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| Congressional Black Caucus: Fund-Raising Anomalies |
| 2010-02-16 |
| When the Congressional Black Caucus wanted to pay off the mortgage on its foundation's stately 1930s redbrick headquarters on Embassy Row, it turned to a familiar roster of friends: corporate backers like Wal-Mart, AT&T, General Motors, Coca-Cola and Altria, the nation's largest tobacco company. Soon enough, in 2008, a jazz band was playing at what amounted to a mortgage-burning party for the $4 million town house. Most political groups in Washington would have been barred by law from accepting that kind of direct aid from corporations. But by taking advantage of political finance laws, the caucus has built a fund-raising juggernaut unlike anything else in town. It has a traditional political fund-raising arm subject to federal rules. But it also has a network of nonprofit groups and charities that allow it to collect unlimited amounts of money from corporations and labor unions. From 2004 to 2008, the Congressional Black Caucus's political and charitable wings took in at least $55 million in corporate and union contributions, according to an analysis by The New York TimesThe caucus says its nonprofit groups are intended to help disadvantaged African-Americans by providing scholarships and internships to students, researching policy and holding seminars on topics like healthy living. But the bulk of the money has been spent on elaborate conventions that have become a high point of the Washington social season, as well as the headquarters building, golf outings by members of Congress and an annual visit to a Mississippi casino resort. In 2008, the Congressional Black Caucus Foundation spent more on the caterer for its signature legislative dinner and conference — nearly $700,000 for an event one organizer called “Hollywood on the Potomac' — than it gave out in scholarships, federal tax records show. But caucus members have attracted increasing scrutiny from ethics investigators. All eight open House investigations involve [black congressional]caucus members, and most center on accusations of improper ties to private businesses. |
| Posted by:lord garth |
| #4 "In 2008, the Congressional Black Caucus Foundation spent more on the caterer for its signature legislative dinner and conference -- nearly $700,000 for an event one organizer called "Hollywood on the Potomac" -- than it gave out in scholarships, federal tax records show." Well that's enlightening. |
| Posted by: Cyber Sarge 2010-02-16 22:31 |
| #3 backers like Wal-Mart, AT&T, General Motors, Coca-Cola and Altria, the nationÂ’s largest tobacco company. Are you sure the BC isn't getting funds from Cuba? Oh, I forgot Cuba, being a communist paradise, doesn't have any money. |
| Posted by: JohnQC 2010-02-16 18:14 |
| #2 I would be very interested to see what would happen to one of their "familiar roster of friends" if they said..."no". And since when did the Times grow a set? |
| Posted by: tu3031 2010-02-16 11:21 |
| #1 .....it turned to a familiar roster of friends: corporate backers like Wal-Mart, AT&T, General Motors, Coca-Cola and Altria, the nation's largest tobacco company. If it were anyone else the word extortion might be used. Why don't we just refer to it as a sort of insurance premium. |
| Posted by: Besoeker 2010-02-16 11:09 |