$3.8M SPENT

Does not look like the school Madgey wanted to build via her charity for the children in Malawi will see the light of day...just yet.

The New York Times reports:

A high-profile charitable foundation set up to build a school for impoverished girls in Malawi, founded by the singer Madonna and fellow devotees of a prominent Jewish mysticism movement, has collapsed after spending $3.8 million on a project that never came to fruition.

Madonna issued a statement saying she was still intent on using the organization, which has raised $18 million so far, to advance improvements in the beleaguered nation.

“There’s a real education crisis in Malawi,” she said. “Sixty-seven percent of girls don’t go to secondary school, and this is simply unacceptable. Our team is going to work hard to address this in every way we can.” She and her aides offered no explanation of why, given her high interest in the project, she had not noticed the problems as they began unfolding