Let's Get Honest! Absolutely Uncommon Analysis of Family & Conciliation Courts' Operations, Practices, & History

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Archive for April 21st, 2017

Freedom of the Press IS on the Auction Block (Rupert Murdoch, Walter Annenberg empires: Consolidate, New Markets, Buy&Sell, handle the Scandals, go public, go private, keep on trucking…) [Publ. April 21, 2017]

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Consciousness-raising on this ongoing Auction Block reality is always timely.

THIS POST IS: Freedom of the Press IS on the Auction Block  (Rupert Murdoch, Walter Annenberg empires: Consolidate, New Markets, Buy&Sell, handle the Scandals, go public, go private, keep on trucking…) and its case-sensitive short-link ends “-6BH.” [excluding the “.”]

Attempting to differentiate what I do here, and my purpose in doing it, from journalistic, personal anecdotal, or high-profile (poster child) case anecdotal reporting, and cause-based rhetoric on many of the same topics on which those journalistic, anecdotal types of reporting have been dominant:  family courts, domestic violence, marriage/fatherhood, child support, divorce-custody and so forth, has been an ongoing theme in my blogging.  We should recognize that, and I call attention to this situation, information on these topics that is publicized on-line may comes from both secondary, pro-bono (volunteer) social media reblogging, and primary sponsorship — which primary (organization) sponsorship may be itself several levels deep as to seeding one rhetoric or another (and with this recommended solutions).

Beyond how many levels deep is sponsorship of the reporting websites/organizations (that others like to quote, repost, and reblog) is the question of sponsorship of the technology platforms on which the rhetoric is itself disseminated, decade by decade, 1900s – 2000s.  This brings us into the question of high-technology media corporations, conferences, and just how profitable the sector is — although when it’s NOT profitable, someone’s company or subsidiary IS going to get sold off sooner or later.  At the bottom of this post, I take a single corporation’s history on a timeline and show some of the trends — all of which relates to the on-line news, other media, and print (where they still exist) publications, and who owns whose at any point in time.

Yet another factor comes up when professional journals (such as the Family Court Review with its affiliations) about which the average person NOT into the professional fields involved, whether academic or “created” fields (domestic violence advocates, fatherhood researchers or practitioners, etc. may not even know, and to which therefore they cannot respond properly, or timely, which is to say, effectively.  This is no accident!

Institutions (such as universities) have their own additional blogs and websites to further promote ideologies which the public, in general, may be completely unaware of, between comparing the mainstream news media (ABC, NBC, CBS — PBS — or now, Fox) with their favorite right-wing or progressive news outlets, a choice of “pro or con” a limited series of issues which BOTH sides profit from debating in public.

Up next (as part of demonstrating this situation), I have an example of law-school sponsored journalism hooking up with another private nonprofit-university published journal seeking, deliberately over time, to transform the systems of:  family courts, juvenile justice, school truancy law, and of course behavioral health/social science-related services.  I remember exactly what search phrase led me to become aware of this center, but unless you happened to be on the lawschool website and curious about one of its many “Centers” and take that curiosity some steps further, you might not have known.  (Next images show first, the lawschool banner, then that banner with the “Centers” dropdown — in fine print):

UCBaltimore SOLaw Home page

UCBaltimore SOLaw Home page showing drop-down menu for “Centers” in very fine print) Click for full-sized.

LAW UBALT EDU Centers, annotated + showing the CFCC (Screen Shot 2017-04-21 at 4.04PM)

UCBaltimore SOLaw Home page; having clicked on “CFCC” option, the donors name in such large letters, important parts of the page aren’t even visible on the top half (scroll down to see now more overt connections between CFCC founder and AFCC-affiliated (co-published) Family Court Review, of which this Associate Professor is now Editor in Chief. And, newsletters, and recommendations for a new post-JD certificate in family law, etc.

And the trend is to Unify under themes controlled, again, by private interests — but in the case of UBaltimore School of Law, that university is part of the Maryland State System.  And I have already posted on the influence of this particular center WITHIN the law school having had a role of pushing through the setup of family court divisions when it COULD NOT and WAS NOT being passed legislatively.  It was done administratively through a well-known presiding judge at the time (Chief Administrative Judge Bell) with a well-known and clearly well-earned civil rights record.  I am not going to hunt up all my specific links, but believe they will be found on the TOC page under late 2013 as I recall. For example:  Dec 22, 2013, my “Eavesdropping into an Indoctrination Center; Hindsight from a Pilot Project Outpost” specifically references this CFCC and one of its founders, Barbara Babb.  Next to images are screenshots from that part of the post, including one link to an article cited on turning the tide, and endorsing this “unified family court” concept for “families and children,” which is to say, most people!

