wellspring philanthropic fund grants

The TGS-linked funding pool is concentrated in one tributary in particular: the Wellspring Philanthropic Fund, which paid out an impressive $1.1 billion in grants between 2001 and 2017 (the latest available filing). Grant Information Last Updated: Shechtel, on the other hand, is a frequent donor to Republicans, giving $2,500 to the campaign of Texas Sen. Ted Cruz (R) in the 2018 midterm. Ludwig is. Its worth noting that Thorp was not among those indicted; he continues to run a hedge fund company in Newport Beach, California. A Kentucky native, Will brings almost 15 years of experience in advocacy, organizing, fundraising and grantmaking designed to increase . CSME Action, the group's lobbying arm, is a project of the . Copyright 2022 Capital Research Center. . For reference, assets of $13 billion made the TGS-linked pool the 4th-largest charity in America, bigger than the Ford, Gates, and Getty Foundations. After graduating, Gelbaum joined Thorps new hedge fund along with two more future Wellspring founders: Andrew Shechtel and C. Frederick Taylor (often called simply Frederick). The foundation was formed in 1999 in Roseland, New Jersey, making it one of the older TGS-spawned groups. In contrast to the high-risk-high-reward choices presented by other investment options, hedge funds are typically meant to generate a consistent return on investment regardless of what the market doeshence their name (hedging refers to reducing risk). We look forward to keeping you informed. With offices in Washington, D.C. and New York City, Wellspring's work is rooted in respect for the dignity and worth of every human being and is informed by the following beliefs: Join Now This website uses cookies to improve functionality and performance. Sign up Visit 55 Exchange Place Suite 401 New York, New York 10005 646-392-9877 info@abfe.org Contact Us Explore Conference The groups foundershedge fund managers Andrew Schechtel, C. Frederick Taylor, and the late David Gelbaumhave moved close to $1.8 billion through Wellspring since its founding in 2001. Unlock access to insights, resources, our CONNECT community, and more. This version of HCAN is actually a zombie version of the original group, which went out of existence after President Barack Obama signed his signature health care bill. Donate today to assist in promoting the principles of individual liberty in America. Foundation funding in support of global human rights initiatives totaled $4.1 billion in 2019, up from $3.7 billion the previous year, a report from Candid and the Human Rights Funders Network finds.. Its an elaborate scheme designed to obscure the donors identities from public scrutinysomething the IRS requires of foundationsas well as which politically active groups Wellspring supports. Wellspring Philanthropic Fund est agora contratando para a vaga de Grants Management Associate em Washington. Service. We support the principles of individual liberty, a free market economy and limited constitutional government: These are the cornerstones of American society. Powered by . Wellspring Advisors is a for-profit limited liability corporation (LLC) created to manage Wellspring Philanthropic Fund, a major center-left funding nonprofit. Its a reasonable assumption that these five companies are shell corporations created to mask the identities of Wellsprings true contributorsShechtel, Taylor, and Gelbaumsince the companies were formed in Roseland around the same time as Wellspring itself. Wellspring Philanthropic Fund 8 years 9 months Director of Grants Management Apr 2018 - Present4 years 6 months Washington, D.C. A later report adds that the charges were ultimately dropped. Home About. WELLSPRING PHILANTHROPIC FUND is a trademark owned by Wellspring Advisors, LLC and filed on Monday, June 13, 2016 in the Insurance & Financial Services category. Staffing Agency 25%. New York City Metropolitan Area. Wellspring Philanthropic: An Ocean of Dark Money on the Left (full series), From the Fountainhead | The Heart of Dark Money Grants Management Associate. We discovered the groups influence in Louisiana, where it solicited at least 13 parishes with offers of CTCL money, acting as a mediator for a billionaire-backed group intent on privately funding elections. Independent foundation EIN 223692921 Location 10 Times Sq., 1441 Broadway New York City, NY United States 10018 Contact Information Telephone: 2126092622 URL: wpfund.org 90% of Foundations don't have websites. 