Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By Capital Research Center (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Philanthropy for “Citizens of the World”: Donors

% of readers think this story is Fact. Add your two cents.


Local Philanthropy Isn’t Local for “Citizens of the World” (full series)
Community Foundations | Grants
Donors | What Is Philanthropy For?

Meet the Donors

It’s important to note that these grants ultimately originated with (mostly) anonymous donors, not the community foundations themselves, which serve as conduits for DAF account holders. The largest community foundation givers on this list come from a handful of locales, mostly in California: Los Angeles, San Diego, the San Francisco Bay Area and Marin County, Chicago, Boston, Kansas City, Atlanta, and Memphis, to name a few.

By far the biggest is the Silicon Valley Community Foundation (SVCF), an $8.5 billion behemoth and favorite left-wing vehicle I’ve documented in these pages. Grants from SVCF and its runner-up, the little-known Foundation for the Carolinas (FFTC), account for an impressive 75 percent of the giving in our list, or more than $1.75 billion over nine years.

These are organizations that almost no one has heard of, yet they’re pillars of the professional Left and the most abhorrent causes in America. FFTC in particular is the preferred pass-through of Fred Stanback, a mega-donor characterized by Knoxville News in 2018 as a “known proponent of anti-humanist environmentalism” who believes that “protecting the environment hinges on population control,” a fusion of radical environmentalism and what we could call the abortion-industrial complex.

SVCF serves at the pleasure of a handful of Big Tech billionaires, including Facebook’s Mark Zuckerberg, former eBay president Jeff Skoll, Netflix’s Reed Hastings, WhatsApp’s Brian Acton, and Twitter’s Jack Dorsey, and former Starbucks CEO Howard Schultz.

There’s a case to be made that SVCF is a private pass-through vehicle for politically active mega-donors, all of whom are donors to the Democratic Party and left-wing causes. SVCF’s 2019 Form 990 report notes that 70 percent of its contributions that year came from just 11 donors. That figure was worse in 2018, when three quarters of SVCF’s $2 billion in contributions came from only 10 donors. Zuckerberg was and likely still is SVCF’s largest single donor, contributing $1.75 billion in Facebook stock in 2010, followed by another $200 million in shares in November 2018.

That’s after SVCF’s #MeToo scandal in April, when allegations of sexual and emotional abuse by SVCF employees prompted an investigation leading to a flurry of resignations among the top brass, including longtime CEO Emmett Carson. One black staffer was disturbingly told to “Work, slave, work” by the group’s chief fundraiser, Mari Ellen Loijens, whose reported chronicle of misdeeds includes attempting to kiss another female staffer.

Former employees’ scathing reviews on Glassdoor.com painted SVCF’s leadership as avaricious and “incredibly misguided,” with “no mission outside of being the largest community foundation in the world. . . . SVCF ultimately serves little purpose beyond helping the 1% evade taxes by putting money into charitable brokerage accounts.”

The California Bay Area may be blessed with a bumper crop of the affluent, but the shocking overreliance of the country’s largest community foundation on a sprinkling of top-dollar donors undermines its image as a publicly supported nonprofit—or even as one focused on local affairs. As philanthropy critic Alan Cantor noted shortly after the scandal, Carson and associates “found the notion of geographical community too limiting,” choosing to see SVCF as more of a global citizen. The “geographic location, interests, and identity” of SVCF’s community “cannot be placed on any one map,” Carson wrote in 2013. A year after his resignation, the group’s Form 990 report revealed that SVCF’s assets plunged by an incredible $4.6 billion.

In the next installment, ponder the purpose of philanthropy.


Source: https://capitalresearch.org/article/philanthropy-for-citizens-of-the-world-part-3/


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover -  Reduces Smart Meter radiation by 96%! (See Video).

Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.