No apologies for the sarcastic tone, either!

#1 of 3 from my Dec 22, 2013 post referencing UBaltimore School of Law CFCC in re creation of the family law division (late 1990s) in Maryland — through an administrative judicial ruling

#2 of 3 from my 12/22/2013 blog

Title and publication/issue# referenced in Image 2 of 3 from my 12/22/2013 post

Here’s another example I discovered not too long ago from a UBaltimore School of Law CFCC website which I sarcastically (but I still say, accurately) referred to as an “AFCC Outpost” in late 2014.  Predictably, they are recommending more training of judges and in fact, a post-J.D. certification regarding family law issues.

This theme refers to the private, professional journals which, when read, reveal intent to affect public institutions.

However that is not the major emphasis of this post.  Below this illustrated section, I will talk more about the sale of Triangle Publications (and with it, TV Guide) in ONE large section involving (at least) TWO major actors (see post title for which one).

 

AND, below that, in a different (more gray) background-color, a section on  high-technology specialty corporations buying and selling each other over time, using for an example the 1971-formed CMP Publications.  I think it’s interesting, and sale of THAT media wealth (ca. 1999) helped set up yet another privately controlled family foundation which went — where else? — into education reform, this time, the “progressive” way.


I would like to have here provided access with active links to this Spring (April 2017) Full Court Press issue (3 annotated images below) to readers, however none were provided (the links were basically NOT active) on my received email and I see from the website (Scroll down further, it’s on the left sidebar) where this “Full Court Press” might normally show up (and a Summer 2016 version of “The Unified Court Connection, 17th issue” (and the Spring 2017 one is called the 18th issue) is supplied, it may not be yet available on their main website.  Odd, that!  But, you can learn there its stated goals:

CFCC primary goals are to:

  • Deliver cutting-edge family law education by engaging law students in real-life learning opportunities   [[i.e., mentoring fresh generations of law students in the “RIght Way” to think about family courts]]
  • Promote the development of unified family courts to provide children and families with a single court system with comprehensive subject-matter jurisdiction
  • Improve the delivery of legal, social, judicial, administrative and other services within the family justice system, including evaluating family court systems
  • Develop training programs and tools for judges, court staff and attorneys to build their understanding of the complex issues underlying family law proceedings
  • Support school success for children by bringing together judges, attorneys, law students and other members of the legal community to improve school attendance, reform school discipline practices and protect legal rights for children in school

We invite you to learn more about what we arewhat we do, and how you can get involved with our work.

This CFCC (now named after alumni donors, a married couple) is innately intertwined with private nonprofit associations and has been since is 2000 co-founding. There is a clear intent to protect the proprietary “Train the judges, protect AND EXPAND our turf” visible, with the emphasis on therapeutic jurisdiction, a “holistic approach” and all this said throughout to be in the public’s best interest, and families’.  Now it’s not enough to combine the unified family court jurisdictions, they also want to help steer entire communities, thus pretty much revealing the true colors behind the movement, from the start.

Image 1 of 3 (UBaltimore School of Law S&M Meyerhoff CFCC Spring 2017 Full Court Press) email alert

Image 2 of 3 (see caption for image 1). Note reference to Diane Nunn. Diane Nunn also has a long history  as an AFCC-affiliated person with the California Judicial Council (TOP ruling body of the Calif. courts)  AOC/CFCC, which CFCC historically has seemed to coordinate policies with CFCC here in Maryland.  Her AFCC affiliation is not mentioned here but (see image 3 of 3) this CFCC’s is now more “out in the open.”