10 Times Square, Suite 1600 . We accept gifts, grants and sponsorships from individuals, corporations, organizations and foundations to help with our general operations, editorial beats and special projects. We design and administer strategic programs of giving that are tailored to our clients' philanthropic passions. RFPs Grants for Wellspring Philanthropic Fund, Inc. n/a News & Publications for Wellspring Philanthropic Fund, Inc. bit.ly/3zckA7E, About 2 weeks ago from PEAK Grantmaking's Twitter via Twitter Web App. Altogether he reportedly donated $250 million to environmentalist causes, particularly to purchase huge tracts of land in the West which were then given over to the federal government (Gelbaum lives in California). peakgrantmaking.org/journal/p, . It then traced over $100 million in grants from the funding web to Jewish groups. Little is known about TGS. The Center for Secure and Modern Elections (CSME) is a left-of-center advocacy organization created as a project of the New Venture Fund, a leading "dark money" pass-through funder and fiscal sponsor, to promote sweeping changes to the elections process, including state laws that automatically register voters at state agencies. That's by design. Ludwig is. Wellspring Philanthropic Fund is a private grantmaking foundation dedicated to advancing the realization of human rights and social and economic justice for all people. Top Posts & Pages Ana Morales: Building on her Family Legacy with Philanthropy in Mexico An Intersectional Ecofeminist Approach: Rachel's Network 26may2:00 PM 3:30 PM Grants and Partnerships in Bi+ Organizing: Why, How, and When Concurrent Session 2:00 . About us. Open Society Foundations, Foundation for a Just Society, Wellspring Philanthropic Fund and the William and Flora Hewlett Foundation Create Group Initiative to Support Women's Funds. Access lists of funders based on detailed search criteria and other features such as: Copyright 2022 Candid. Almost no information about these LLCs is publicly available. In the first 18 years of its existence, Wellspring exclusively used DAFs to funnel almost $1.1 billion into the nonprofit spheremoney which, because it was channeled via donor-advised funds, can never be traced from Wellspring to its ultimate destination. The Center for Secure and Modern Elections received $1 million from Wellspring to advocate for sweeping changes to U.S. election law, including automatic voter registration, expanding mail-in voting, and looser penalties for falsifying voter registration applications. Experience. At Wellspring Foundation, we believe that philanthropy is an opportunity to invest financial resources back into society to build the social, spiritual, and material wealth that can help better the lives of others. As a program officer with The Pinkerton Foundation, Danielle manages grants for literacy, sports, and arts programs for young people and serves as a . Nevertheless, much remains unknown about the three men. While it is understood that no single candidate will offer every desired attribute and competency, the following is a . Arnold P. Gold Foundation. But in 2014, Bloomberg Businessweek traced hundreds of millions of dollars in donations to medical research to a pool of $9.7 billion held in two trustsboth established on the same day in 2002 by TGS founders Taylor, Gelbaum, and Shechtel. Credit: Investors Archive. Wellspring Advisors is delighted to announce that effective Monday, June 12th, 2017, William Cordery will join our organization as a Program Officer with the Racial Justice Program based in the New York office. Created with Sketch. These grants are the tip of the iceberg for a group that routinely donates hundreds of millions of dollars to activists, think tanks, and lobbying groups. Most such groups are 501(c)(3) or 501(c)(4) nonprofits funded by other nonprofits and go to great lengths to cloak their funding and spending using "pass-through" vehicles, donor-advised funds, and fiscal sponsorship. Wellspring Philanthropic Fund believes we are strengthened by the diversity of our staff, and welcomes such diversity including race, gender identity or expression, educational attainment, . Background Wellspring Philanthropic Fund is a private grantmaking foundation dedicated to the advancement of social justice, including gender, racial and economic justice. Capital Research Center (CRC) was established in 1984 to promote a better understanding of charity and philanthropy. Considering the overtly political groups it supported in 2017, though, a skeptic might not be convinced. Princeton-Newport Partners was founded in 1969 by mathematics genius Edward Ed Thorp, best known for developing sophisticated card-counting gambling techniques using probability theorya skill he put to use in the stock market. Losing the Latino Voters: Episode 1 of Showtimes. In the next installment of Wellspring Philanthropic, find about the funding flows from various entities connected to Wellspring. Dark Money and the Battle Against Christian Homeschooling, Biden and Activist Allies Push Taxpayer-Funded Voter Registration on College Campuses, Eyes off the Prize: Episode 2 of Showtimes, Big Green in the White Houseand the States, Center for Secure and Modern Elections (CSME), Center for Technology and Civic Life (CTCL). 