wellspring philanthropic fund staff

Accessed August 27, 2019. D/QkB/\xC+Lv f6#VUj2[DaKM:K1MG1!ak5L^0t`)Z. Hayden Ludwig is a Senior Investigative Researcher at Capital Research Center. 2001-2017. New Thinking on 2012 Election and Beyond. Preserved by Capital Research Center. Matan BSeter) in these 2011 and 2012 projects cannot be verified because of Wellsprings habit of concealing donations behind donor-advised funds. Committed to delivering the renowned legendary services, Mandarin Oriental, Taipei, the recipient of the prestigious Forbes five-star award, will continue to lead the hospitality industry in Taiwan . Accessed August 28, 2019. [5], In 2017, Wellspring began selectively donating directly to some organizations, allowing a window into its ideological priorities, and $28.5 million (11.6 percent of the 2017 total) was given to 56 left-of-center advocacy organizations. A DAF provider is not required to disclose how its donors directed the DAF to give the money away. Part XV (Grants and Contributions Paid; Supplementary Information). For most of 2001 through most of 2017 Wellspring/Matan B'Seter gave grants totaling nearly $900 million. . Myles Taylor (full name William Myles Taylor) is called a consultant to Wellspring Advisors. Wellspring Philanthropic Fund, Inc.'s headquarters is located at 10 Times Sq Rm 1600 New York, NY, 10018-1879 United States. Accessed August 27, 2019. Wellspring and the Arch Bridge School are accredited by The Joint Commission and NEASC, are licensed by the State of Connecticut and approved by the states of New York, New Jersey and Massachusetts. 101-250. 2001-2017. Wellspring Philanthropic Fund: About Us. Global Philanthropy Project. According to Gelbaums lawyer, as reported by the Algemeiner, he lost more than he thought he could possibly lose during the 2008-2009 financial crisis. [67], Slutsky is a New Jersey-based partner with Lowenstein Sandler, a law firm that filed Wellsprings initial articles of incorporation. Education Support Program Advisory Board. Open Society Foundations. Accessed July 18, 2019. etc.) The purpose of this project proposal is identified with phrases such as creating a long-term independent political force that can hold elected leaders of all parties accountable to open society values and priorities both before and after Election Day. [47], The project is presented as an ongoing collaboration of eight large left-of-center organizational donors, including OSF, Wellspring Advisors, the Ford Foundation, Carnegie (likely the Carnegie Corporation of New York), the Stoneman Foundation (possibly the Stoneman Family Foundation), the Democracy Alliance, and the Committee on States. Original URL: Ilona Prucha. LinkedIn. Wellspring Advisors is a for-profit limited liability corporation (LLC) created to manage Wellspring Philanthropic Fund, a major center-left funding nonprofit. 2014 IRS Form 990. Prior to 2017, and with the single exception of a small in-kind gift in 2004, 100 percent what Wellspring/Matan BSeter reports giving through 2015more than $715 millionwas hidden behind transfers to the Fidelity and Vanguard DAFs. Even less is known about Myles Taylor, who worked for two decades in commercial real estate in Washington, D.C. Myles Taylor runs Wellsprings D.C. office and is a former board member for the Audubon Society of the Mid-Atlantic and the Lincoln Group of D.C. Return of Organization Exempt from Income Tax (Form 990). Matan BSeter Foundation (Wellspring Philanthropic Fund). WELLSPRING PHILANTROPIC FUND INC. NEW YORK, NY 10018-1851 | Tax-exempt since Nov. 2000. endobj Richard K. Rein. Wellspring Philanthropic Fund. 2016 IRS Form 990. When Anonymous People Dominate Billions in Tax-Exempt Resources. Nonprofit Quarterly. Our mission is to provide the means that make these dreams a reality, to build self-confidence, and enhance individual character and a spirit to succeed. Please subscribe to read the rest. Our Work. The Vaid Group. August 28, 2019. The pay is great for the human rights sector, though not the highest for philanthropy. [45] One of the documents is a memo to Soros and his OSF U.S. To learn more about wellspring foundation and the impact we make in the world we share, please email, phone, or use the information request form below. Accessed August 28, 2019. Individual contributions: Andrew Shechtel: 1/1/2010-12/31/2020. Federal Election Commission. [14]In 2016, the group adopted its current name, Wellspring. It also focuses on expanding the voices, dignity and interests of the most marginalized and vulnerable . Notification. [37] Its also funded the LGBTQ Poverty Initiative, a research and advocacy group. 