Tax the Foundations – It’s Where the REAL $$$ Is

The first thing zillionaires do is create tax-exempt foundations and pour all their money into them.  They have total control of their money through their foundations and side-step the IRS.

All it would take is one little tweak to the tax code.  Who has the courage to take the Big Boys on?

Rank

Name/(state)

Assets

As of
Fiscal Year
End Date

1. Bill & Melinda Gates Foundation (WA) $37,430,150,458 12/31/2010
2. Ford Foundation (NY) 10,498,932,621 09/30/2011
3. J. Paul Getty Trust (CA) 10,483,398,708 06/30/2011
4. The Robert Wood Johnson Foundation (NJ) 9,199,687,456 12/31/2010
5. W. K. Kellogg Foundation (MI) 7,696,627,040 08/31/2011
6. The William and Flora Hewlett Foundation (CA) 7,377,220,546 12/31/2010
7. The David and Lucile Packard Foundation (CA) 6,100,637,478 12/31/2010
8. The John D. and Catherine T. MacArthur Foundation (IL) 5,737,270,334 12/31/2010
9. Gordon and Betty Moore Foundation (CA) 5,585,288,763 12/31/2010
10. The Andrew W. Mellon Foundation (NY) 5,490,877,291 12/31/2010
11. Lilly Endowment Inc. (IN) 5,184,625,647 12/31/2010
12. The Leona M. and Harry B. Helmsley Charitable Trust (NY) 4,143,880,203 03/31/2011
13. Tulsa Community Foundation (OK) 4,022,451,000 12/31/2010
14. The William Penn Foundation (PA) 3,987,087,217 12/31/2010
15. The California Endowment (CA) 3,745,324,056 03/31/2011
16. The Rockefeller Foundation (NY) 3,593,289,629 12/31/2010
17. The Kresge Foundation (MI) 3,276,968,952 12/31/2010
18. The Duke Endowment (NC) 2,837,905,170 12/31/2011
19. Foundation to Promote Open Society (NY) 2,817,446,416 12/31/2010
20. The Annie E. Casey Foundation (MD) 2,797,729,748 12/31/2010
21. Robert W. Woodruff Foundation, Inc. (GA) 2,795,111,909 12/31/2011
22. The Bloomberg Family Foundation, Inc. (NY) 2,734,103,737 12/31/2010
23. The Susan Thompson Buffett Foundation (NE) 2,584,393,426 12/31/2010
24. Carnegie Corporation of New York (NY) 2,548,230,211 09/30/2011
25. Conrad N. Hilton Foundation (CA) 2,140,385,894 12/31/2010
26. Charles Stewart Mott Foundation (MI) 2,130,000,000 12/31/2011
27. Silicon Valley Community Foundation (CA) 2,081,920,000 12/31/2011
28. The Harry and Jeanette Weinberg Foundation, Inc. (MD) 2,072,697,349 02/28/2011
29. Kimbell Art Foundation (TX) 2,059,995,937 12/31/2010
30. John S. and James L. Knight Foundation (FL) 2,036,153,513 12/31/2011
31. Richard King Mellon Foundation (PA) 2,018,377,846 12/31/2010
32. The McKnight Foundation (MN) 1,982,175,000 12/31/2011
33. Margaret A. Cargill Foundation (MN) 1,968,309,988 12/31/2010
34. John Templeton Foundation (PA) 1,939,387,570 12/31/2010
35. Casey Family Programs (WA) 1,935,207,121 12/31/2009
36. The New York Community Trust (NY) 1,908,884,580 12/31/2011
37. Ewing Marion Kauffman Foundation (MO) 1,881,375,000 12/31/2010
38. The Simons Foundation (NY) 1,862,188,781 12/31/2010
39. The Cleveland Foundation (OH) 1,816,947,057 12/31/2011
40. Annenberg Foundation (CA) 1,720,105,771 06/30/2011
41. Doris Duke Charitable Foundation (NY) 1,716,471,991 12/31/2010
42. Eli & Edythe Broad Foundation (CA) 1,689,096,798 12/31/2010
43. Alfred P. Sloan Foundation (NY) 1,653,512,812 12/31/2011
44. The Chicago Community Trust (IL) 1,595,765,501 09/30/2010
45. The James Irvine Foundation (CA) 1,589,353,533 12/31/2010
