A July 4 concert
by pop star Elton John in Philadelphia that was expected
to raise $1 million for John's AIDS foundation and up
to $1 million for local AIDS groups could bring in
almost no money for the Philadelphia organizations, The Philadelphia Inquirer reports. Philadelphia Gay
News publisher Mark Segal, who organized the
concert, had hoped it would generate a large amount of
money for the recently created Dr. Magnus Hirschfeld Fund,
which supports Philaelphia-area AIDS charities. But
the fund could receive almost no money after a $1
million donation is made to the Elton John AIDS
Foundation.
Segal says the
nonprofit group Citizens Alliance for Better Neighborhoods
gave the Hirschfeld Fund a $667,000 advance to cover concert
expenses with the expectation that the money would be
repaid, but returning the money would essentially wipe
out all the remaining profits from the concert. Segal
says CABN is now considering whether to turn the advance
into a grant, which would allow the Hirschfeld Fund to
distribute the money to local AIDS groups.
Segal says the
Elton John concert was overshadowed by the global Live 8
concerts held on July 2--just two days before John's
concert--which included a live performance in
Philadelphia. "We couldn't get the people
after that," Segal told the Inquirer.
"Everything dried up."