Team Obama destroying Liberty one American at a time.... LOL
This has been out for awhile, but there hasn’t been any traction.
Democrats put own money into charitable foundations
Updated 1/29/2007 7:24 AM
By Matt Kelley, USA TODAY
WASHINGTON Rep. Rahm Emanuel made millions as an investment banker. Sen. Evan Bayh had leftover cash after two successful campaigns for Indiana governor. House Speaker Nancy Pelosi’s husband, Paul, became wealthy investing in real estate and technology firms.
It was with this money that each of these Democrats started a charitable foundation.
IT’S THE LAW: Dems fail to disclose roles in charities
Emanuel, Bayh and Nancy Pelosi are officers of the foundations that carry their names but failed to disclose the fact on their annual financial disclosure reports filed with Congress. Tax records show the foundations donated mostly to hometown charities that reflect the lawmakers’ personal and political attitudes. None of the foundations received donations from outside sources.
The oldest and most prominent of the three is the Paul and Nancy Pelosi Charitable Foundation. Created in 1992, the non-profit has donated hundreds of thousands of dollars in recent years. The charity reported having about $576,000 on hand at the end of 2005 after donating $316,000 to other charities that year.
Georgetown University, Paul Pelosi’s alma mater, was the biggest recipient of the foundation’s giving. Georgetown received nearly $300,000 since 2003, including $10,000 to the university’s Wall Street Alliance, a group that raises the university’s profile in the financial community. Vincent Wolfington, a Georgetown classmate and business partner of Paul Pelosi, was vice chairman of the alliance at the time of the donation.
The San Francisco Museum of Modern Art received more than $80,000 from the Pelosi foundation in recent years. Roselyne Swig, a longtime friend and financial backer of the House speaker, is on the museum’s board of directors. The congresswoman has represented a part of San Francisco since 1987.
The Rahm Emanuel and Amy Rule Charitable Trust was formed in 2002, when the Chicago lawmaker was first elected. The former Clinton White House aide and his wife, Amy Rule, are its only donors. Emanuel was an investment banker after serving in the White House.
The trust reported having $2,900 on hand at the end of 2005 after receiving $34,000 from Emanuel and donating more than $31,000.
During the past three years, Emanuel’s charity gave nearly $25,000 to the Anshe Emet synagogue and school in Chicago, and $15,000 to the foundation run by former president Bill Clinton. It also gave $14,000 to Marwen, a Chicago charity that provides art classes and other educational help to low-income children. Rule is on Marwen’s board.
The Evan and Susan Bayh Foundation, also formed in 2002, reported having $663,000 in assets at the end of 2005. It gave $55,000 in 2004 and 2005 to a charity that provides direct financial assistance to Indiana National Guard members and their families.
Nearly all of the foundation’s funding came from money left over from Bayh’s gubernatorial campaigns. Bayh served two terms as Indiana governor, leaving office in 1997. State law allows candidates to transfer campaign funds to charities.
Bayh doesn’t plan to raise any more money for the foundation, said Meghan Keck, his spokeswoman.
Posted 1/28/2007 10:15 PM ET
Obama Paid 2% to charities..