Image 3 of 3 (annotated, Click HERE to read my comments on the AFCC affiliations .Note reference to Barbara Babb (co-founder of this) now being Editor in Chief of the (AFCC-Hofstra Univ. -produced) “Family Court Review.” Notice also reference to yet more certifications and trainings being recommended (for both judges and lawyers) and continued promotion of “Unified Family Courts”

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

There is a place and importance to telling one’s story, but when it comes to advocacy, analysis and exposure of the problems in the above areas, who is using the story for what purpose has to be determined, and those in the least advantaged position at any point in the time, should be most concerned to determine, through following the financial and corporate funding trails (profit and nonprofit) WHO is behind the message they’re repeating, for free presumably, to the world in seeking:  justice, court reform, protection, (etc.) from any government entity.

It takes at least two sides to play ping-pong, tetherball, or Good Cop/Bad Cop with a single theme.

I have continued to say, that vocabulary has to be business and accounting related, and to be wide enough in scope, it must incorporate the financial relationships with government.  And I have continued to demonstrate what you can find once you start looking into that.

People do not seem to realize (in my experience) that once you become entrenched in a subject matter side to the point of NOT perceiving the operational foundations of those propagating it, you lose objectivity and credibility, period. Credibility becomes limited to those who happen to side with you already, or who may help further a journalistic career writing up the problems for their publications, whether as employee or freelance.

People eager for change and reform [again, I’m referring experientially to people in the family courts, domestic violence, marriage/fatherhood, child support, divorce-custody and related fields] also often don’t seek to distinguish between what is anecdotal (even if true) to others not personally eyewitnesses of the events, and what can be at least verified by others from afar as true statements, and from those true statements (qualified, of course, as to the credibility of their sources), compiling a reasonably comprehensive, fair, logical and set in a historic context, account for the present situation.


I would not expect 100% agreement “across the board” ever, but if these discussions cannot move out of the realms of religion or quasi-religious assertions, it should not be a viable discussion for public policy in the USA until consent is made to suspend the Constitution and formally declare instead a “theocracy.” That wouldn’t pass (I hope!), so instead, the trend has been to slip elements of major religious beliefs (again, either pro- or con- monotheism and male-dominance) in the back door –which is to say, functionally, administratively, and INdirectly.

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Challenging the Annenbergs’ Public Education Challenge Grants, Still Searching for AISR@Brown as a Form 990 filer, Still Scrutinizing Why We Accept that Privately Controlled, Synched, Billion-Dollar, Tax-Exempt Foundations Care about the Public as Much as About Controlling Their Collective Assets (and the Public, Lest It Start Demanding a Better Look at the Books!) [moved here Apr. 15, Publ. April 21, 2017]

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This sprang un-mid-wifed (?) from the belly of another post,** where it’d grown submerged under that post’s main identity until ready to burst forth into a free-breathing, distinct publication from the other, as itself, and at a different street address (url) on the same blog.  I have been pregnant (and carried to term; they’re young adults now), so I do know what it feels like getting around the last few months: cumbersome. That’s how the other post was getting.

**the post (published 4/17/2017) which gestated (? incubated) this one:

Others talk so freely about conceiving, founding, launching and incubating various projects (or nonprofits) under some larger fiscal agent, or donor-advised-funds community foundations until they are “spun off” or “born,” I figure I can talk about having “given birth” to another post every now and then.   🙂  Sometimes, when I’m tangling too close with certain subject matter (here, the University of Pennsylvania and University of Southern California’s “Annenberg School of Communications” Trusts, not to mention the Annenberg Foundation itself) unpremeditated offspring are conceived.

So, this one being my “baby” I gave it a nice long name, in the  family (“FamilyCourtMatters)”tradition:

The first several paragraphs here overlap from the originating post, before I “get into it,” scrutinizing some of the Forms 990PF and relationships between various Annenberg projects and their main foundation. *** [see below next para. and link]

As previously explained (on the last post, above), this is a large family foundation (well, at least one) whose primary wealth came from ownership of publications/media field — the sale of “Triangle Publications,” by a second-generation business success, Walter H. Annenberg.

As much as I might want to elaborate more on this, after starting to do so here, I ‘re-allocated’ this into a spin-off post, which is now (a day later) complete and ready to go when this one is, under the name:



***And whose family style of philanthropy, prior generation and the new one (daughter Wallis), tends to put its name on the things it funds and endows — like entire schools within at least two universities, and to advertise about the amazing, large-scale things it has accomplished by the sheer scope and size of commitments.  No question this philanthropy is appreciated by the recipients, especially the art museums, but I do have a “show-us-the money” (financial reports) issue with the private-university-located entity which not only seeks to transform the US Public School system but also I gather to privately steer how, and in what direction, and to do this nonprofit and somewhat fiscally underground.

