Charitable Money Laundering For Democrats: The Tides Foundation

Activist Cash.com does a fantastic job of tracing foundation and activist activities and has long cast a jaundiced eye on the actions of the Tides Foundation and its offshoot the Tides Center.Here's a sample, but I invite you to scroll through all the site's postings on these groups:Most of America's big-money philanthropies trace their largesse back to one or two wealthy contributors. 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). This is the way philanthropic grantmaking has worked for over a century: whether a given endowment's bottom line occupies six digits or...(Read Full Post)

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