Archive for March 23rd, 2018
Robin Hood Foundation (“RHF” 1989ff); Its Disregarded Entities incl. Robin Hood Holdings LLC (2001ff) The FBI & FINRA-prosecuted (2015, 2016 news) $1.4M Ponzi Scheme/ Securities Fraud involving a NC Broker Charles Fackrell — and several “Robin Hood” entities; RHF’s $11.6M 2008 grant to Single Stop USA (2007ff w/ board members in common)(of which claimed only $8.3M Total Contributions for 2008, “do the math”), not to mention ImpactMatters (2015ff in CT, although fka EvidenceAuditLLC). All this to help the poor, slash poverty and make the world a better place?
Placeholder for a missing thumbnail, RHF leadership page
. . . .Take a breath for another LONG post title….
Robin Hood Foundation (“RHF” 1989ff); Its Disregarded Entities incl. Robin Hood Holdings LLC (2001ff) The FBI & FINRA-prosecuted (2015, 2016 news) $1.4M Ponzi Scheme/ Securities Fraud involving a NC Broker Charles Fackrell — and several “Robin Hood” entities; RHF’s $11.6M 2008 grant to Single Stop USA (2007ff w/ board members in common) (which claimed only $8.3M Total for 2008, “do the math”), not to mention ImpactMatters (2015ff in CT, although fka EvidenceAuditLLC). All this to help the poor, slash poverty and make the world a better place? Shortlink ends: “-7Ym” moved here 11/16/2017 after a day or two of incredulous look-ups…finally published (mostly as-was) March 23, 2018, at only 4,444 words.
At this point, I do not even remember which was the most recent parent post. I remember making an off-hand reference to the “take from the rich to help the poor” (i.e. the fabled “Robin Hood” reference), already knew this was a significant progressive foundation involved with other foundations, and started looking at it and its tax returns.
~ ~ | | INTRO & 3/23/18 UPDATE STARTS HERE || ~ ~
After a month-long hold, a closely related post was published March 18, 2018. Its intro explains the long pause and includes this commentary:
Two related posts … were on hold for some months in Q1 2018 while I restructured blog home page, added some tables of content posts (for Q4, 2017, actually) and posted on more current events, and how “Community Development” as “expanded Real Estate Development” was expanding government costs and concentration, while placing many assets directly in the hands of private investors who needed low-income populations to test their behavioral modification and social science theories upon, globally. …
Post Title: NYC’s largest anti-poverty organization (so it says) appropriates for its name a well-known 15th century British legend about a 12th century outlaw of noble character, a name preserved by Hollywood and a parade of famous actors for about a century– a name like many iconic “handles” often translated into business models (incl. “Anti-Poverty” ones) — hoping to absorb some of the glamour, reputed compassion for commoners, and in general, virtue. of this well-known hero. Such names are taken for the PR connotations and ALWAYS deserve A Closer Look, especially in this 21stC. I have been…. (case-sensitive shortlink ends “-8NN.” Moved here Dec. 8, 2017, being published March 18, 2018(!), still under 8,000 words)
And, “oh boy!” do these posts elucidate just how globally such demonstrations are, some programs (and software applications) originating (which by now should not be surprising) out of Harvard, MIT, and a new center at Rutgers University, typically with a variety of creatively named and name-changing nonprofits reflecting the global intents, and justification for continued control of major assets under multiple corporate names by anyone BUT the people whose wages help create them, while those subcontracting or otherwise collaborating as employees with those who have great, innovative ideas (for example, getting MORE people on as many public benefits as fast as possible, digitally) participate in the “fees for friends” and “trickle-down” business of consolidating federal funding across all the various agency “silos.”
Except this intro, post is mostly intact as written. I’ll add tags soon….//LGH March 18, 2018.
Tags were added March 24…
I did add tags and images of a board of directors for “ImpactMatters” (viewed currently), but not much else except this introduction, between last look at this post (Dec. 2017) and today, and after re-reading it. Tags image posted here may help with its key entities and concepts:
LCM~FCMatters Tags for Mar 23 2018 post ‘RHF Disregarded Entities–all this help poor slash poverty make world better place?’
