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16%  
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  • CA: Meg Whitman's charitable foundation's biggest benefactor was environmental group (EDF)

    11/07/2009 9:40:30 AM PST · by NormsRevenge · 14 replies · 663+ views
    Mercury News ^ | 11/7/09 | Ken McLaughlin
    Billionaire gubernatorial hopeful Meg Whitman gave away just $125,000 of her charitable foundation's $46 million in assets in its first year of operation — and tax records show the bulk of the money went to a surprising place. The Griffith R. Harsh IV and Margaret C. Whitman Charitable Foundation in 2007 contributed $100,000 to the Environmental Defense Fund, which is now at odds with Whitman over water policy. The foundation also invested $3 million in hedge funds based in the Cayman Islands — a Caribbean tax haven that's been the subject of political controversy. ... But it's the $100,000 to...