These organizations are the tax shelters of the mega rich.
These filthy rich, mostly old money types, have not made their fortunes. They USE their fortunes. They really could care less about a product, as they have never CREATED anything. They don’t understand the concept of business, in terms of a product. Their business is to use the banking system and the concept of MONEY to control the fortunes that they INHERITED. Most have never actually WORKED at anything. They hire financial overseers that hide, trade, or maneuver money in ways that produce MORE money. They are themselves institutions, which is why they CREATE institutions, like the “community organizations” that they found. These organizations are much BIGGER than their names and more nefarious in their agenda’s, yet the average person working for one of these may not even be aware of the damage these “philanthropic” ventures cause. Most of them are tied to even larger schemes and some may even advertise the like, but in the end, the below example, is what each one of them are a part of.
Posted by acorcoran on February 2, 2011
…..and why the average American trying to maintain our culture and country through immigration control has a hard time fighting the battle. The other side is rich and connected to big business (offshore money too!).
Yesterday as I searched for more information on the Migration Policy Institute, an organization that pretends to be a balanced nonpartisan think tank which just this week put out a report that goes after Sheriff’s in some counties overseeing the 287g program, I came upon Unbound Philanthropy. It is one of those private foundations used by the super wealthy to channel their excess funds (avoiding taxes by so doing) to pet charities and political projects.
In this case the rich guy is William Reeves of Hawaii:
William Reeves is a director and co-founder of BlueCrest Capital Management Ltd. Based in London, BlueCrest manages investments for a predominantly institutional investor base across 15 diverse funds. Until April 2000, when he left to establish BlueCrest, Mr. Reeves was a Managing Director at J.P. Morgan in London and head of macro strategy and trading within the proprietary trading group. Prior to that, Mr. Reeves was a fund manager at Salomon Brothers Asset Management Limited and at Fisher Francis Trees and Watts, with responsibility for managing leveraged capital. He has also worked for JP Morgan New York where, from 1991 to 1993, he was a Vice President in charge of a team managing the company’s leveraged multi-currency proprietary investment portfolio. Mr. Reeves is a US Trustee of the Children’s Investment Fund Foundation. He holds an MA in Philosophy from New York University and a BA in English from Yale University. Mr. Reeves was born in Honolulu and raised in Richmond, Virginia where his parents were both educators.
Check out Unbound Philanthropy’s most recent Form 990. This is a private foundation with a net worth approaching $100 million (note offshore accounts). In 2008 Mr. Reeves donated $2,619,583 to the foundation (probably reducing his tax liability) to his mostly political projects. He passed most of that money through this foundation to a list of projects that include (among others):
The Tides Center (money launderer supreme): $250,000
Southern Poverty Law Center: $150,000
American Immigration Law Foundation: $150,000
Center for American Progress (LOL! Pushing back against Hate Project): $46,000
And, it looks like the big winner is the International Rescue Committee with three grants: $150,000, $200,000, and $212,000
On their website they brag about many more recent grants, including my favorite:
Also in 2010 he laundered $500,000 through the Tides Foundation. In 2009 he gave $150,000 to Media Matters (George Soros) and $240,000 to the Tennessee Immigrant and Refugee Rights Coalition (ahhhhh!). And, this is how I found Unbound Philanthropy in the first place, they (rich Mr. Reeves) gave the Migration Policy Institute $95,000 to study amnesty for “undocumented youth and women.”
It’s all legal of course, but the next time you hear whining from the pro-migration forces that this is all about the poor and the downtrodden, remember it isn’t. It is about politics, about new immigrants as Democratic voters, and it’s about cheap labor for big business (like the meatpackers) and nannies and gardeners for rich people.
Just a reminder that David North of the Center for Immigration Studies summed it up well when he attended a recent meeting of theMigration Policy Institute:
It is useful to note that the pro-migration advocates, though allied with each other, come in three different groupings. There are the employers, who want lower wages; there are the ethnic organizations who say, in effect, “Let My People In”; and then there are the intellectuals [ed: read Leftists!], represented Thursday at a session of the foundation-supported Migration Policy Institute.
So our side (the immigration control side) is up against the big money and the hard left political machine using the average do-gooders and immigrants as their foils.
A final question for Mr. Reeves: If you are so interested in promoting social change (aka the redistribution of wealth), why not redistribute all your holdings now directly to the refugees and other poor immigrants being dropped off in our cities and towns by the US State Department and their federal contractors. If the social justice Marxist one-worlders you are supporting win the political war in the US, they will be taking it from you or your heirs anyway.