In my recent (+/- March 21) Tweets, responding to a user who complained about the Christian right’s treatment of women, HHS grants, Wade Horn, etc., I said, OK, but are you aware where progressives stand on the same issues? I thought not and, with quick lookups, posted some links and images from Annie E. Casey Foundation and Open Society Foundations, referenced the “CBMA” (Campaign for Black Male Achievement) as a 2015 entity in which announcements were made ca. 2014 about how many (I believe the number was 40) major philanthropies were collaborating (i.e., putting heads and funds together). See next six-image gallery. The fifth (“Practice Network/Women in Fatherhood”) image wasn’t displaying clearly enough so is repeated individually below. The sixth, a black-and-white table (no pictures) shows Board members, Titles, and (why I showed it) their respective affiliations — Skillman Foundation, Casey Family Programs (CBMA itself), Harlem Children’s Zone (why I included it), and University of Pennsylvania Law School — at the newly-registered nonprofit, for short, “CBMA.”
However as funders starting in 2014 (at which time it was likely still an initiative of the Open Society Foundations — since 2008 was mentioned), you can see from the second (“Funding Partners”) image, a list of philanthropies/foundations contributing to this campaign shown there is:
- Casey Family Programs
- The California Endowment
- Chicago Community Trust
- The Heinz Endowments
- Kapor Center for Social Impact**
- Knight Foundation
- Robert Wood Johnson Foundation
- The Skillman Foundation
**Having social “impact” is obviously a big sound-byte currently. “Got IMPACT? Want More? Our nonprofit (software, etc.) will help your donations have greater impact / measure impact (etc.). Case in point, 2015 spinoff* from Robin Hood Foundation in this post, “ImpactMatters, Inc.” [*see that section of this and related post for more details].
**The name “Kapor” here is associated with Mitch Kapor and Freda Klein Kapor; he invented Lotus 1-2-3 (she was working there). It’s centered in downtown Oakland, California, and as happens, involves a certain property (with space for rent and an auditorium), a related “Kapor Capital” “Institute” (etc.). A number of other nonprofits plus a Kapor Foundation are referenced in just the co-chairs (of Kapor Capital) bio blurbs. I should blog separately – after locating the various nonprofits. I see among the projects is working to get users access to redeeming their food stamp benefits online (partnership with USDA), and more. For the record however– are any financials for any of the referenced entities posted under the main website? (Apparently, No…) I looked up the Form 990PF (and at the 2016 filing) for Kapor Social Investments. You’d be surprised at its funders, and where it’s holding about half its $35M (yes, Million) “Other Investments”*** assets, with next to no liabilities, and where its $1.9M of grants are — most of them — going. Hint $1.1M went to another named fund underneath another (local, and well-heeled) community foundation. ***Clue: NOT within the USA, or even North America. And it’s a pooled investments hedge fund.
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- (previously posted/annotated on FamilyCourtMatters) re-posted in June, 2020
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- (previously posted/annotated on FamilyCourtMatters) re-posted in June, 2020
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- (previously posted/annotated on FamilyCourtMatters) re-posted in June, 2020
In non-slide-show image, they are all readable except I feel the second one, which is reposted by itself here:
The CBMA launched as a separate NY nonprofit (CharitiesNYS.com shows a tax return claiming NY legal domicile, but other paperwork says DE corporation), and — why it’s mentioned here on a post featuring the RHF (Robin Hood Foundation) — not too surprising, the push was for “Place-based philanthropy” and the initial treasurer was Geoffrey Canada of: Robin Hood Foundation, Harlem Children’s Zone, and probably others.
Other than my additions of images for “ImpactMatters” Board Members and “People,” and I may also add some for Robin Hood Foundation’s Board (organization website profiles) and a minor update on ImpactMatters’ Form 990-N 2(016’s became available while this post was in draft status), the post is basically “as written.” Outside of this introduction.
My focus is more on the character of multiple nonprofits and spinoffs of RHF than the NC Fackrell case which I wished to report and which I felt illustrates the problem with multiple entities per nonprofits, and nonprofits coordinated through funders’ networks and, in opaque money trails involving Do-Good Organizations targeting public institutions (which isn’t to include Fackrell in that category — but Robin Hood Foundation has certainly claimed that organizational purpose).
For more information on both ImpactMatters (and Single Stop, Innovations for Poverty Action, J-PAL, and RHF), see also that related post above, publ. 3/18/2018.
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