Helen Flannery
@HelenofIPS
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Researcher on U.S. philanthropy & inequality for the Institute for Policy Studies. Mostly only posting now on https://t.co/8v41fGS5aq.
Joined March 2022
You want to make dark money darker? Schwab is in the game. How One Donor-Advised Fund Helps Leonard Leo Weaponize Philanthropy - via @inequalityorg
https://t.co/Oo11t5PIKQ
@birnbaum_e @HeidiReports @kenvogel @Fahrenthold @duboo @andrewperezdc
inequality.org
Donor-advised fund giant Schwab Charitable plays a pivotal role in Leonard Leo’s weaponized funding schemes.
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This is a great new piece by my colleague @DanPetegorsky. Conservative dark money kingpin Leonard Leo is "weaponizing" U.S. philanthropy to achieve his goals, and Schwab Charitable helps by laundering the money stream. #DAFs #DarkMoney @IPS_DC
You want to make dark money darker? Schwab is in the game. How One Donor-Advised Fund Helps Leonard Leo Weaponize Philanthropy - via @inequalityorg
https://t.co/Oo11t5PIKQ
@birnbaum_e @HeidiReports @kenvogel @Fahrenthold @duboo @andrewperezdc
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Welcome to the world of Fossil Fuel Philanthropy! Where donors pour hundreds of millions in taxpayer-subsidized dollars into US nonprofits to spread #climate disinformation. @inequalityorg @bdevaan @Chuck99to1 @IPS_DC
NEW: Billionaires invested in fossil fuels are quietly funding groups actively spreading climate misinformation — and getting massive tax breaks for doing so. It's time to end this abuse of philanthropy. REPORT: https://t.co/ic8lMQGe4B
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Billionaires aren’t only avoiding fair taxes by tipping elections — they’re weakening enforcement by watering down tax policies and underfunding the IRS. The sooner we tax them, the sooner we can break this cycle. @AZBobLord in @inequalityorg:
inequality.org
From every angle, the richest among us continue to control our U.S. tax policy.
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Wall Street is warping charity into dark-money funds. This distorts philanthropy itself, says IPS scholar @HelenofIPS. “The reason we have agreed to give tax deductions for charitable giving is because, in exchange, that money is supposed to be used for a common public benefit.”
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Donor-advised funds are channeling significant $ to Heritage/Project 2025. Why? "Appealing design for those wishing to avoid public scrutiny." @ktyschwnk, Helen Santoro, & @freddy_brewster @LeverNews ft. @HelenofIPS, @Al_Cantor, @CountingCharity, & me: https://t.co/ubxKOkeyKT
levernews.com
Financial giants are helping wealthy donors funnel cash to Project 2025 and other extremist causes with zero transparency or tax repercussions.
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Proud to have my study with @CountingCharity cited in this @LeverNews story about how Wall Street helped fund Project 2025...through charitable giving.
How Big Donors hide their fingerprints: New Report says Wall Street Helped Fund Project 2025
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Billionaires are molding philanthropy into a web of private donor-advised funds — eating into the revenue that working nonprofits rely on. “This sort of transfer shouldn’t count as charity,” says @HelenofIPS. New from @michaelkavate in @InsidePhilanthr: https://t.co/yh4TbaohhC
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Who are the Black Box Billionaires? Discover America's most secretive mega-donors and their impact on philanthropy. @michaelkavate reports: https://t.co/iKGFyOchI3 Tagging @HelenofIPS @IPS_DC
#MegaDonors #AnonymousGiving #SocialImpact #BlackBoxBillionaires
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How Big Donors hide their fingerprints: New Report says Wall Street Helped Fund Project 2025
levernews.com
Financial giants are helping wealthy donors funnel cash to Project 2025 and other extremist causes with zero transparency or tax repercussions.
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Earlier this year a wave of articles claimed that Millennials are actually the wealthiest generation. That's only true if you ignore that just a few 30 somethings are hoarding almost all of that wealth.
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Looking forward to testifying next week before @SenateBudget with @JosephEStiglitz on the topic of: "Making Wall Street Pay Its Fair Share: Raising Revenue, Strengthening Our Economy" Details:
budget.senate.gov
The Official U.S. Senate Committee On The Budget
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Are Donor-Advised Funds Facilitating Anonymous Giving To Politically Engaged Charities? https://t.co/0tHrifuJaX by @HelenofIPS (@IPS_DC) & Brian Mittendorf (@OhioState)
networksolutions.com
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It’s time to move billions out of DAFs into the hands of many people who need it. The IPS @inequalityorg team has found a number of changes we can advocate for. Join in, urges @HelenofIPS, whether you have a DAF or not:
inequality.org
The three highest-earning DAF sponsors each take in more than double the donations of the highest-earning operating charity.
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Donor-advised funds, an increasingly popular philanthropic vehicle among the ultra-wealthy, have no requirement to move funds to actual charities in a timely way. They now make up ten of the U.S.'s top 20 public charities. @HelenofIPS in @inequalityorg:
inequality.org
The three highest-earning DAF sponsors each take in more than double the donations of the highest-earning operating charity.
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Private jet travel may be the single most carbon-intensive form of travel. Developers claim they can curb this — by building MORE private jet hangars. This blatant greenwashing is a danger to our climate. @Chuck99to1 of @inequalityorg in @bostonherald:
bostonherald.com
Developers are claiming that doubling private jet capacity at Hanscom will reduce private flights — and their carbon footprint. If you think that sounds like magical thinking, you’re right.
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New report by my colleagues @ArepasYLibertad and @Chuck99to1 at @IPS_DC shows how the jet industry uses claims about Sustainable Aviation Fuel to quash concerns about emissions. "Any new moves to subsidize private jet travel on a warming planet would be absolutely indefensible."
New report confirms it: magic doesn't exist 🦄🙃 Hopes that so-called sustainable aviation fuels will cut emissions are misguided #greenwashing and support for them could even worsen the climate crisis. 1/ https://t.co/nnX9UaLm1a
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New report confirms it: magic doesn't exist 🦄🙃 Hopes that so-called sustainable aviation fuels will cut emissions are misguided #greenwashing and support for them could even worsen the climate crisis. 1/ https://t.co/nnX9UaLm1a
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New report by my colleagues at @IPS_DC shows how the jet industry is using claims about Sustainable Aviation Fuel to quash concerns about emissions. "Any new moves to subsidize private jet travel on a warming planet would be absolutely indefensible." https://t.co/0lCyWMm5OU
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