I also believe it’s time to start questioning the university homes (here, private universities) who help hide the cashflow involved while publicizing the program and project aspects, both this one, and other related ones.   

About this principle: I am noticing the habit across subject matters and at other universities also (example:  National Center for Adoption Law and Policy at Capital University in Columbus Ohio turns out to have been a trademark of the university, and while its featured website was referenced repeatedly on-line at different sites ending “*.org” or as I recall “*.edu”, at the end of the day, the website for which $230,000 (for starters) HHS funds were obtained by a Capital University Alumna (and US Rep), looks to have never been put up; the domain name is for sale with no redirect, and what was “NCALP” then became FYLaw, equally untraceable, most likely. You can see this interest across several of my posts within the last half year.

That was “Child Welfare Training” subject matter, but it also occurs in domestic or “Intimate Partner” violence prevention fields also (Ohio IPV Collaborative).  In reality, it may be less the subject matter than the accounting and reporting practices we should be paying attention to. At some levels, I believe the stated “cause” may be functioning as a hook, to reel in public support for the private or public/private consolidated interests (wealth, in other words) to problem-solve and retrain all involved in the new way of thinking, communicating, or in of course new electronic databases or platforms for the same.


In this post, “AISR” stands for one of the advertised projects for which I’m having some trouble locating financial reports (showing gross receipts, program-related revenues and expenses (payments to others, including subcontractors), plus annual reporting of a balance sheet, showing where are its investments), despite how popularly and widely it is referenced both by the involved universities and some of the funded nonprofits, some of which are either themselves networked, or helped start one (i.e., “Coalition for Essential Schools.”

If there IS no such Form 990-filing entity by the legitimate name AISR (written out), thing, then I would question why a corporation by that name was ever set up, which, as I established in my last post, Rhode Island Corporations Division says does exist; it has a business entity and listed board of directors, is classified as a nonprofit, and a start date is listed.

“AISR” represents “The Annenberg Institute for School Reform at Brown University” which is in the USA’s smallest state: Rhode Island or as the Secretary of State/Corporations Division website says “Rhode Island and the Providence Plantations.”

Here’s a street sign for the AISR but who can find its tax return (EIN#)?  I see there is a corporate filing for it.  Donations to it are coming (mostly) direct to Brown University EIN#; Brown being a private nonprofit, files its own Form 990s:

Ramifications: IF there is no proper EIN# (for example, if AISR is an UNregistered trademark of Brown University, or some other explanation), then what does that say about the famous Annenberg Foundation whose $500M to public education — and $50M of this to this institute named after the donors — is displayed on their website and recited faithfully in histories of the respective institutions?

If, by contrast (however) the secrecy and “catch-us-if-you-can” aspects of the cash flow TO the AISR is symptomatic of Brown University only, not the Annenberg Foundation whose claim is to have committed $50M gift to it months after its first $5M gift (and this in 1993), then PERHAPS the donee may be found by starting at the Annenberg Foundation end and working downwards as to the Public Challenge Grantees.

I cannot easily access EIN#s before this century, but early in this century did find a list of some of those grantees (but not named AISR and representing any EIN# outside of Brown U’s main #). Will show it below. This all will make more sense if you read the annotated images, not just the narratives around them.

What’s more, when a major foundation IS claiming to donate money which cannot be readily found on a financial report to an institute within a private university not subject to (or complying with requirements to) file — I figured perhaps it might be good to identify, in this situation, the OTHER “Challenge Grantees” specifically and see if, as a group, they are doing any better.  Perhaps also it is a symptom that something might be radically wrong with the entire picture; whether or not should be identified and whatever is wrong should be corrected. Where, for example, are the checks and balances?

CYC (found at AISR Brown University) Notice “Cradle to Career” is the goal.

At all points, when public schools major institutions are targeted for systemic change as sponsored by untrackable, or hard to follow private money, (projects of school districts across the country, who as specialized, special-purpose government entities, must maintain their pension funds, facilities management, maintenance, construction and acquisition at times (i.e. real estate), staff, administrative overhead, support staff, school security, books, computers and consumable classroom supplies, not to mention supply of properly qualified teachers, and security-screened for criminal backgrounds at all levels too — should we not already have familiarized ourselves with at least our own school districts’ financial statements too, how they are put together, and be able to tell when any unethical, immoral, or potential racketeering influence (RICO) might be operational?    And be talking about those financial statements with each other, as opposed to devouring the press and funded public relations material (only) about them?

