Soros has donated at least $3.5 million to an organization called the Tides Center in recent years, earmarking the funds for specific purposes. Tides has given grants to Adbusters, an anti-capitalist group in Canada whose inventive marketing campaign sparked the first demonstrations last month.
Vachon said Open Society specified what its donations could be used for. He said they were not general purpose funds to be used at the discretion of Tides -- for example for grants to Adbusters. "Our grants to Tides were for other purposes."
Tides declined to comment.
According to IRS disclosure documents from 2007-2009, the latest data available, Soros' Open Society gave grants of $3.5 million to Tides, a San Francisco-based group that acts almost like a clearing house for other donors, directing their contributions to liberal non-profit groups. Among others the Tides Center has partnered with are the Ford Foundation and the Gates Foundation.
IRS disclosure documents and reports from Tides also show that Tides gave Adbusters grants of $185,000 from 2001-2010, including nearly $26,000 between 2007-2009.
Article.
Radical anti-American billionaire George Soros is a major backer of a left-wing group that is funneling money to the Occupy Wall Street movement.
The nonprofit organization at the receiving end of Soros’ largesse, Alliance for Global Justice, is managing donations benefiting the communists, socialists, anarchists and hippies now occupying Zuccotti Park in lower Manhattan. As of Oct. 19, OWS had taken in a grand total of $435,000 from all sources, including donations made by individuals online and in person, according to reports.
It should surprise no one that Soros (net worth: $22 billion), the ultimate Wall Street insider and preeminent funder of the activist Left today, embraces Occupy Wall Street.
Article.
Now they are fighting over how the funding should be spent, and who should get it. I'm guess the group will end up eating itself and imploding soon.
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