Uncover the secrets of billionaire philanthropy! This post dives deep into IRS Form 990, revealing how the ultra-rich spend their charitable dollars. #BillionairePhilanthropy #CharitableSpending #DonorAdvisedFunds #PhilanthropicAccountability #IRSForm990Goldmine https://quartzin.blogspot.com/2025/08/the-billionaire-secret-5-irs-form-990.html

ProPublica Updates SCOTUS Connections Database
https://www.propublica.org/article/propublica-supreme-connections-database-new-filings

* U.S. Supreme Court justices’ finances
* new 1990s Clarence Thomas filings
* Sam Alito's latest disclosure

Comment: social justice advocates - this is superb - Nonprofit Explorer
https://projects.propublica.org/nonprofits
* incl. U.S. IRS Form 990 tax filings ... super important resource

#SocialJustice #LegalAdvocacy #HumanRights #Propublica
#nonprofits #501c3 #505c4
#Trump2 #GOP #RepublicanParty #fascism
#DarkMoney #DAF #DonorAdvisedFunds

Backgrounder on Tucker Carlson
https://truenorthresearch.org/2024/09/backgrounder-on-tucker-carlson

* Tucker Carlson platforming Nazi propaganda
* history of anti-immigrant, white supremacist comments
* True North reprises updated excerpt of previous backgrounder on Carlson

#FoxNews #TuckerCarlson #disinformation #GOP #conservatism #fascism #EnablingFascism #Nazism #Trumpism #WhiteSupremacy #xenophobia #antiLGBT #populism #misogyny #DonorsTrust #DonorAdvisedFunds #DAF #CharlesKoch #libertarianism #billionaires #TAXtheRich

Donors get substantial tax deductions, including for complex appreciated assets, when they place funds into a #DAF.

But they have no obligation to distribute the funds to qualified charities.

And donations from DAFs are not transparent

#DonorAdvisedFunds

https://inequality.org/great-divide/abusive-donor-advised-funds

For those interested in dark money funding and influence, this is an excellent forensic analysis of Charles Koch and his conservative, neoliberal organizations and spending.

Assets of Koch-Controlled Organizations Soar to Over $8.1 Billion
https://www.exposedbycmd.org/2024/05/08/assets-of-koch-controlled-organizations-soar-to-over-8-1-billion/

#DAF #DonorAdvisedFunds #DarkMoney #neoliberalism #liberalism #CharlesKoch #Koch #AmericansForProsperity #ALEC #ModelActs #capitalism #ChaseKoch #ExposedByCMD #CMD #WatchdogJournalism

Around $11 million spent 2018-23 on congressional #lobbying related to #donoradvisedfunds, mostly lobbying against changing the status quo.

Chronicle of Philanthropy article (paywall, interviews both sides of the reform conversation): https://www.philanthropy.com/article/philanthropy-spent-11-million-to-prevent-changes-to-daf-rules

Institute for Policy Studies report (IPS advocates for law and regulatory changes in DAFs): https://ips-dc.org/wp-content/uploads/2024/04/Policy-Report-Who-Is-Lobbying-Against-Charity-Reform-4-5-final.pdf

The Institute for Policy Studies analyzed 1,401 #donoradvisedfunds sponsors, creating a parallel data set to NPT's annual report. Different from NPT, the Institute separated from the group of national DAF sponsors 9 DAFs that serve as workplace giving sponsors or donation processors.

https://inequality.org/great-divide/daf-sponsor-numbers/

The majority of American #taxpayers (of both major political parties) support reforms for #foundations #donoradvisedfunds #charitabledonations. The data came out after foundations were on Capitol Hill advocating for the status quo.

https://inequality.org/research/charity-reform-poll/

Want to learn more about the proposed #IRS regulations of #donoradvisedfunds? Two organizations are offering free webinars:

- Jan 10 by DAF Giving Summit https://app.livestorm.co/dafsummit/irs-daf-regulations-what-they-do-and-how-to-get-involved?type=detailed

- Jan 16 by Charitable Solutions https://us06web.zoom.us/webinar/register/WN_3JYUZk6SS5WQnFEa5Zzl6A#/registration

- Jan 18 by Charitable Solutions https://us06web.zoom.us/webinar/register/WN_kSm23WwNQx2daTvBdXpDhg#/registration

@RollingStone calls out #donoradvisedfunds sponsors and #communityfoundations for funding #health #disinformation and #antivax charities https://www.rollingstone.com/politics/politics-features/rfk-jr-anti-vax-orgs-funding-major-charities-1234857214/

Woah. Someone finally pulled it off - a website comparing #donoradvisedfunds sponsors! So far, no community foundations, other place-based sponsors, or sponsors like universities. But still, an impressive start.