If the school districts — and their projects, the schools —  are collectively a major “distressed asset” in which foundations wish to personally invest (or, have the public “divest” more and more) — shouldn’t we be able to see where they are dealing with the private contractors seeking to reform them in coordinated fashion based on theories from, for example, specific Harvard, Yale, Brown, Columbia University, Princeton or Ivy League models?  [This maroon font marks three paragraphs not on original post, in the “overlap” section].

From ANNENBERG FNDTN WEBSITE About Page 1989 – 1993 (School Reform) + 1958 School for Communciation at U of P (Screen Shot 2017-04-14 at 1.32PM (Goes with next image):

The School Reform challenge is featured on Annenberg Fndtn’s own summary of itself, along with establishing schools of communication in 3 institutions, and substantial contributions to art museums and endowed chairs at universities. It also gives a size reference for the initial funding of the foundation — sale of a media empire (Triangle) for, judging by this, $3.6 billion, presenting another major problem to be solved — federal taxes on capital gains! And, public image vis a vis the less well-endowed (i.e., the working poor and middle class).

The foundation still has a Pennsylvania Address, although its surviving Annenberg family members and some of the staff/contractors seem to be more in Southern California (Los Angeles, Beverly Hills, etc.).

Timeline FAQs from its “Who We Are” (after identifying as a family foundation).  Notice the years, please.

  • 1989 The Annenberg Foundation begins operations on July 1 with $1.2 billion in assets. [see also annotated image to left]
  • 1990 To focus attention on the needs of historically black colleges, the Annenberg Foundation makes a $50 million challenge gift in what becomes, at the time, the most successful fundraising drive ever by the United Negro College Fund.
  • 1993 The Annenberg Foundation makes a $25 million grant to Harvard University. The grant will be used for scholarships, seminar programs and renovations to historic Memorial Hall, including the creation of a freshman dining facility named for the Ambassador’s son, Roger Annenberg.
  • 1993 The Annenberg Foundation makes a historic commitment to public education with the $500 million Annenberg Challenge. The Annenberg Challenge is one of the largest gifts in philanthropic history and works to revive and inspire school reform efforts across the nation. Eighteen locally designed Challenge projects operated in 35 states,** funding 2,400 public schools that served more than 1.5 million students and 80,000 teachers. [[More on how it identifies (or doesn’t) these projects, below, look for the “**”]]
  • 1993 The Annenberg Foundation grants $120 million to the University of Pennsylvania.## The grant endows the Annenberg School for Communication and creates the Annenberg Public Policy Center, which conducts research and convenes discussions on the critical intersection of media, communication and public policy.

“**” and “##” mark two footnotes I’m making to the organization’s summary page.  “##” is addressed first, and several paragraphs below that, and likely next to an image, **.” Look for both the symbols and titles in those two colors to tell one from the other.


## Annenberg School of Communication Financial Relations with the University of Pennsylvania and the Annenbergs:  

This 1993 $120M endowment for the (pre-existing since 1958, per description above) Annenberg School for Communication at the University of Pennsylvania (“ASC at UofP” for convenience here) becomes interesting when eight years later, the UofP endows a trust whose income goes to the school, but is still controlled by Annenberg and their historic financial and legal managers from other foundations or trusts.

I found a 2002-funded Trust which was initially funded with $100M (even) FROM the University of Pennsylvania [currently held in the UofP’s “AIF” and possibly from it in the first place] which was from the start under the control of (a) a Dean or Director from the ASC at UofP, Annenberg Family Members (originally Leonore + Wallis; Leonore the mother died in 2009, her famous spouse Walter H. in 2002), some lawyers from (as the Form 990PFs show) from a Philadelphia Law firm Dilworth Paxson also known for handling other Annenberg financial and estate matters.  One of these men (Wm. J. Henrich) was previously successor to Triangle Publications when its owner (Ambassador Annenberg) stepped down in, I believe the NYT article showed, 1984.

Closer looks at some of the respective tax return details reveals operation practices and the larger strategy.

