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Tuesday, May 15, 2018

Foundation follies

The NGO class is comprised of high-level financial predators who have refined the art of capturing and converging new foundations and charities in order to control the resources they contain, as they've been doing this for more than 100 years. Not even the Left is safe from their rapacious predations:
In the Democratic Party’s reckoning following the election of Donald Trump, an unlikely feud has erupted inside an organization at the heart of the progressive movement. Earlier this year, the board of directors of Wellstone Action — an influential training group formed after Paul Wellstone’s death — dumbfounded Minnesota Democrats when it voted the late senator’s sons off the governing board.

Founded after Wellstone’s death in a plane crash in 2002, Wellstone Action has trained thousands of progressive candidates, campaign operatives and community organizers throughout the country, with alumni serving in local and state offices and in the U.S. House. In 2016, the last year for which tax filings are available, the group reported providing training to 2,135 data and digital strategists, 723 nonprofit leaders and community organizers, and 854 aspiring political leaders.

David Wellstone and other Democrats close to his father began objecting last year to what David Wellstone described as Wellstone Action’s abandonment of disaffected Democrats in the rural Midwest — the rural poor were an early focus of the late senator — with an increasingly narrow focus on gender politics and people of color.

“I said, ‘After Trump, we’ve got to figure out how we are going to go back after those Democrats that we lost,” David Wellstone said. “We can do all the stuff we do. We do great stuff on communities of color; we’re doing great stuff on gender identity politics. But we need to do some of these other trainings. … Nobody wanted to have a discussion about that.”

In a prepared statement, Connie Lewis, chairwoman of the Wellstone Action board, said the group’s “mission has not changed.” But the group’s staff and board of directors appeared to suggest a shift in the progressive movement since Paul Wellstone’s death, asserting in a statement on its website that “a lot has changed over the last fifteen years” and that “the progressive movement also looks different today than it did when we first started.”
If you're a high-wealth individual, the world would be much better off if you left all your money to your cats or simply set it on fire instead of putting it into a trust or charitable foundation. It took the predators just 16 years to capture the Wellstone Foundation, and they did so despite the man's own sons being on the board. It doesn't matter how clever you think you are or what preparations you make, they've been doing it a lot longer than you've been alive and all it takes is one weak director to be bribed, bullied, or otherwise convinced to start packing the board with their people.

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41 Comments:

Blogger Keyser Soze May 15, 2018 11:18 AM  

Or blackmailed, cause they all got their « minor » indiscretions!

Blogger Elijah May 15, 2018 11:20 AM  

in 5-10 years the progressive movement will finalize its exclusion of European /white Americans and move fully into identity politics. they have done the math and see the decline in white birthrates. after the elimination of whites, they will jettison the blacks in favor of Hispanic and mooslem groups. these two groups breed like rabbits and will never rise above being dependent poor. they will buy their votes and complete the destruction of this country.

Blogger RobertT May 15, 2018 11:25 AM  

Absolutely correct. I was recently approached by an SV mogul who represented other moguls who asked about creating non-profits & other entities anonymously so that no one would be able to tell who formed them or controlled them. THey wanted a powerpoint and a proposal. I don't do those so they disappeared. But he still follows me on LinkedIn. The Clinton Foundation made an art form out of non-profits. There are many, many non-profits don't use 10% of collections on their charitable purpose. Everything is diverted elsewhere. Red Cross?

Blogger Looking Glass May 15, 2018 11:35 AM  

@3 RobertT

Current main play is using a Canadian cut-out. Canada has a non-reporting requirement for Non-profit money. So laundered money goes to Canada, then gets sent to American-based "Charities".

Depending on jurisdiction, you can use friendly lawyers to do a LOT of "technically illegal/they can't ever prove it" stuff. The funny part is the search of Trump's lawyer was looking for these types of things.

On the foundation side of things, the smarter play has been to put a "money spent by X time". Can still be converged, but if they have to burn money on specific things, they are actually forced into it. Though most of the major Foundations were setup from the wealth of Men that were already progressives, so they were already partially converged.