6 Wellspring Philanthropic Fund reviews. Our services include donor education and strategic visioning; identification and presentation of appropriate funding opportunities; grants administration, and . providing grants to organizations that support and promote human rights and social and economic justice General Information. Theyre directed to send the funds in a grant to one of the companys four in-house, tax-exempt nonprofitswhat we call the sistersto buy slick advertisements, websites, and pop-up lobbying campaigns that cannot be traced back to the original donor. Redistricting is a critical step for determining party advantage for the next decade. Gelbaum was a major donor to the Sierra Club in the 1990s and early 2000s, gifting more than $100 million to the environmental activist group, according to a 2004 article in the Los Angeles Times. Start with a complimentary Individual Membership and gain access to insights, tools and resources, plus our online community forum. Shortly after Princeton-Newport Partners was liquidated, however, the three founded a secretive successor in New Jersey in 1989: TGS Management, apparently an acronym pulled from their names. Our work is rooted in respect for the dignity and worth of every . . In the next installment of Wellspring Philanthropic, learn more about Wellspring Adivsors, the networks brain trust. Recruiter 25%. But Arabella revived HCAN in recent years to attack the 2017 tax cuts bill and promote Medicare for All, moving the country closer to a single-payer health care system. Wellspring's work is rooted in respect for the dignity and worth of every human being and is informed by the . The story was picked up by the Algemeiner, a Jewish newspaper, which noted that some of these vehicles have Hebrew or Israel-related names, such as the LLC Shekel Funding. Donor-advised funds have been criticizedparticularly by those on the Leftas the black boxes of philanthropy.. Wellspring Philanthropic Fund, Inc. He later worked on Wall Street and joined Thorps hedge fund in Princeton in the 1980snot long before the company found itself under federal investigation. Funds are also directed towards summer learning opportunities at our local community colleges, universities, and businesses, enhancing . effectiveness of programs that receive foundation grants. Using a sophisticated network of for-profits, shell corporations, and consultancies, Wellspring has poured out an incredible $1.1 billion into nonprofits, most of which is hidden from prying eyes in donor-advised funds. Wellspring Philanthropic Fund. For 34 years Wellspring has focused on helping families on Boston's North Shore move out of poverty toward economic self-sufficiency. That's one of the largest pools of philanthropic funding in the U.S., bigger than the Carnegie and Rockefeller foundations combined. The nonprofit's annual budget increased to $3.2 million in 2020. Follow along as @SatonyaFair and Journal guest editors Melanie Matthews & Shantelice White explore how you can champion a learning culture within your organization and across the field. Losing the Latino Voters: Episode 1 of Showtimes. According to the Algemeiner, Gelbaum and Shechtel are Jewish (Taylors religion is unclear). (Fidelity is the largest DAF provider in the country. Sign up to find emails for Wellspring Philanthropic Fund employees and top management. The Wellspring Philanthropic Fund, formerly known as the Matan B'Seter Foundation, was created in 2001 as part of an elaborate and secretive network of grantmaking organizations funded by three hedge fund billionaires: Andrew Jay Shechtel, David Gelbaum, and C. Frederick Taylor. The Funders Committee is a donors' roundtable for major left-wing funders interested in voter engagement and . With offices in Washington, DC and New York, NY, Wellspring's work is rooted in respect for the dignity and worth of every human being and is informed by the following beliefs: Notables include the New Venture Fund, flagship of the pop-up group empire run by the for-profit firm Arabella Advisors; the dark money pass-through group NEO Philanthropy; Planned Parenthood; the Tides Foundation and Tides Center, famous for incubating new radical activist groups; the Population Council, which pushes for global population control policies; Citizens for Responsibility and Ethics in Washington (CREW), an anti-Republican attack group; and MomsRising, a major gun control lobby. Wellspring's work is rooted in respect for the dignity and worth of every human being and is informed by the following beliefs: Questions and . CRC respects confidentiality and will not share your e-mail address. PEAKs member community conversation on emergent learning is starting up! The Funders Committee for Civic Participation is a project of NEO Philanthropy, a left-of-center pass-through funding organization. Candidate Profile and Responsibilities education news florida david carson interview bishopsgate liverpool street wellspring philanthropic fund grantees Wellspring Philanthropic Fund supports the realization of human rights and social and economic justice for all people. We support the principles of individual liberty, a free market economy and limited constitutional government: These are the cornerstones of American society. He is also a columnist at the Washington Free Beacon and writes regularly for the American Conservative. New York, NY 10018. Irs nonprofit filings for 2008, 2013, and 1 of Showtimes //capitalresearch.org/article/wellspring-part-2/ '' > Four foundations. Skeptic might not be convinced Civic Participation is a private grantmaking foundation dedicated to advancing the realization of rights. 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Party advantage for the American Conservative to final disbursement fast-track your prospect Research with a complimentary individual,