(Shown again below:   tinyurl.com/1984Nov16NYTHenrichSuccdsAnnbg.  Not too long after, Triangle Publications was sold?)

“AIF” is a term I found on the tax return, and as seen on a financial statement (at university site) must stand for Affiliated Investment Funds” managed by a third party, it says:

AIF is Associated Investments Fund third-parties-managed, then 2’8B (excerpt from FY2001 UofP Financial Statemt)” (<==click for full-sized).

I will post more on this below; I’m still trying to understand it and wrap my head around how a university as large as the University of Pennsylvania, around since 1740 (!!), could be operating as a private nonprofit, and not as is seen in other states whose similarly-named universities ARE often state corporations or instrumentalities, or may have started as land-grants, but going by the name “University of Pennsylvania” similar to other states   Apparently.

This would mean that Annenberg has chosen two PRIVATE universities for Schools of Communications (here, and Univ. of Southern California) and private university Brown for its AISR.

The interesting feature to me here is that what I considered a state university, and would expect to be subject to “CAFR” filings, is apparently (judging by the size and description of “Trustees of the University of Pennsylvania) instead, just a humongous 501©3, that is, a private, nonprofit.  Each state may do its state-supported university systems in its own way, but that was a real surprise for me.  The ramifications?  It may not have to produce the type of detailed reports that other government entities have to.  For a contrast, I’m working on a separate post looking at the Commonwealth of Pennsylvania’s CAFRs, not that this topic hasn’t been covered on this blog (and a related one) in earlier years.

Take a look! You’ll have to ignore the wrong name supplied by the FoundationCenter, again; the EIN# represented belongs to the “Trustees of the University of Pennsylvania” which a small image from the IRS “Exempt Organization Select Check” search page also shows.  Or, just click on any oddly named organization in the table here to see the Form 990 attached to it.

Total results: 3Search Again.

ORGANIZATION NAME ST YR FORM PP TOTAL ASSETS EIN
Out-Of-School Time Resource Center PA 2015 990 142 $17,230,855,000.00 23-1352685
Morris Arboretum PA 2014 990 238 $16,398,248,000.00 23-1352685
Institute of Contemporary Art PA 2013 990 204 $14,905,771,000.00 23-1352685

The IRS “Exempt Organizations Select” check search site verifies that contributions here are tax-deductible and who actually owns that EIN#:  “Trustees of the University of Philadelphia.”

$17 BILLION dollars of assets of course includes buildings, and liabilities to go with them.  BUT, a closer look shows it includes substantial investments and related companies (foreign and domestic).

 

Click to read Annotations and view full-sized (Sched E self-identification by U of P on its tax return)

The Annenberg Foundation “About Us” summary fails to mention that after it gave UofP $120M to endow the school named after the family and setting up another “Center” with the family name, eight years later, in 2002, the UofP then set up a trust controlled by ASC leadership and Annenberg family leadership, starting with $100M — and not too many years later, doubling in size, which income was to go to back to the University of Pennsylvania (i.e., the terms of the trust strictly controlled where its revenues went).  However, someone had to administer this, and over time I saw that the, or an independent subcontractor investment management firm (Bessemer) also had funds titled after itself in which the assets were invested, as well as being paid (as a subcontractors, plus separately, there would be also more “investment management fees”).

About Bessemer — this firm began when Phipps, who helped found Carnegie Steel, sold his share and (obviously) than had some investments to manage.  The investment company (1907 started) continued privately controlled, but by the 1970s began inviting in some of their kind (wealthy families, foundations, or trusts) to work with them.  https://en.wikipedia.org/wiki/Bessemer_Trust.  Still run by a Phipps descendant (as of this “Wiki”), it manages over $100 billion assets for its 2,300 clients, has offices all over the US in major cities, and the Cayman Islands, and London.  In 2001, this Bessemer Trust formed a partnership with someone from Morgan Stanley aimed at “middle market equity.” See next image:

Minimum investments to get involved in Bessemer Trust, if they want you, is $10M.

Guess what the 2001-formed partnership middle-market partnership specialized in?

