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Unusual $5 Million Grant from Tax-Exempt ACORN Affiliate to ACORN Central Organization
Capital Research Center ^ | October 21, 2008 | Matthew Vadum

Posted on 10/21/2008 6:34:30 PM PDT by vadum

We're not sure if this is improper but thought it unusual enough to get it out there in the blogosphere.

First, some background.

ACORN, that is, the Association of Community Organizations for Reform Now, is a nonprofit Arkansas corporation that is not tax-exempt. ACORN likes not being tax-exempt because that means it doesn't have to give much in the way of public disclosure. It carries out its activities largely through its affiliates. One of its affiliated organizations is the American Institute for Social Justice Inc. The Institute is tax-exempt so it is required by federal law to disclose a great deal of important financial information in its annual tax return which is called an IRS Form 990.

The Institute disclosed at Statement 3 on page 20 of its 2006_990 form that it provided a $4,952,288 grant to ACORN, the non-tax-exempt Arkansas nonprofit corporation for “community reinvestment.”

It might not be illegal but it is certainly unusual for a tax-exempt entity to provide a grant to its non-tax-exempt parent organization.

ACORN is a strange organization.


TOPICS: Breaking News; Crime/Corruption; Front Page News; Politics/Elections
KEYWORDS: acorn; antichrist; fundingtheleft; obamafrauda; presidentbyfraud; votefraud
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1 posted on 10/21/2008 6:34:32 PM PDT by vadum
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To: vadum

No such thing as unusual with ACORN.....


2 posted on 10/21/2008 6:37:51 PM PDT by ButThreeLeftsDo (FR....Monthly Donors Wanted)
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Comment #3 Removed by Moderator

To: vadum

How much of that money was stored in a freezer?


4 posted on 10/21/2008 6:45:40 PM PDT by umgud (In a crisis, dump gold, buy lead)
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To: vadum

“ACORN is a strange organization.”

ACORN is a corrupt union....built on bullying to get Dems in office, DEM votes what ever way they can get them at taxpayers expense......unbelievable what we have let our leaders do to America.


5 posted on 10/21/2008 6:46:38 PM PDT by IndianPrincessOK (McCain/Palin...2 pit bulls, one with lipstick! Pigs will fly with lipstick Nov. 4th)
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To: OneWingedShark

Steady......

;-)


6 posted on 10/21/2008 6:47:52 PM PDT by ButThreeLeftsDo (FR....Monthly Donors Wanted)
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To: ButThreeLeftsDo
We'll never have a legitimate election again. I don't think we can stop the fraud in this one. I don't. Libs have no moral code. Like any good communist will tell you, the ends justify the means. I truly believe our way of life is over.

I think now how Rush thought Obama was unelectable and how we meddled in that primary. Don't you think the Rev. Wright revelation now would have been awesome? I know hindsight is 20/20. And I never, ever thought I'd say this, but I'd kill for Hillary to be our next President.

The only hope we have is maybe there are a few decent Dems who will buck against the madness...although I wouldn't count on it.

7 posted on 10/21/2008 6:50:25 PM PDT by Hildy
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To: vadum; Grampa Dave; calcowgirl; ElkGroveDan; NormsRevenge; marsh2
It's not strange at all if you're familiar with leftist EnvironMental groups who weave even more tangled corporate webs than this by far. For instance they'll have a "front" regular "profit making" corporation that they feed profits through to a "not-for-profit" charitable/educational corporation, that are completely tax deductible to the "profit making" corporation that contributed.

Then, the "not-for-profit" corp will apply for a GovernMental grant that may double as a government approved project "for the good of all," but particularly benefits the "profit making" corporation, thus giving two tax benefits (or bites) of the apple.

It is truly a symbiotic relationship and I have only scratched the surface of some of the complex, nearly untraceable shenanigans these turkeys pull off at huge losses to the taxpayers!!!

Sometimes they can get all the way into bed with GovernMental agencies like CONservancies do with the CA real estate agency for the Dept. of Fish & Game. There's way more than "back scratching" and featherbedding going on in this situation!!!

8 posted on 10/21/2008 7:01:00 PM PDT by SierraWasp (Hey Colin Powell...Fidel Castro and Che Gueverra were "transformational figures" too, you idiot!!!)
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To: OneWingedShark

“the National Guard”

Guardsmen in Afghanistan aren’t getting their voting ballots.

They can serve, but not vote.


9 posted on 10/21/2008 7:03:48 PM PDT by combat_boots (From the Bush Derangement Syndrome(TM) to the 0bama Worship Cult in which NOTHING matters. USSKKKA)
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To: Hildy

A) Rush ran Operation KAOS to force Hillary! to bloody up Obama, because he knew that McCain (at the time) would be to “gentelmanly” to. If anything, we have Rush to thank for 10 points or so knocked off of the Chosen One.

