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2016-12-28 Fifth Column

Kellogg Foundation Made Huge Grants to John Podesta’s Center for American Progress

[BREITBART] The W.K. Kellogg Foundation gave nearly two million dollars to the John Podesta-founded Center for American Progress
...George Soros-funded think tank headed by John Podesta, White House chief of staff under Bill Clinton, supplied progressive talking points and policy positions for the Obamaregime. There was a revolving door between the White House and its nerve center, with the president staffing his administration with many of its operatives....
and a closely affiliated organization called Washington Center for Equitable Growth that also lists John Podesta as a founder.

The W.K. Kellogg Foundation is the namesake nonprofit arm of the Kellogg Company, which weeks ago pulled advertising from Breitbart News, declaring in an official statement that Breitbart is not "aligned with our values as a company."

The Foundation describes itself as being "founded in 1930 as an independent, private foundation by breakfast cereal pioneer Will Keith Kellogg" and "among the largest philanthropic foundations in the United States."

Although the Foundation states that its mission is to "create conditions for vulnerable children so they can realize their full potential in school, work and life," the donations to John Podesta’s Center for American Progress--which Politico described as "the leading progressive think tank in Washington"--is part of W.K. Kellogg Foundation’s pattern of giving to partisan, far left-wing political organizations such as Black Lives Matter, George Soros’ Open Societies Institute, and the Tides Foundation.

I'd say the Foundation has strayed a tad from its original goals.

My proposals for new tax laws (I do so like the Instapundit's proposals and tag on to his):

all nonprofit foundations with a net worth in excess of $10 million dollars are to be disbanded on the 30th anniversary of their founding, with all undisbursed proceeds to be distributed equally among the state (not Federal) governments proportional to their representation in Congress

all nonprofit foundations will pay appropriate taxes on income generated from investments at the current short-term capital gains rate

donations made by nonprofit foundations to other nonprofit foundations shall be taxed at the current short-term capital gains rate

I could go on!

Posted by Fred 2016-12-28 00:00|| || Front Page|| [11136 views ] Top

#1 "To help inner city children of promise without the necessary means for a necessary means for a higher education."

Posted by swksvolFF 2016-12-28 11:57|| 2016-12-28 11:57|| Front Page Top

#2 Just another money laundering scheme among the 1 percenters. Just check the pay/perks the top management gets.

Posted by Procopius2k 2016-12-28 18:46|| 2016-12-28 18:46|| Front Page Top

#3 You could wind up dissolving just as many nonprofits (both charities & foundations) just auditing them for compliance items. I'm not aware of any sizable team or group dedicated to compliance spot checks (by that I mean ever during my professional near-30 year career); they're probably audited at the same rate as partnerships (1/100 of 1%, last I checked).

Posted by Raj 2016-12-28 23:11|| 2016-12-28 23:11|| Front Page Top

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