Posted on 12/15/2023 11:21:50 AM PST by Olog-hai
A donor-advised fund devoted to supporting the United Nations Sustainable Development Goals has leapt from being a relatively minor charity to one with an asset size comparable to behemoths like the Andrew W. Mellon and David and Lucile Packard foundations.
The SDG Impact Fund, based in Cartersville, Georgia, grew from $238 million in assets in 2020 to $10 billion in 2021. That eye-popping growth, which seems to have been fueled by the meteoric rise of cryptocurrencies and digital art assets, has prompted some questions from philanthropy and tax experts.
The less stringent legal reporting requirements for DAFs compared with private foundations make it hard to understand SDG Impact Fund’s massive growth. It’s impossible to know where donations came from because donor-advised funds are not required to identify donors. Nor is it clear how the DAF put its donations to charitable use or whether donors to the fund are receiving any benefits. SDG Impact’s leaders did not respond to repeated requests for answers to questions related to the fund’s assets, growth, and donations. […]
“One of the biggest problems with philanthropy we see nowadays is that a lot of what wealthy donors do with their charity is perfectly legal but ethically problematic,” said Helen Flannery, a fellow at the progressive Institute for Policy Studies. “It’s in keeping with the letter of charity law, but not its spirit.” …
(Excerpt) Read more at apnews.com ...
Are George Costanza and Kruger major donors?
Most big charities are scams by the establishment marxists to take the money of Americans to use as they will for their own enrichment.
Just another Slush-fund for the Elites ,all the Green scam funds are the same
The Human Fund?
Ranked as one of the top global 2018 “Real Leaders 100” by Real Leaders Magazine, Amber is among the world’s foremost innovators of large-scale global systems change, and a leading pioneer in impact investing. She is a founding Principal of the 5th Element Group, a next economy for-benefit company that is harnessing the most innovative blockchain and smart contract technologies into new impact capital vehicles and products of digital value exchange to deliver the UN Sustainable Development Goals (SDGs). She also serves at Co-Founder and CEO for the Fifth Element Fund, a fully independent Donor Advised Fund (DAF) that distinctly bridges highly tax advantaged and philanthropic giving and digital crypto and token currencies towards de-risking and mainstreaming moonshots to meet the SDGs. Together, these sister impact platforms serve as a Supercluster of Innovation and global collaboration destination to bridge historic last mile innovation gaps and to begin to take true quantum leaps for humanity’s future.
Amber is credited with numerous world firsts across sustainable finance and global innovation ecosystems. She has shaped impact strategies for HNW/UHNW families and finance firms with over $13.5 trillion in AUM, and marshaled $200 billion into sustainability globally. She serves with 5thElement as the architect and President of the DecadeOf Women, a decade solutions campaign to complete the gender equity revolution; and the Curator of the SDG Finance Summit, mobilizing women, millennials and the $60 trillion wealth transfer they will receive into meet the SDGs. She is a committed mindfulness practitioner, Master Global Systems Change Facilitator; Guide for the Heroes Journey; and advocate for a dignified and regenerative future with women and the feminine leading the way. She is also a Co-Producer of the SDG Heroes Seriesand of the first of book trilogy of intimate photographs and interviews of women leaders in their power – “Women of Iceland in Their Power: Daughters of Fire and Ice.”
“The $10 billion charity no one has heard of”
The Human Fund?
xxxxxxxxxxxxxxxxx
check for campaign contributions to kemp, Raffensperger & stacy abrams
We need to do away with the 501c(3) laws and completely kill all “nonprofits” in the USA. Most “nonprofits” are only in business to enrich their handlers or compete with for-profit entities*
*isthisnickcool - First posted about 15 years ago here.
source of funds? SorozNazi again... or someone else?
In this case ‘philanthropy’ equates to ‘willing to kick back the highest ratio to UN officials.’
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