Political News and Conservative Analysis About Congress, the President, and the Federal Government
Democratic-led proposals targeting the private equity industry fills its war chest with millions of dollars from donors who get rich off lucrative investment funds, documents show.,” earns much of its revenue from foundations that rely on private equity to boost their assets.
PESP, a nonprofit group that formed in 2017, is technically called the Financial Services Stakeholder Project, according to IRS records. The Chicago-based group aims toprivate equity firms to “lay out concrete goals for hiring BIPOC, LGTBQ+, women, and workers with disabilities,” and recently took aim at firms such as Blackstone and the Carlyle Group in a “climate risks” scorecard
The Robert Wood Johnson Foundation, which has poured $1 million into PESP in recent years, invests around $4 billion of its $13.6 billion in assets in private equity, according to the foundation’s 2023 independent financial audit. The Ford Foundation, a top left-wing grantmaker that awarded $900,000 to PESP between 2020 and 2024, disclosed on its 2022 IRS tax$481 million in private equity and venture capital on its 2023 financial audit. That sum makes up 40% of its assets.
To Gordon Lightfoot, director of the pro-free market Pinpoint Policy Institute, the PESP donor dynamic is a “classic case of hypocrisy.”
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gloria Romero, former Democratic State Senate leader, joins Republican Party“Today I say ‘goodbye, adios,’ I’ve had enough,” said Gloria Romero at a news conference at the state Capitol.
Read more »
Key Senate race could hinge on voters who back Trump and the Democratic candidateThe Associated Press is an independent, not-for-profit news cooperative headquartered in New York City.
Read more »
Democratic donors prop up far-right candidates including Wisconsin gun activist in Senate raceAs the election cycle enters an urgent, final five weeks, both Democrats and Republicans are engaging in questionable tactics that threaten to subvert the democratic process by trying to shape the ballot through deceptive means.
Read more »
Key Senate race in Arizona could hinge on voters who back Trump and the Democratic candidateIf Ruben Gallego is going to give Democrats their fourth straight U.S. Senate victory in Arizona, he’s probably going to need support from an unlikely group: Donald Trump voters. Gallego and his GOP rival, former television news anchor Kari Lake, are both targeting undecided Republicans in a contest that will test the strength of Trump’s coattails.
Read more »
Democratic donors prop up far-right candidates, including Wisconsin gun activist in Senate raceAs the election cycle enters an urgent, final five weeks, both Democrats and Republicans are engaging in questionable tactics that threaten to subvert the democratic process by trying to shape the ballot through deceptive means.
Read more »
DSCC looks to replicate Democratic enthusiasm for Harris in Florida and Texas Senate racesPolitical News and Conservative Analysis About Congress, the President, and the Federal Government
Read more »