Blogger Shimshon May 15, 2018 11:36 AM  

The Joker had a point in burning that mountain of cash. Just makes for soft criminals.

Blogger RobertT May 15, 2018 11:37 AM  

I agree with Q. Our society is so shot through with fraud at the highest levels, it may take a complete rewrite to fix it.

Blogger RobertT May 15, 2018 11:38 AM  

@ Looking Glass.
Respect. Thanks for the info.

Blogger Johnny May 15, 2018 11:39 AM  

>>If you're a high-wealth individual, the world would be much better off if you left all your money to your cats...

About the size of it, although I can think of a better use than burning it. What we really should do is to greatly tighten the requirements that have to be met for funds of any sort to be tax favored. It is the tax favoring that is public policy that can be changed.

Maybe the concept of a tax advantaged fund should be dropped. Placate the public by providing matching funds for money spent on charitable uses, thus showing it up as a public expense, instead of hiding it behind a tax avoidance. That would give much better public awareness. And while we are at it, require that they spend 10% on the anointed purpose. And if they fail to meet this requirement, tax away any money that was not spent up to the 10% required. Over time this would get rid of these huge rolling funds that go on for generations and do things like empower the Bushes and the Kennedys

Blogger pyrrhus May 15, 2018 11:42 AM  

If you're a high-wealth individual, the world would be much better off if you left all your money to your cats or simply set it on fire instead of putting it into a trust or charitable foundation.

Precisely. In his several travel books about Africa, Paul Theroux has repeatedly observed that NGOs are one of the main destructive forces of village life there, as well as national institutions. Some African leaders that he interviewed have agreed.

Blogger Ransom Smith May 15, 2018 11:46 AM  

If you're a high-wealth individual, the world would be much better off if you left all your money to your cats or simply set it on fire instead of putting it into a trust or charitable foundation
Or the countless fools who left their money to universities.

Anonymous Anonymous May 15, 2018 11:47 AM  

Though this is an unusual and interesting case because it was a leftist foundation that was hijacked, one only has to look at the Boy Scouts to see that even a nominally conservative NGO (who won a solid USSC victory affirming its freedom of association) easily falls to the same fate. All 501c(3) churches are infiltrated, and the larger denominations (including Mega-churches) are already converged. The predators of course have several significant advantages:

Their access to the fake-money machine, usually via (((tribal))) connections, gives them basically unlimited funds to either take control of boards via sheer volume of 'donations', the ability to pay infiltrators to attend endless board and committee meetings, engage in agitation and propaganda with their handy connections in (((fake news))), plus direct access to government funding at the federal and state levels. Add to this the general cluelessness of the original founders and descendants of the targeted organization and it's been pretty much like stealing candy from a baby for the cadre of SJWs.

Blogger pyrrhus May 15, 2018 11:49 AM  

Obama once said that contributions to foundations should not be tax exempt, or deductible....Which I wholeheartedly agree with...

Anonymous Anonymous May 15, 2018 11:55 AM  

True.
for example Alger Hiss was the president of Carnegie foundation.

"Mr. Carnegie the rich Scotchman that developed this foundation, would turn over in his grave if he knew that kind of people were running the foundation" (HEARINGS REGARDING COMMUNIST ESPIONAGE IN THE UNITED STATES GOVERNMENT TUESDAY, AUGUST 3, 1948)

The same about Ford foundation etc.

Blogger Looking Glass May 15, 2018 12:01 PM  

@7 RobertT

It's always about hoop jumping, though with the light shone on the Clinton Foundation, I do wonder if Canada is going to quietly tell a few people to leave before they get blowback.

Blogger Azure Amaranthine May 15, 2018 12:09 PM  

"Red Cross?"

Literally bought out by the banksters over a century ago.

Blogger Azure Amaranthine May 15, 2018 12:12 PM  

It's even better than that. First they buy you out, pure "generosity", then as soon as their generosity has gained them control, you get spun around and find out that all that generosity is debt you're now liable for, while they make off with all your material and otherwise non-liable resources.

