February 5, 2012

We're All Nonprofit Now

By Clarice Feldman
I have been watching over the years as non-profit foundations enormously have increased their assets and sway over the political and cultural life of America (essentially on our dime) with no real oversight or controls.  In many cases these outfits were begun by rich men and women who have  died and whose feckless heirs let the institutions fall into the control of those with views directly antithetical to the founders'. In other cases, particularly institutions like universities or those organized around a particular activity -- like providing abortions or supporting cancer research -- they depend largely on private contributions alone or in combination with government grants. To give you an idea of the immense fortune, un taxed , and outside of any of the normal controls on government or private funds , here is a list of the known assets of the top 100  Foundations. You can see we are talking about a cache of billions, if not trillions. of dollars out of government...(Read Full Article)