46. Houston Endowment Inc. (TX) 1,527,022,391 12/31/2010
47. The Heinz Endowments (PA) 1,470,209,104 12/31/2010
48. The Wallace Foundation (NY) 1,410,919,607 12/31/2010
49. The Starr Foundation (NY) 1,342,712,927 12/31/2010
50. Walton Family Foundation, Inc. (AR) 1,282,168,113 12/31/2010
51. California Community Foundation (CA) 1,242,402,000 06/30/2011
52. Daniels Fund (CO) 1,207,849,555 12/31/2011
53. Marin Community Foundation (CA) 1,207,464,129 06/30/2011
54. Greater Kansas City Community Foundation (MO) 1,189,480,459 12/31/2010
55. The Moody Foundation (TX) 1,175,095,528 12/31/2010
56. Lumina Foundation (IN) 1,156,840,104 12/31/2010
57. Open Society Institute (NY) 1,141,004,097 12/31/2010
58. Barr Foundation (MA) 1,134,513,133 12/31/2010
59. The Anschutz Foundation (CO) 1,133,090,471 11/30/2010
60. The Brown Foundation, Inc. (TX) 1,115,833,756 06/30/2011
61. The San Francisco Foundation (CA) 1,101,069,000 06/30/2011
62. The Samuel Roberts Noble Foundation, Inc. (OK) 1,096,656,796 12/31/2011
63. The Columbus Foundation and Affiliated Organizations (OH) 1,061,039,486 12/31/2010
64. The Oregon Community Foundation (OR) 1,040,106,343 12/31/2009
65. W. M. Keck Foundation (CA) 1,022,800,000 12/31/2011
66. Bat Hanadiv Foundation No. 3 (NY) 953,358,565 12/31/2010
67. The Ahmanson Foundation (CA) 938,736,097 10/31/2011
68. The Michael and Susan Dell Foundation (TX) 934,701,114 12/31/2010
69. Robertson Foundation (NY) 874,038,503 11/30/2010
70. Surdna Foundation, Inc. (NY) 867,363,679 06/30/2011
71. The Freedom Forum, Inc. (DC) 867,021,671 12/31/2010
72. Boston Foundation, Inc. (MA) 859,510,000 06/30/2011
73. Druckenmiller Foundation (NY) 852,353,119 11/30/2011
74. Shimon ben Joseph Foundation (CA) 837,220,914 12/31/2010
75. Cummings Foundation (MA) 834,371,069 12/31/2010
76. The Edna McConnell Clark Foundation (NY) 831,854,466 09/30/2011
77. The Pittsburgh Foundation (PA) 821,409,075 12/31/2010
78. Hall Family Foundation (MO) 816,078,893 12/31/2010
79. The Joyce Foundation (IL) 808,480,401 12/31/2010
80. The California Wellness Foundation (CA) 794,337,702 12/31/2011
81. Rockefeller Brothers Fund, Inc. (NY) 789,378,035 12/31/2010
82. M. J. Murdock Charitable Trust (WA) 786,828,151 12/31/2011
83. The Broad Art Foundation (CA) 772,439,657 12/31/2010
84. Communities Foundation of Texas, Inc. (TX) 769,107,000 06/30/2011
85. The J. E. and L. E. Mabee Foundation, Inc. (OK) 768,175,002 08/31/2011
86. Hartford Foundation for Public Giving (CT) 762,222,900 12/31/2010
87. Otto Bremer Foundation (MN) 761,362,288 12/31/2011
88. Engelstad Family Foundation (NV) 758,280,826 12/31/2010
89. The Ford Family Foundation (OR) 745,185,712 12/31/2010
90. Bush Foundation (MN) 740,000,000 12/31/2011
91. The Packard Humanities Institute (CA) 732,975,558 12/31/2010
92. The Community Foundation for Greater Atlanta (GA) 723,793,300 12/31/2011
93. The Meadows Foundation, Inc. (TX) 720,435,662 12/31/2010
94. Weingart Foundation (CA) 718,445,607 06/30/2011
95. The Henry Luce Foundation, Inc. (NY) 713,105,558 12/31/2011
96. Laura and John Arnold Foundation (TX) 711,626,515 12/31/2010
97. Foundation For The Carolinas (NC) 711,620,777 12/31/2009
98. The Saint Paul Foundation (MN) 702,560,293 12/31/2010
99. The Commonwealth Fund (NY) 690,193,069 06/30/2011
100. Jack Kent Cooke Foundation (VA) 680,297,315 05/31/2011