Blogger August May 15, 2018 12:16 PM  

Well, thinking about a previous post, it occurs to me those the least likely to high-jack your trust are those publicly dis-invited to something because of SJW accusations.

Blogger freddie_mac May 15, 2018 12:26 PM  

chairwoman of the Wellstone Action board, said the group’s “mission has not changed.” ... asserting in a statement on its website that “a lot has changed over the last fifteen years”

They can't even lie properly: either nothing has changed or everything has. Guess this sloppiness can be explained by being drunk on power (too much winning), right?

Blogger Lyon May 15, 2018 12:50 PM  

"If you're a high-wealth individual, the world would be much better off if you left all your money to your cats or simply set it on fire instead of putting it into a trust or charitable foundation."

It's the intelligence behind such zingers as this that keeps me coming back for a good read. Thanks Vox!

Blogger Stilicho May 15, 2018 1:09 PM  

There should be no federally tax exempt entities of any kind. None. And before someone spergs about their church, your church doesn't need a federal tax exemption: donations to the church are not taxable for the church (or any donee for that matter unless it's part of a fraud, crime, etc).

The taxes on the business income of these leftist political organizations masquerading as charities should begin at 100 percent and go up from there.

Blogger James Dixon May 15, 2018 1:19 PM  

> If you're a high-wealth individual, the world would be much better off if you left all your money to your cats or simply set it on fire instead of putting it into a trust or charitable foundation.

> Or the countless fools who left their money to universities.

Yes and yes. I'm considering a trust when I die, but solely to protect the principle I leave behind and keep my family from spending it. The trust will be entirely to their benefit and possibly to fund a small scholarship each year for my old high school.
The only reason I'm interested in a trust at all is that I can't trust my family members with access to the principle.

Blogger Snidely Whiplash May 15, 2018 1:24 PM  

We all know who Henry Ford was. Check out the directors of the Ford foundation.
Aside from the weird photoshooping that makes them look alien or retarded,, how many could even be classified as White, let alone American?

Blogger heyjames4 May 15, 2018 1:28 PM  

On the one hand there's giant piles of money, controlled by the enemies of civilization, marshalled under the banner of good works, protected only by nepotism and a long-gone reputation of good works. On the other the country, if not the world, is heading to a revolutionary turning. Perhaps GEOTUS will do to the Foundations what Henry VIII and Napoleon I and Emperor Meiji did to the Monasteries in their day.

Blogger DonReynolds May 15, 2018 1:31 PM  

The old foundation giants.... Rockefeller, Ford, and Carnegie are perfect examples of the acute difference between the beliefs and goals of the donor who created the foundation and how each was converged over time to be some of the most progressive institutions in the world. Whole books have been written on the role of foundations and NGOs that have been converged, some even before I was born.

This is not a new idea. It was one of the few contributions of Vlad Lenin to Marxist philosophy, which he referred to as "capturing the commanding heights" as a prelude to communism. Communist victory would no longer be the result of a revolt of the masses (reserve army of unemployed) but spread through the capture of the leading institutions, from the top down.

Anonymous Anonymous May 15, 2018 1:41 PM  

Or they will just steal a heir, hide heir under fake name & have sex predator felons change the will witnessed by an illiterate wetback housekeeper to remove the families charity from it as seen in the Huggett Clark story. For what Huggette Clark gave to her sex offender accountant's charities she could have hired 100 former special forces soldiers to carry her around on a sedan chair thru NYC for all the years she was locked up.

https://www.nbcnews.com/news/world/huguette-clarks-300-million-copper-fortune-divided-heres-deal-flna4B11244681

Blogger Johnny May 15, 2018 1:58 PM  

James Dixon wrote:I'm considering a trust when I die

I think if you are going to set up a trust of some sort it should be set up in such a way that it diminishes over time. By the time it gets to the second or third generation those people are not enough like you that they should be funded. Let the next generation see to the generation after them if they choose to, not you.

Blogger August May 15, 2018 1:58 PM  

I hear this crap happens in Japan too. Nobody can hand wealth down, especially property, except the rich get to if they use some sort of trust. So, naturally, there's another pile of assets in a trust...

