Intermarkets' Privacy Policy
Support


Donate to Ace of Spades HQ!



Recent Entries
Absent Friends
Bandersnatch 2024
GnuBreed 2024
Captain Hate 2023
moon_over_vermont 2023
westminsterdogshow 2023
Ann Wilson(Empire1) 2022
Dave In Texas 2022
Jesse in D.C. 2022
OregonMuse 2022
redc1c4 2021
Tami 2021
Chavez the Hugo 2020
Ibguy 2020
Rickl 2019
Joffen 2014
AoSHQ Writers Group
A site for members of the Horde to post their stories seeking beta readers, editing help, brainstorming, and story ideas. Also to share links to potential publishing outlets, writing help sites, and videos posting tips to get published. Contact OrangeEnt for info:
maildrop62 at proton dot me
Cutting The Cord And Email Security
Moron Meet-Ups


NoVaMoMe 2024: 06/08/2024
Arlington, VA
Registration Is Open!


Texas MoMe 2024: 10/18/2024-10/19/2024 Corsicana,TX
Contact Ben Had for info





















Mid-Morning Art Thread | Main | The Demented Usurper Biden, On His Own Dictatorial Authority, Announces "Rule" That Presumes to Outlaw Most Private Gun Sales
April 12, 2024

THE MORNING RANT: Re-thinking Charitable Giving to Foundations

Handing out one dollar.JPG

I’ve been meaning to write about the problems with foundations for some time, but I’ve just never gotten around to it, because there are so many awful stories to tell, so many facets to the problem, and so much research that could be done for a good long-form essay. Since that great essay I’ve intended to write apparently isn’t ever going to get written, I’d just like to highlight a few thoughts I have about my disdain for foundations, and suggest that you make sure any foundation you are donating to is using your money as you prefer. Or, as an alternative, you might consider donating directly to charitable organizations that will spend your donation rather than investing it.

Here are a few of my biggest problems with foundations.

1) Long-established foundations get hijacked by activists, and no matter what the original purpose of the foundation was, in time it will be used for left-wing activism. John Rockefeller and Henry Ford never intended for the foundations they established with their fortunes to eventually become anti-American funding sources that promote global communism and “climate justice,” but that is what their money is being used for now.

2) Local foundations established to support worthwhile charities eventually tend to redirect their focus toward money management and compensation for those managing the investments. The actual money that makes it to the charity tends to be doled out grudgingly, and only after all the administrative expenses of the foundation (including salaries) are subtracted from the minimum required distribution. Let’s say a foundation has a $20,000,000 portfolio and it is required to distribute 5% for its annual distribution, or $1,000,000. After the salaries, travel, and other expenses of those managing the money are paid, just a few hundred thousand dollars may make it to the actual charity in a given year.

3) “Charitable” foundations established by affluent individuals are used as a way to launder their travel and living expenses as tax deductions.

The great Oilfield Rando has a hilarious example of Number 3:

Oilfield Rando - Whole Systems Foundation - 1.JPG


Here is the link where Mr. Rando found that story of nautical philanthropy.

Oilfield Rando - Whole Systems Foundation - 2.JPG

I gave plenty of money to various foundations over the years until I began to understand how little of my money was getting to the intended charity. No more. Rather than give to the (hypothetical) “Widows and Orphans Foundation,” I will now only donate directly to the operations of the Widows and Orphans organization itself. A $1,000 gift to the operating fund of the charity will provide it with $1,000 dollars to use this year, whereas a $1,000 donation to its associated foundation might result in perhaps $20 or $30 making it to the actual charity this year.

[buck.throckmorton at protonmail dot com]


digg this
posted by Buck Throckmorton at 11:00 AM

| Access Comments




Recent Comments
stu-mick-o-sucks: "sock off ..."

[/i][/b]andycanuck (ZdexC)[/s][/u]: "#433 Dan Bongino @dbongino 11h This is absolut ..."

Biden's Dog sniffs a whole lotta malarkey, : "ing translation just had a stroke. Posted by: ric ..."

[/i][/b]andycanuck (ZdexC)[/s][/u]: "BDW @BryanDeanWright 10h Spoke to friends still a ..."

TheJamesMadison, fighting kaiju with Ishiro Honda: "431 I think the hardest thing about learning Hebre ..."

Bulgaroctonus: "I think the hardest thing about learning Hebrew wo ..."

L - If they do it with you, they'll do it to you, too: "Mea culpa, poor typing, spelling ..."

L - If they do it with you, they'll do it to you, too: "AP, WORLD NEWS Spain, Ireland and Norway will rec ..."

rickb223 [/s][/b][/i][/u]: " רפואה של ..."

[/i][/b]andycanuck (ZdexC)[/s][/u]: "Hitler didn't finish the job. Sorry. I meant ..."

Bulgaroctonus: "Doesn't Ted Turner have Alzheimer's now? ..."

RedMindBlueState[/i][/b][/s][/u]: " Apparently attractive young women stuck in dryer ..."

Recent Entries
Search


Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
Powered by
Movable Type 2.64