ArticleNews - Charitable Money Laundering For Democrats: The Tides Foundation - American Thinker
The Pew Charitable Trusts was funded by Joseph Pew’s Sun Oil Company earnings, the David & Lucille Packard Foundation got its endowment from the Hewlett-Packard fortune, the Charles Stewart Mott Foundation grew out of General Motors profits, and so on. In most cases, the donors’ descendants manage and invest these huge piles of money, distributing a portion each year to nonprofit groups of all kinds (the IRS insists that at least 5 percent is given away each year). Now comes the Tides Foundation and its recent offshoot, the Tides Center, creating a new model for grantmaking — one that strains the boundaries of U. In practice, "Tides" behaves less like philanthropy than a money-laundering enterprise (apologies to Procter & Gamble), taking money from other foundations and spending it as the donor requires. Working America Education Fundâ¨261,661 - general supportâ¨245,000 - general supportâ¨200,000 - civic engagement in Ohioâ¨125,000 - organizing in Ohio, Pennsylvania, Minnesota, Colorado, and Maineâ¨115,000 - general supportâ¨100,000 general supportâ¨65,006 - general supportâ¨30,000 - general supportâ¨30,000 - General support. read more
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