Koch Brothers Pour More Cash Into Think Tanks, ALEC
Four foundations run by billionaire industrialists Charles and David Koch hold a combined $310 million in assets according to tax filings obtained by the Center for Public Integrity.
The documents also show that the brothers, principal owners of the second-largest privately held company in the United States, combined in 2011 to donate $24 million through those foundations with much of the money going to support free-market and libertarian think tanks and academic centers.
A $4.5 million grant to the George Mason University Foundation makes up nearly 15 percent of the university foundation’s revenue for 2011. The school is the largest recipient of Koch foundation money since 1985, and it houses several free-market and libertarian research centers including the Institute for Humane Studies, which received $3.7 million from the Koch foundations.
The D.C.-based American Legislative Exchange Council received $150,000 to help finance its activities, including meetings where corporate representatives draft model legislation with state legislators. The Koch brothers have decades-long connections with ALEC, which gave the brothers the Adam Smith Free Enterprise Award in 1994.
Two of the Koch-run foundations are among dozens of conservative endowments that give money to Donors Trust, a charitable vehicle that has passed $400 million in anonymous grants to “liberty-minded” think tanks in the last decade.
Other think tanks that received Koch foundation grants in 2011:
- The Bill of Rights Institute: $350,000
- The Federalist Society: $260,000
- The Jack Miller Center: $250,000
- American Enterprise Institute: $200,000
- Manhattan Institute: $200,000
- Pacific Research Institute: $100,000
- Ayn Rand Institute: $50,000
- Heartland Institute: $25,000
The above grants came from foundations run by Charles Koch. His brother David’s foundation focused all of its $10 million grant giving in 2011 to the renovation of a theater in New York City.
The Koch brothers' complete Internal Revenue Service Form 990 tax filings for 2011, which were not publicly available before now, may be viewed here:
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5 comments on "Koch Brothers Pour More Cash Into Think Tanks, ALEC"
February 02, 2013 7:40pm
But look at what big teeth. they have.
February 02, 2013 11:12am
The Kochs must be vying for the title of The World's Most Evil Bastards. They're neck and neck with Caligula now.
February 02, 2013 11:10am
Helping other people is contrary to their character, training, upbringing, and probably genes. I doubt that has ever occurred to them.
I hope they find out sooner than before they die that they can no longer get special favors, tax breaks, subsidies, and the like.
I like to watch NOVA but I cringe everytime I see that David Koch is a financier of the program.
February 02, 2013 11:10am
Helping other people is contrary to their character, training, upbringing, and probably genes. I doubt that has ever occurred to them.
I hope they find out sooner than before they die that they can no longer get special favors, tax breaks, subsidies, and the like.
I like to watch NOVA but I cringe everytime I see that David Koch is a financier of the program.
February 02, 2013 10:47am
These two wealthy by inheritance a-holes could accomplish something good by putting the money they are spending into charities to help people. Instead, they are trying to corner as much power over the common folk as possible. They have enough money. It's the overall power that is eluding their grasp. Won't they be surprised when they die and find that their money doesn't help them get special treatment or favors.