Picture is a sample profile (more info on policies and practices when you scroll down). See more at https://www.donoradvisedfunds.com/

Addendum 2 cont'd

(Fidelity OR Vanguard OR Schwab) AND lgbt
(Fidelity OR Vanguard OR Schwab) AND hate
"charitable fund" AND "leonard leo"
"Marble Freedom Trust"
...

#FamilyResearchCouncil #FRC #HateGroup #lgbt #homophobia #transphobia #disinformation #ChristianRight #TLM #TransLivesMatter #CultureWars #theocracy #LeonardLeo #FarRight #neofascism #DAF #DonorAdvisedFunds #DonorsTrust #Fidelity #Vanguard #Schwab #ConcordFund #85Fund #MarbleFreedomTrust #HateGroups

FYI Sep 12 webinar: For-Profit Philanthropy: Elite Power and the Threat of Limited Liability Companies, Donor Advised Funds, and Strategic Corporate Philanthropy https://events.iu.edu/philanthropy/event/1039778-for-profit-philanthropy-elite-power-and-the-threat

#philanthropy #donoradvisedfunds #wealth

Philanthropy Northwest, one of the many #philanthropy serving organizations, announces support for increased #donoradvisedfunds transparency, payout regulation, and research to ensure that philanthropy is more accountable to communities. Hope they come to the DAF Giving Summit

https://philanthropynw.org/news/rising-concerns-accountability-donor-advised-funds

#publicpolicy #accountability

[thread] Dark money, campaign finance
https://en.wikipedia.org/wiki/Dark_money

* spending to influence elections, public policy, political discourse
* source of the money not disclosed to public

https://www.persagen.org/docs/leonard_leo.html

#DarkMoney #CampaignFinance #DAF #DonorAdvisedFunds #DonorsTrust
#Trump2 #GOP #fascism #StatePolicyNetwork #SPN #LeonardLeo
#ALEC #ModelActs #ModelBills
#SCOTUS #CitizensUnited #corporations #LegalPersonhood
#billionaires #libertarianism
#WealthTax #TAXtheRich #AssetForfeiture #AssetSeizure

Progressive-leaning The New Republic critiques #donoradvisedfunds funding of 'hate groups' https://newrepublic.com/article/172927/fidelity-schwab-vanguard-charitable-donor-advised-funds-hate-groups

How Fidelity, Schwab & Vanguard Fund Hate Groups
Charities affiliated w. major investment banks allow anonymous donors to give millions of dollars to anti-LGBTQ & racist groups, get tax break
https://newrepublic.com/article/172927/fidelity-schwab-vanguard-charitable-donor-advised-funds-hate-groups

#GOP #Project2025 #protofascism #Schwab #Vanguard #Fidelity #PrivateEquity #DarkMoney #DonorAdvisedFunds #DAF #CampaignFinance #LeonardLeo #85Fund #MarbleFreedomTrust #ConcordFund #FarRight #ChristianRight #capitalism #billionaires #plutocracy #oligarchy antiLGBT #transphobia

Commercial Donor-Advised Fund Industry
Commercial DAF sponsors are squirreling away money intended for charities more than they're giving it away
https://inequality.org/great-divide/commericial-donor-advised-fund-industry

* DAF firms hold ~0.25 trillion USD

How the DAF Industry Controls the Data and Attempts to Control the Narrative
https://www.insidephilanthropy.com/home/2023/1/30/how-the-daf-industry-controls-the-data-and-attempts-to-control-the-narrative

https://persagen.com>> search: "Donor-Advised Funds"
donorstrust OR "donors trust"

#DAF #DonorAdvisedFunds #DonorsTrust #DarkMoney #CampaignFinance #philanthropy #DefundBillionaires

>$2.5 Billion in Donor-Advised Fund Grants Went to Other DAFs in 2021
IRS releases 2 years of long-awaited nonprofit tax filings showing enormous jump in DAF-to-DAF giving
https://inequality.org/great-divide/daf-to-daf-grants-2021

... an enormous jump 2020-20221; almost certainly an undercount

Warehousing Wealth in Donor-Advised Funds: >1 billion dollars in DAF other commercial DAFs in 2019
https://inequality.org/great-divide/warehousing-wealth-donor-advised-funds

#CampaignFinanve #DarkMoney #DAF #DonorAdvisedFunds #PoliticalCorruption #neofascism #neoconservatism

ALEC State Lawmakers Lead Campaign to Conceal Conservative Donors
https://www.exposedbycmd.org/2023/07/13/alec-state-lawmakers-lead-campaign-to-conceal-conservative-donors

Seventeen states have enacted broad anti-disclosure laws since 2018 that will further conceal the influence of dark money in politics based on model language first developed by the American Legislative Exchange Council (ALEC).
...

#AmericanLegislativeExchangeCouncil #ALEC #DarkMoney #DonorAdvisedFunds #ModelActs #ChristianRight #neoconservatism #CultureWars #legislation #DAF #neofascism