank of Valletta in 2014. But Michelle Muscat was effectively handed over control in 2019 through a token sum of €100 with an amendment to the Foundation’s deed.
Between 2017 and 2019, more than €300,000 in taxpayer funds were donated to the Foundation, with more than half a million euros in public funds having been donated since Joseph Muscat became prime minister in 2013.
Despite hundreds of thousands in donations and funding, The Marigold Foundation is yet to set up a website or pen a formal statute declaring its exact purposes and aims.
Another scam, maybe? A Foundation to enjoy other people’s money.
What kind of an embarrassing kind of family is this?
How can we protect the children?
(I mean that really openly and honestly.
Hopefully it’s not already too late for that.)
Joseph Cuschieri, the disgraced former CEO of MFSA and MGA gave tens of thousands of euro to Michelle Muscat’s so called foundation from taxpayers’ monies. What are the Police waiting for to investigate and prosecute?
That Goodfellas photo tells you all you need to know
Soon to be gone completely with no record of dispersal, another part of the nightmare created by Muscat the master liar and robber of a nation that will soon be in the bin.
She’s as disgraced as her husband. Shame on both of you. Blood suckers.
Actually they are money suckers.
No actually they are D…K suckers!
The honest workers Blood suckers
Super corrupt mix like her most corrupt husband.
Golden Washing Machine…
like husband, like wife……..she is a quick learner
Would anyone know of the Marigold Foundation if it’s not for the promotion? Would anyone contribute? Advertising is a necessary cost especially in this case. They would not have collected a penny otherwise. They have no pulpit with a captive audience.
Don’t be daft and ridiculous.
As I stated in another opinion article, the glitz and glamour of Hollywood has become part and parcel of Labour’s socialist policies!!!
What a shame to our once glorious past political, social and solidarity history of Malta.
2021 accounts would have been submitted last year in 2022 so someone has been delaying the fact that they are a year behind. 2022 accounts should be being audited now and figures are submitted by September.
A Typical Muscat manoeuvre, spending the money on one’s self instead of the charity concerned. I’m pleased to say I never trusted Muscat and steered clear of donating to her scam.
This woman knows no shame, and is so stupid..my deeeeer..had she been slightly intelligent she would have changed to a very very low profile lifestyle. Instead, she pops up all the time, and for something more or less shameful like this.
This is true arrogance brought about by thick ignorance..perfect Gahan..meta Gahan ddobba qalziet, libsu u hara fih..because he knew no better same as Michelle
When removing petals from her Marigolds, Michelle sings the following:
“One for me,
One for me,
One for me,
One for me” and on and on and on and on….!
Jien ma naghtix flus lil dil- firmazzjoni ghax m’ ghandix fiducja specjalment meta smajna b’ hafnastejjer.
Scam by the usual scam bugs