Source: http://foundationcenter.org/findfunders/topfunders/top100assets.html

13 responses to “Tax the Foundations – It’s Where the REAL $$$ Is

  1. So, why not just give ALL the money to the government and see how long it takes to throw that away.
    The thing is these foundations do a hell of a lot more good in the long run than all the government waste and graft the government seems to have.

  2. Yes $200 Billion is a pittance to the 16 Trillion and growing hand over fist deficit. I agree that the big boys do this to avoid taxes, but would not avoid oppressive double and triple taxation on the same income. The problem is the SPENDING and that is where we must attack this socialist despotic monster! Unfettered power comes from spending not taxing at this point.

  3. Shouldn’t these foundations be giving money away? Isn’t that the purpose? Or is it to provide income from these charities to family members? Just wondering.

    • Gates Foundation gives away tons of money. They also pay their staff very well with great benes.

    • The Ford Family Foundation gives full ride scholarships to around 150 people a year for college. They also help fund literally hundreds of rural community projects a year.

  4. Don’t forget the Reece Committee on Tax-Exempt Foundations found the main foundations of the day, still in operation and on the top 100 list, were focused on steering the culture towards an internationalist worldview. The Gates Foundation is very involved in Third World Population Control. Warren Buffet is calling for a big tax hike on the 1%, yet he announced years ago that he’s leaving the bulk of his estate to the Gates Foundation!

    The foundations, especially the Rockefeller – Carnegie-Gates-Soros are funding Agenda 21. Globalism and all the other “isms” undermining the traditional American values we’re fighting to restore.

    The foundations are HUGE and POWERFUL— more powerful than ANYONE in Washington DC. Our elected leaders, from the White House on down are too chicken to take them on. To a large extent, the political class are lackeys doing their bidding.

  5. Surprised to see the Koch Family Foundation is not in the top 100. Probably because it is a number of separate foundations.

  6. “Melinda Gates has budgeted $4.6 BILLION for abortion/population control internationally. She says it’s her “signature issue” for the decade”

    Oh come now. At least try to be honest, a little. Of the $4.6 billion pledge, the Gates Foundation has pledged $560 million for contraception. Not “abortion” and not “population control” beyond contraceptive measures.

    • I suggest you should “at least try to be a honest, a little.”

      In May, 2012, nominal Catholic Melinda Gates told Newsweek magazine that she intends to spend billions of dollars on a global campaign to promote the use of artificial birth control, and highlights a type of contraception that causes abortions. “Gates specifically names Depo-Provera, a hormonal contraceptive that causes abortions by preventing implantation of the newly-conceived human life in the uterine wall. Several studies have linked the controversial drug with bone loss (osteoporosis), which has earned it a “black box” warning from the FDA. Studies have also linked Depo-Provera with increased risk of blood clots, breast cancer, cervical cancer, increased herpes susceptibility, memory loss, and other disorders.”

      Source: http://www.lifesitenews.com/news/catholic-melinda-gates-announces-multi-billion-dollar-global-contraceptive

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