Sunday, October 04, 2009

Washington Post article on ACORN's loss of foundation funding omits Forest City Ratner bailout

The Washington Post reports, in an article headlined ACORN Losing Funding From Big Foundations:
The liberal political organizing group ACORN, battered by the release of embarrassing videos and allegations of financial mismanagement and fraud, has also been losing support from several major foundations.

The Ford Foundation, the Annie E. Casey Foundation, the Charles Stewart Mott Foundation, the Marguerite Casey Foundation and Bank of America have stopped funding the group and its affiliates over the past year and a half.

Who's made up the slack?

While not trying to be comprehensive, the Post cites two funders still on board:
One local group said it has no plans to change the terms of a $50,000 grant awarded this summer. The Collaborative for Education Organizing, part of the Community Foundation for the National Capital Region, sponsored a project aimed at organizing parents of District public high school students to advocate for change in the classroom.

...All of their funders are concerned, Kettenring said, but some have responded by continuing, or even increasing, their support. They include the Needmor Fund, a family foundation based in Toledo that gave about $150,000 a year to local organizations affiliated with ACORN.

Missing: a $500,000 grant and $1 million loan from Forest City Ratner.

No comments:

Post a Comment