La Raza’s Growing Influence: Gaining clout and tax dollars in all branches of government FEBRUARY 23, 2015
Finances and Organizational Structure
The National Council of La Raza, which has about 165 employees, is extremely well off, according to data provided in its 2013 annual report. The group, a 501(c)(3) “public charity,” disclosed net assets of $109,269,832 as of Sept. 30, 2013. It reported total expenses of $44,589,483.
NCLR also maintains at least one separate related nonprofit entity, the Strategic Investment Fund for La Raza Inc. It is also a 501(c)(3) and serves essentially as La Raza’s piggybank, reporting $31,944,200 of “funds held in trust” for its parent group at Sept. 30, 2013. Its purpose, according to its IRS filings, is “to support the charitable and educational activities of National Council of La Raza, to engage in any and all activities necessary or appropriate to raise funds for the purposes of the organization.…”
National Council of La Raza receives tremendous support from the usual suspects in left-wing philanthropy. Major donors include Bill & Melinda Gates Foundation ($29,367,869 since 2003); Ford Foundation ($18,745,600 since 1999); Neighborhood Reinvestment Corp. ($9,098,857 since 2008); W.K. Kellogg Foundation ($7,838,113 since 2002); Charles Stewart Mott Foundation ($6,076,000 since 1999); John D. & Catherine T. MacArthur Foundation ($4,920,000 since 1999); George Soros’s Foundation to Promote Open Society ($2,562,500 since 2009) and Open Society Institute ($2,487,331 since 1999); and Carnegie Corp. of New York ($1,425,081 since 2002). It has also enjoyed $5,472,379 in support from the Walton Family Foundation since 2001.
La Raza receives considerable support from corporate philanthropies as well. Among them are Pepsico Foundation ($12,021,107 since 2001); Bank of America Charitable Foundation ($8,416,200 since 2004); UPS Foundation ($6,587,296 since 2004); Walmart Foundation ($3,700,000 since 2010); Verizon Foundation ($2,925,000 since 2001); General Motors Foundation ($2,240,000 since 2004); Comcast Foundation ($1,845,000 since 2007); Citi Foundation ($900,000 since 2001); and Wells Fargo Foundation ($750,000 since 2011). These funds come from corporate foundations that are legally separate from the businesses themselves. No doubt considerable sums are given, without any required disclosure, directly from major corporations.
Sounds like a massive tax dodge.
Thanks, great info.