Wednesday, September 29, 2010

Here are names of deep pockets funding Obama's scheme. Wealthy far-left activists put cash, savvy into aim of transforming U.S.

Exposing "the radical left's best kept secret" is the aim of a new report on the Tides Foundation and Tides Center, a network of wealthy political activists with connections to President Obama whose aim is no less than to transform the U.S. into a socialist nation.

"Together they provide tens of millions of dollars annually to some of the most extreme, destructive charities in America," declares the report by Trevor Loudon for the Capital Research Center, a Washington, D.C.-based non-partisan education and research organization.

Loudon, known for his New Zeal blog which has broken numerous stories about Obama's radical ties, says the "the people of the Tides network are not merely wealthy donors or long-serving political hacks."

"While they transmit large donor contributions to progressive causes, they also transform those causes by re-tooling the mechanisms of 'social change philanthropy' and rebuilding the infrastructure of the political left," he writes.

Read the report, "The Tides Foundation and Center: Brokers of the Revolution"

The Tides Foundation, founded in San Francisco 1976, and its affiliated Tides Center form a network of the leading brokers of the unfolding "Obama Revolution," Loudon writes, that promises "nothing less than the complete transformation of our economy," as Obama expressed it during the 2008 campaign in announcing his energy plan for America.

Tides money flows to thousands of far-left independent public charities, lobby organizations and "projects," including the notorious community organizing group ACORN, David Brock's Media Matters for America and the Center for Constitutional Rights.

Anonymity is one key to Tides' success, the report says, noting donors are not required to reveal the recipients of their contributions.

But what makes the Tides network unique is that it combines the foundation's role as a donor-advised funder with the center's activities, "nurturing and sheltering many of its fledgling groups with legal advice and fundraising assistance," Loudon writes.

The Tides Foundation claims it has distributed $400 million in grants to progressive nonprofits since 2000, but Loudon believes the true amount must be significantly higher.

He notes that according to the respected FoundationSearch. com philanthropy database, the Tides Foundation gave 14,246 grants totaling $630.6 million from 1999 through 2008.

In 2008, Tides gave about $84 million to U.S. nonprofits and about $20 million to foreign nonprofits.

ACORN and some of its spinoffs have received from Tides grants totaling nearly $1.2 million while the left-wing "media watchdog" Media Matters has received $500,000. READ MORE...

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