B) Hillary! ran to the right only for election-year triangulation purposes. Never forget that she defended the G*d D*mn*d Black Panthers when they were in their prime.


10 posted on 10/21/2008 7:04:59 PM PDT by Yossarian (Everyday, somewhere on the globe, somebody is pushing the frontier of stupidity...)
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To: vadum

ACORN is sleezy in every way an organization can be sleezy. It fits....


11 posted on 10/21/2008 7:05:00 PM PDT by GOPJ (If Obama wet his pants the MSM would find a way to spin it as inspired and wonderful.)
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To: IndianPrincessOK
"“ACORN is a strange organization.”"

Not strange....

More like a PARALLEL GOVERNMENT....

1. Acorn ..mortgages for the poor....

2. Acorn....voter fraud and other ...

3. Annenberg/Acorn....new school system ...

4. Michelle Ma-belle....new alternative hospitals...

5. Obama and the "public allies" goon squad.

6. Obama/Michelle abortion clinics...

12 posted on 10/21/2008 7:07:28 PM PDT by spokeshave (0bambi wants to kill babies and raise taxes, Sarah wants to raise babies and kill taxes)
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To: Yossarian

Even with all that, I’d still rather have the devil I know than the devil I don’t.


13 posted on 10/21/2008 7:07:50 PM PDT by Hildy
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To: Hildy

I’ve been aware of ACORN since the 70’s.

Suddenly, there is concern about their illegal vote rigging in THIS election. They have been hidden, coddled and protected by the left since their inception and it is now well too late to do anything in this election cycle to counteract their criminal activities.

I’m as mad as hell, (putting it mildly) and there is nothing that I can do about it.


14 posted on 10/21/2008 7:14:40 PM PDT by ButThreeLeftsDo (FR....Monthly Donors Wanted)
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To: Hildy

Agree with every word.


15 posted on 10/21/2008 7:32:09 PM PDT by WhistlingPastTheGraveyard (democratic socialism is totalitarian communism lying in wait.)
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To: vadum

See Page 22 of the IRS statement. TIDES FOUNDATION.

Check out www.frontpagemagazine.com and its “DiscoverTheNetwork.com” of a ton of stuff on this hardcore leftist financial angel of our domestic enemies.

Obama maybe? Ayers, maybe?


16 posted on 10/21/2008 7:40:35 PM PDT by MadMax, the Grinning Reaper
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To: ButThreeLeftsDo
It's maddening. We see their master plan all coming together this election, and we're helpless against it. When Obama is President we'll have the government, the media and the banks all working together to squash any dissent. And like you said, we saw it happening and did nothing. We thought our Republican leaders would do something, for it was so obvious. But again, nothing. We are just as much to blame. And when Obama becomes President, I will shut my computer off and leave FR. We've done nothing. For all our bluster, we've done nothing. And we'll be able to do less once the Dems are in COMPLETE AND TOTAL charge.

I'm going to go live my life though my Church and my community. Like I said before. There will be no pretense of having a voice anymore. And in large part we have Bush to thank for that. If he had fought back even a little, it would have made a difference. Even now, when he could still do something for his party, he does nothing. Total slap in the face. We were there for him when he needed us. And he has left us out in the cold. Does he think they are going to hate him less? He never got that they absolutely despise him. Would like to see him dead. But he still refers to them as his friends and calls them nicknames while they laugh and mock him behind his back.

I'm fed up with them all.

17 posted on 10/21/2008 7:47:29 PM PDT by Hildy
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To: Hildy

Bush needs to suspend this election, declare an emergency if he has to, and no fooling around.

It is absolutely criminal what is going on and I for one cannot understand why the republicans aren’t in an uproar over ACORN


18 posted on 10/21/2008 7:48:36 PM PDT by RaceBannon (Innocent until proven guilty; The Pendleton 8: We are not going down without a fight)
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To: RaceBannon

I couldn’t agree more...but doing that would mean that Bush would actually have to DO something. The bastard sits and watches and does nothing while everything falls apart around him. Oh, wait..I take that back. He and his “GOOD FRIENDS” gave the banks over to the government. I can’t stand seeing his face. I turn the channel when I hear that wretched voice.


19 posted on 10/21/2008 7:50:50 PM PDT by Hildy
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To: Hildy
I will shut my computer off and leave FR.

No, you won't.

;-)
20 posted on 10/21/2008 7:53:52 PM PDT by ButThreeLeftsDo (FR....Monthly Donors Wanted)
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