"And, the amount of "hidden money" handled by the Tides Foundation is considerable. Since its founding, the relatively little-known foundation has made over $300 million in grants. In 2002 it amassed assets of $139 million and had an income of $59.3 million. Between 1995 and 2001, $4.3 million of that money came from the Howard Heinz Endowment. In 2002, it and the Vira Heinz Endowment blessed The Tides Center, a San Francisco spin-off of the Tides Foundation, with another $190,000 while the two endowments gave $1.6 million to the new Tides Center for Western Pennsylvania.
If all this movement of money between the Tides Foundation, Tides Center, two Heinz Endowments and Pittsburgh's new Tides Center for Western Pennsylvania has you shaking your head, let's talk about your money. You, the taxpayer.
Nearly $8 million in taxpayer money flowed into the Tides Center in the form of federal grants made by eight different agencies between 1997 and 2001. They include the Environmental Protection Agency, the Department of Housing and Urban Development, the Department of Agriculture and the Department of Energy. Does this mean your tax dollars also are going to fund the Tides Center for Western Pennsylvania, a creation of the Howard Heinz Endowment, which in 2001 was worth a breathtaking $788.6 million in 2001? With the Tides Center for a partner, we will likely never know.
HOO Wouldda Thunk It?!
RATS're Corrupt!!
FReegards...MUD