Monday, December 5, 2016

Politico: Where Betsy gives her money. | Fred Klonsky

Politico: Where Betsy gives her money. | Fred Klonsky:

Politico: Where Betsy gives her money.

devos

Reposted from Politico’s Morning Education:
By Michael Stratford | 12/05/2016 10:00 AM EDT
With help from Caitlin Emma and Benjamin Wermund
WHERE BETSY AND DICK DEVOS HAVE FUNNELED THEIR PHILANTHROPY: Beyond the millions of dollars that the DeVos family has spent bankrolling Republican candidates across the country, Betsy DeVos and her husband, Dick, also have given away tens of millions of dollars of their fortune through a philanthropic foundation they started in 1989.
– Much of the billionaire couple’s charitable giving reflects their conservative political views and Christian beliefs – and looking at where they’ve chosen to funnel money may also offer some clues about the causes that Betsy DeVos may seek to champion as Donald Trump’s education secretary.
– The foundation’s most recent tax forms, which were completed several weeks ago and obtained by POLITICO after a request, show that the Dick and Betsy DeVos Family Foundation in 2015 doled out more than $10 million to a wide range of organizations – and pledged an additional $3.2 million in grants to be paid out in future years. Here are some of the highlights:
– The Dick and Betsy DeVos Family Foundation approved $400,000 in funding for Loudspeaker Media Inc., helping former CNN anchor Campbell Brown launch her education site, The 74. Brown said recentlythat she’d recuse herself from editorial involvement of her site’s coverage of DeVos. A couple of days before that decision, however, Brown authored an op-ed for The 74 that praised DeVos. The foundation also gave $400,000 to Brown’s nonprofit, The Partnership for Educational Justice.
 Success Academy Charter Schools received $150,000 from the foundation in 2015, with another $150,000 approved for future payment. The New York City charter school chain’s founder, Eva Moskowitz, who was also Politico: Where Betsy gives her money. | Fred Klonsky:
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