“Lindsay Goldberg is an American private equity firm focused on leveraged buyout and growth capital investments in middle-market companies in such sectors as consumer products, commodity-based manufacturing, energy services, business services, financial services, energy transmission and waste disposal.[2]

The firm, which is based in New York City, was founded in 2001 by Alan Goldberg, who had previously served as chairman and CEO of Morgan Stanley Private Equity (later Metalmark Capital) and Robert Lindsay, who played a central role in the Bessemer Trust private equity business, serving most recently as Managing General Partner since 1991. Goldberg and Lindsay had worked together in the 1980s at Morgan Stanley and were founding members of the private equity business in 1984.

The firm has raised approximately $13 billion since inception, across four funds. The firm raised $2 billion for its first fund in 2002.[3] In 2006, the firm completed fundraising for its second fund with $3.1 billion of investor commitments.[4][5] In 2008, Lindsay Goldberg commenced raising its third fund with a target of $4.0 billion. As of November 2015, $3.4 billion had been raised toward its fourth fund.[6]

Leveraged buyouts and growth capital.  Per this (brief) Wiki, there was also some press over a controversy regarding one of the projects, Duff Capital Advisors, which lasted about one year, period, 2008-2009.

Investment in Duff Capital Advisors[edit]

In 2009, Lindsay Goldberg received media coverage for controversies related to its investment of $500 million in seed capital in Duff Capital Advisors.[8][9] Launched by former Morgan Stanley CFO Phil Duff, Duff Capital was led by financial services executive Eileen Murray, who served as its Co-Chief Executive Officer and President.[10] Duff Capital Advisors started in March 2008 and shut down in May 2009 prior to moving into the 43,400 square feet of office space, complete with food court, showers, and other amenities, which the company had leased in an office park in Greenwich, Connecticut.[11][12] Subsequent to the closure of Duff Capital Advisors, Phillip Duff formed Massif Partners, another hedge fund; however, Lindsay Goldberg declined to make an investment in this enterprise.[13] Massif Partners went on to encounter similar challenges to Duff Capital.[14]

(For timeline comparison, the alteration in the UofP / Annenberg School of Communications financial setup involved moving $100M into a trust “fbo” (for the benefit) of UofP in 2002 and another one “fbo” USC (University of Southern California), looks like the same amount or close to it, also about the same time.)  However, they weren’t involved with the partnership, just Bessemer Trusts.  BUT, later on, you can see the investments are in funds named “Bessemer” part of the time.  [I do not recall on which tax return, but remember seeing this.  Perhaps it was on the foundation proper and not one of the ASC Trusts…Anyone is free to review; I’ve provided the EIN#s…]


But here’s an image from a UoP tax return showing that EIN# as part of its overall “related entity” operations.  I’ll show the table for the same EIN# below.

Trustees of Univ of PN EIN# 231352685 FY2014 990 Excerpt showing ASC Trust as supporting entity.  Meanwhile, see also the corresponding entity’s filing (the ASC Trust at U of PENN) FY2014 Form 990 acknowledging the Univ of Pennsylvania as its own Schedule R Related Entity (and the only one, in fact):


** Annenberg Public Education Challenge (footnote to the Foundation’s summary page)

(**18 projects in 35 states by definition indicates crossing state jurisdiction lines, which helps break down accountability with the departments of education and school districts within each state involved.  But that’s nothing particularly new in the field of public/private partnerships…)


Question:  Where are the Foundation’s Forms and audited statements for year 2015? I can understand why 2016 may not be out yet — but why not 2015? (2015 return has not shown up yet on the FoundationCenter search, either) — this is the latest year showing as of now, April 2017.  They are two to three years behind in reporting to their own openly transparent website.

ORGANIZATION NAME ST YR FORM PP TOTAL ASSETS EIN
Annenberg Foundation PA 2014 990PF 101 $1,663,095,893.00 23-6257083

Above represents FY2014 because at this point their FYr.=Calendar Yr. That means FY2015 isn’t posted yet, at least here (also not on their website).

Just a word on the relationship with the University of Pennsylvania and Annenberg School for Communications (started in 1958) and its endowment (and new name, Center for Public Policy) — who funded whom, and who controls whom, gets a little complicated when I read an Annenberg Foundation 2002 return stating that the “[Ann’brg.] School for Communications” had converted into a private trust. I looked up the private trust and found its initial return (2002) which shows a $100M contribution TO this trust:

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Written by Let's Get Honest

April 21, 2017 at 8:43 pm

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