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After Los Angeles Mayor Eric Garcetti took office in 2013, he helped launch a charity fund that allows donors to support diverse programs from environmental initiatives to youth employment.
Since then, Garcetti has reported raising more than $60 million from corporations, foundations, and individuals for the nonprofit Mayor’s Fund for Los Angeles. A Times data analysis found that at least $3.8 million of that total came from contributors who gave through accounts that mask their identity, a practice that alarms ethics watchdogs who say such donations skirt a state law intended to make those donors’ names public.
These contributors used donor-advised funds, a type of charitable giving account offered by some nonprofit foundations and for-profit investment firms that provide a generous tax deduction and, when requested, anonymity.
Washington Free Beacon
Whitehouse has not stopped taking dark money while crusading against it Sen. Sheldon Whitehouse/ Youtube Screenshot
March 10, 2021 2:00 PM
All three witnesses invited by Sen. Sheldon Whitehouse (D., R.I.) to testify at a hearing on the destructive impact dark money has had on the Supreme Court have significant ties to liberal dark money groups.
Whitehouse is scheduled to preside over a Judiciary Committee hearing Wednesday afternoon on What s Wrong with the Supreme Court: The Big Money Assault on Our Judiciary. Among the witnesses he called is Ben Jealous, who is currently the president of People for the American Way, a liberal group that does not disclose its donors. Jealous will be joined by Michael Klarman of Take Back the Court, a judicial advocacy group that does not identify its donors, and Lisa Graves of the Center for Media and Democracy, a liberal watchdog group that discloses some donors, but takes a significant portion of its fundi
Fidelity, Schwab donors set record for charitable giving in response to pandemic
Covid-19 also changed giving targets, as donors supported organizations that provided food and other necessities for people who experienced economic setbacks due to the outbreak.
February 17, 2021 2 MINS
Fidelity Charitable and Schwab Charitable donors gave record amounts of money to support non-profits in 2020, inspired by a desire to help those suffering during the pandemic, according to the firms.
Fidelity Charitable said its donors made 2 million grants totaling $9.1 billion to 170,000 charities last year, a 24% increase in the amount of money donated and a 31% increase in the number of grants compared to 2019, according to a report released Wednesday.
Investment Earnings in DAFs Total at Least $5 Billion, Study Finds philanthropy.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from philanthropy.com Daily Mail and Mail on Sunday newspapers.