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Archive for January 5th, 2017

BASSC (1987), CalSWEC(1990), PCWTA (1996), CFPIC(2003)…How Many Acronyms, and Foundations (Zellerbach Family, Ford, et al.) in this Global Child Welfare Village, and why did the California Components of the CalSWEC Public/Private Partnership draw its Core Curriculum Competency Model from a funky and not-quite-honestly-reporting (1979-formed) trio of Ohio nonprofits?

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A preview, now titled:  “Preview Bordered Blue:  The Philadelphia Connection” (there is one…) was split off from this post, and when published, that link will lead to it. The “bordered blue” was just a way of distinguishing the preview from the post I’d already written, which is as you can see bordered in black.

It is self-explanatory, jammed with relevant information, and again, I hope it inspires people to start cracking the books, and if appropriate, “the whip” on the coordinated tax-exempt foundations of at least $1B assets or more, and figure out what their real and collective agenda is — just in case there might be some belated objections to it  or to the practices of simply dispersing so much influence on government over so many grantees.

(The $6.4B Assets John T. and Catherine D. MacArthur Foundation – aligned in basic purposes with Casey Family Programs ($2.2B) which comes up here — in year 2014 distributed $191 MILLION in grants which, however, was just a fraction of the foundation’s revenues (mostly from investments that year.  This was  a mixture of domestic and international, with a major infusion of grants to universities around the countries, and the world.  Check out their tax return for yourself!).

Are You Keeping Your Eyes on the Real Prizes behind Coordinated Global Philanthropy?

Can you even track public funding of public AND private universities, or the USA federal entities with which some of these larger foundations collaborates?

It’s well said, “Keep Your Eyes on the Prize.”  Let’s see who prizes WHAT by looking beyond the public relations (paid-for), promotions (paid-for) and enthusiastic agreement at the university and government levels (scroll through just ONE year of those grants, and see who’s being paid, nicely, to agree with this organization…

Especially for private (990PF-filing) tax-exempt foundations, who judging by their websites would rather we keep our eyes on their charitable motivations and disbursements, we would do well to keep our eyes on their assets (where invested and who paid to do it) which tell us, relative to the disbursements involved, where their real treasures lie — and where the “heart” of the organization actually is. ONE of their prizes is paying less tax on all that wealth.  Another — in this case — is clearly sponsoring international development and paying internationally-based investment advisors big bucks to, well, “diversify” offshores.

The View from the Organization’s Website

(The top and, three “page-downs” later, bottom):

screen-shot-2017-01-05-at-8-19-39-pm

Look at image below (again, several “PageDowns” were necessary to get that far down, with large font and pictures hopefully? distracting all but the most determined from ever getting that far.)  Once down there — look at the tiny print beneath the details of providing a more just, verdant and peaceful world….with social media links above and below.

screen-shot-2017-01-05-at-8-20-07-pm

I dare anyone to locate where “Annual Reports” “Financials” or even “History” are (above image) with the naked eye — but could you not easily read “Chicago” (its hometown), Just, Verdant, and Peaceful on same sized image above this one? (I grabbed about the same amount of visible website from each).

MacArthur Foundation, home page, $11.6M in New Chicago Investments (again, this all means nothing as to relative size without a look at their financials, including their financials over time).

The investment advisors (while I’m there) like those in Casey Family Programs are quite well paid, there are a LOT of them (Casey listed 26 one year I viewed; MacArthur’s 2014 return listed 72) here, based in a number of different countries, including two in the UK and one in Mauritius, private equity company, with investments focused on India.  For a general idea, that’s Continent of Africa, 787 sq. miles, south of the Equator, population about 1.2M.  Or, check out this map (which also contains some shortlinks to other images and the related tax return):

see-http-tinyurl-comwhere-ismauritius-mapsofworld-annotated-re-macarthur-foundtn-ein-237093598-scrnshot-2017-01-05-at-4-53-pm

Click HERE to read the explanations I added full-sized. These also contain some TINYURL.com links for further elaboration. Map is as I recall © 2012; Worldmaps.com pg. last revised 8/2016

 

ChrysCapital is a private equity and venture capital firm specializing in later stage, management buy-outs or buy-ins, co-investments, public equity, PIPEs, growth capital in private and listed companies, and special situations including carve outs, joint ventures. The firm focuses on the business services; information technology; consumer goods and services; financial services; real estate; healthcare with a focus on pharmaceuticals, medical diagnostics and devices; infrastructure, power, and manufacturing sectors….