Blogger Brett baker May 15, 2018 2:02 PM  

He meant the "wrong" foundations.

Blogger Brett baker May 15, 2018 2:06 PM  

I could lead a purging team for the God-Emporer and America.

Blogger Brett baker May 15, 2018 2:07 PM  

I could lead a purging team for the God-Emporer and America.

Blogger Brett baker May 15, 2018 2:07 PM  

He meant the "wrong" foundations.

Blogger Looking Glass May 15, 2018 2:12 PM  

@27 August

In most years, in Japan, over 95% of adoptions are of Adult Males, as direct family members can inherit far more, at less tax rate, than non-family members. As you go up the net worth scale, it gets really wonky. For the rich but not super rich, they do these really wonky real estate transactions so they write off huge losses on the estate.

Blogger Teleros May 15, 2018 2:14 PM  

I wonder if advances in AI and the like might work. Fully automated trust management software, running on a dedicated server with some nice anti-hacking tools etc, and perhaps some means of hiring guards & lawyers to protect itself etc in the event that outsiders want to screw around with it.

Blogger YIH May 15, 2018 2:21 PM  

What's the current price to buy an NFL team? $2.2 billion.

Blogger August May 15, 2018 2:40 PM  

@32,

I've heard of the adult adoptions, but didn't put it together. I suppose they get mostly funds, but it looks really hard to keep property together. You wouldn't happen to be able to read Japanese and have some good links? I probably don't have the vocab yet, but I probably will eventually. Plus, when it is stuff I am interested in, I tend to keep slogging through it.

And I happen to be really interested in when and where folks can start developing private estates again- the sort that actually funded the beginnings of real science, and the sort likely to lead to true statesmen, real nobility, etc... One of the reasons I am hopeful about Trump- he's going to want to protect himself, his estate, etc...- from the jackals, so presumably he's going to change some of this stuff.

Blogger James Dixon May 15, 2018 2:58 PM  

> I think if you are going to set up a trust of some sort it should be set up in such a way that it diminishes over time.

I expect inflation will take care of that, despite my best efforts. :(
But it's not going to be enough money for that to be a real concern. It'll barely be enough to get someone like Schwab to manage it.

Blogger Don't Call Me Len May 15, 2018 4:47 PM  

@16 - The good ol' Mafia bust-out: "Fuck you, pay me!"

dumbfounded Minnesota Democrats when it voted the late senator’s sons off the governing board

If any of them are truly "dumbfounded" by this turn of events, they're not merely dumb, they're moronic

Mark Wellstone, who now runs a marijuana dispensary in Colorado

David Wellstone, who now runs a sober housing program for women in Minnesota


And these guys actually do things. What is more antithetical to the modern NGO than actually putting forth effort for others?

Blogger Ian Stein May 15, 2018 9:27 PM  

Always go after the money to stop a commie organization. They always require financial supporters.They're leeches by nature.

Blogger Freddy May 15, 2018 9:36 PM  

Vox, what about AJ? or Q?
The counterintelligence is complete.

Blogger Mac May 16, 2018 3:57 AM  

"If you're a high-wealth individual, the world would be much better off if you left all your money to your cats (...)"

NOT SURE.


The wealthy feed their cats the best grass feed Kobe beef they can get, and their human servants steal from their cats: wealth corrupts always and always humans, since only humans "see" wealth. In other words, Imagination is Corruption (and War is Peace, Ignorance is Strength, Freedom is Slavery). Eyes are shut wide.

Blogger Zeroh Tollrants May 16, 2018 4:32 AM  

Silly goy-the left thinks inheritance and generational wealth is *deebly, deebly racist* against persons of color because none of their ancestors bought houses, land, had life insurance, 401Ks, stocks, bonds or just good old-fashioned savings accounts. By the time you die, the brown majority will have made it illegal for white people to leave any wealth to their own familial heirs.
Your money/property will be confiscated and distributed to POC,
in the Rwandan/Zimbabwean, S. African style of "reparations."

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