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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsPrivate foundation The Jesus fund super PAC gave 93% of its donations to secret entities
Huckabee super donors Jesus Fund keeps recipients of $26 million secretThe Arkansas man who dropped $3 million into the super PAC supporting Mike Huckabees bid for the Republican presidential nomination for years handed out millions of dollars to a secret list of public charities through a pass-through private foundation called The Jesus Fund, tax forms filed by the foundation show. The Funds activity may violate federal tax law, according to an expert who reviewed the forms for OpenSecrets Blog.
From 2006 until 2013, Ronald Cameron, CEO of the poultry company Mountaire Corp., used The Jesus Fund to funnel at least $26.2 million to various public charities without disclosing exactly which organizations received the funds, contrary to legal requirements.
OpenSecrets Blog examined six years of tax forms submitted to the Internal Revenue Service.
Both Cameron and Mountaire gave to the entity, which had $43.5 million in assets by the end of 2013. In the six years, the Jesus Fund received $15.25 million from Mountaire and more than $10 million from Cameron himself, according to the documents. The Fund paid some fees and tax expenses, but the contributions to mystery organizations made up more than 92 percent of the Funds total disbursements.
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Private foundation The Jesus fund super PAC gave 93% of its donations to secret entities (Original Post)
Maraya1969
Nov 2015
OP
hunter
(38,325 posts)1. We should probably be thankful most of them are grifters.
But no, horrors, I don't ever want to see what goes on when they get naked.
KamaAina
(78,249 posts)2. Federal tax law?
What makes anyone think federal tax law applies to something called the Jesus Fund?
joeybee12
(56,177 posts)3. I'm betting most went to organizations that were not at all charitable...
probably not even registered as charities.
NuclearDem
(16,184 posts)4. I believe we have a statement from the founder:
hifiguy
(33,688 posts)5. The mere fact that there is something called "The Jesus Fund"
and that it is allowed to be involved in electoral politics summarizes in one sentence so much of what is wrong with this country.