[Exact link to the above quote from Bloomberg.com is on the second image, showing Pts. VIII and IX-A of MacArthur Foundation tax return, below.  FYI, the “**” after that shortlink within image are not part of the TINYURL.com link, which doesn’t take special characters.]

http://tinyurl.com/Where-IsMauritius-MapsOfWorld [Open in new window]

 

The organization’s home page (again, the above quote is from Bloomberg.com profile, link shown on the annotated image below) for ChrysCapital.com shows 8 Directors — most chief connections are to the UK or Mauritius, one to France.  True, there are some directors with US college degrees (I saw Pepperdine-Loyola-Georgetown combo, and another, Harvard MBA, Stanford mechanical engineering (and on Stanford Bd of Trustees 1980-1985).  (George McCown — here’s link to private equity firm he co-founded, based in Foster City, CA with only 8 investors: McCown & De Leeuw):

McCown De Leeuw & Co. (MDC) is a private equity investment firm with approximately $1.2 billion of capital under management. With a mission to build companies that make a difference, MDC specializes in buying and building industry-leading middle-market companies in partnership with management.

Most MDC investments generally involve controlling positions in growth-oriented companies with demonstrated earnings.

Since 1984, MDC has completed 38 platform acquisitions, creating companies that today collectively generate in excess of $6 billion in annual sales. The firm currently has 8 investment professionals in its Foster City, California, headquarters. 

mdc-mccown-de-leeuw-co-foster-city-ca-a-corp-not-llc-cal-entity-1250343-logo-page-read-co-2012-in-foster-city-relates-to-dir-of-a-macarthurfndtn-indep-contractor-2014-based-in-mauritius-gClick here to read MDC annotated screenprint (with company descr and Logo) full-sized. (No image posted — click to view==>)mccown-de-leeuw-co-handwritten (looks-like-an-old-person’s)-2006-calif-statemt-of-Info-menlo-park-address CFO & SEC’Y-judith-bornstein

 

Here’s one profile of a Director of the ChrysCapital Board, which company received, again, $1.2M to manage investments for MacArthur Foundation (John D, Catherine T, consolidated 2014 statements):

Dev (Joory) is the co-founder and Executive Director of International Financial Services, a leading management company specializing in international tax, business and corporate advisory services. Previously, he served as a senior tax executive at Ernst & Young, London. Dev has over 30 years of experience in international tax planning and business structuring. His area of specialization includes international banking and financial services including Islamic banking, offshore fund structuring and administration, intellectual and real property planning, franchising and retail operations. Dev is a Fellow of the Institute of Chartered Accountants in England and Wales and also a member of the Society of Trust and Estate Practitioners.

So, take a look at the image:

johnd-catht-macarthurfndtn-consolidated-69b-2014-990pf-pts-viii-highest-paid-contractors-572-2-in-london-uk-ix-a-summary-of-dir-charitble-activities-seen-2017-01-05-at-12-27pm

It’s important that Americans understand what this major and “ModelsForChange” foundation’s tax return reveals about where its true heart is (a.k.a., where its treasures are). Particularly seeing the highest-paid independent contractor ($1.2M) is domiciled in Mauritius (an island nation off S. Africa which only became independent from France in 1968, but which PRIVATE Equity firm is focused on India. Read all ChrysCapital’s Bd of Directors (there is one woman); their “Chartered Associate” focus is the UK, although you can see at least one Harvard and Stanford individual. What’s more, the only Investmt MANAGER (2014) based in the US (Boston), Babson Capital Mgmt, underwent a merger with 3 others announced 12/29/2016 and now is a new firm under the “Barings” brand which, while HQ’d in Charlotte NC (and London) still has a focus on Asia and Europe. (1,700 employees in 41 countries).

==>Click to Read Full-size and Comments (Also see image caption).

So, in bringing up “The Philadelphia Connection” on this post about the California/OHIO connection, well, nonprofits in both CA and OH were found running “Casey Family” and/or MacArthur Foundation programming (the purposes are similar).

Ohio as an entire STATE also figures in the (MacArthur promoted) “Models for Change” USA map of its “partners”…. It is a “Mental Health Action Network State” per this map w/ legend, along with Texas and others:

modelsforchangeorg-us-map-wlegend-core-partner-states-fed-collaborationsheavily-annotated-by-lgh-viewed-2017-01-04-at-4-02pm

Also, in Philadelphia, (see RED “CORE PARTNER STATE on USA map above) the well-known Juvenile Law Center at 1315 E. Broad St. 4th Floor (as I recall- easy enough to check) is the lead agency for Pennsylvania in re: the “Models for Change” purposes.

There were still more, different Philadelphia connections to those involved in what I’m blogging on this post, but I’ll leave it to that other “Preview Bordered Blue” post (forthcoming soon) to explain.

Either way, let’s pay better attention to which foundations are blowing the winds to which continents and along which currents of change of US-based public institutions.

A look through the MacArthur Foundation 990PF is a wakeup call, for sure.

I realize this all takes time.

But, well, so does working X hours for day and __% percent taken in taxes, and more (for some of us) wasted fighting family court feuds in venues with gender-stacked decks and infinite case-churning abilities and some federal incentives to keep unnecessary conflict going.
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Written by Let's Get Honest

January 5, 2017 at 9:58 pm

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