"The Kresge Foundation, established with a $1.6 million endowment from K-Mart founder Sebastian Spering Kresge in 1924, has morphed into a $3 billion behemoth. Ideological giving has grown along with the foundation’s fortunes under the stewardship of former Minneapolis mayoral candidate Rip Rapson.Read the whole story.
The group gave approximately $9 million to Washington, D.C., organizations between 2003 and 2006 with nearly half that money going to the American Red Cross. Rapson took over in July 2006; between 2007 and 2011 Kresge gave $52 million to 68 organizations based in Washington, D.C. Nearly all of that money has gone to liberal groups, including lavish grants to the Center for American Progress, Tides Foundation, Sierra Club, and Progressive America Fund.
None of these political groups received funding from Kresge prior to 2007."
Sunday, May 13, 2012
The perversion and redirection of charity
Really, it's enough to make one never want to donate to a foundation, even one that funds good causes. The next generation bespoils the direction and intention of the founder. It becomes a playground of the left.
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