2018 Annual Meeting. Peace and Security Funders Group. The memo also reports on a 2011 collaboration between OSF and Wellspring involving highest quality voter lists that had achieved a tremendous, positive impact in the realm of voter engagement, voter registration, and getting out the vote in the all-important 2012 election. [49], The involvement of Wellspring (a.k.a. Accessed August 20, 2019. Wellspring [Advisors] administers the foundations grantmaking program and interfaces with the foundations donor-advised fund grantees . [53], Andrew Shechtel, David Gelbaum, and C. Frederick Taylor are the founders of Wellspring Philanthropic Fund (then Matan BSeter Foundation). Cassandra McKee. LinkedIn. Jessica Hjarrand. Prior to that, Katzive was a staffer for the Center for Reproductive Rights, a left-wing abortion advocacy group, from 1999 to 2010. Matan BSeter Foundation (Wellspring Philanthropic Fund). Matan BSeter Foundation (Wellspring Philanthropic Fund). Accessed August 27, 2019. Wellspring is listed as a founding grantor to the Heartland Fund, an environmentalist donors collaborative and a project of the Windward Fund (managed by the for-profit consultancy Arabella Advisors). Background Wellspring Philanthropic Fund, Inc. As such the final recipients of nearly $795 million given away by Wellspring/Matan BSeter are unknown. May 27, 2014. [40], A chart listing Wellsprings grants to donor-advised fund providers from 2001-2017 is available below: [41], Wellspring Philanthropic Funds tax returns covering late-2016 and most of 2017 show direct donations to some final recipients. [52], At least one Wellspring program associate, Caroline Brazill, has facilitated workshops for the Peace and Security Funders Group (PSFG), a donors collaborative associated with the left-wing Ploughshares Fund. Using a sophisticated network of for-profits, shell corporations, and consultancies, Wellspring has poured out an incredible $1.1 billion into nonprofits, most of . The Wellspring Philanthropic Fund is a near-bottomless pit of "dark money"anonymous spending to achieve political endsfed by a handful of mysterious hedge fund billionaires. In February 2018, Wellspring program director Michael Gibbons spoke at an event hosted by the Global Partnership for Education in Dakar, Senegal alongside George Soros Open Society Foundations and Bill and Melinda Gates Foundation. Carson is a former co-chair of the left-wing Human Rights Funders Network, founder of the advocacy training group Forefront, advisory board member for the SAGE Fund (a project of the New Venture Fund), an ex-staffer for Amnesty International, and an ex-staffer for Sen. Patrick Leahy (D-VT). All accessed July 22, 2019. https://projects.propublica.org/nonprofits/organizations/223692921 ^, See text beneath Philanthropy Advancing Womens Human Rights (PAWHR). ^. Accessed August 26, 2019. A drug to treat Huntingtons is closer than ever but those who need it remain cautious. The Globe and Mail. Sxjd%YG^YgH42me]-Hk_6F?%).BM0 G( Accessed August 15, 2019. 2012 IRS Form 990. [13], According to its articles of incorporation (available here), the Wellspring Philanthropic Fund was incorporated in 1999 in Roseland, New Jersey as the Matan BSeter Foundation,a 501(c)(3) private foundation (though the group considers its formation year 2001). [59] The five partners of Princeton-Newport Partners were indicted on racketeering and tax-fraud charges, but all charges were eventually dropped. How can philanthropic foundations help address the learning crisis. Global Partnership for Education. between our program staff and the grantees in the weeks leading up to the original due date of the report. Frederick Taylor. LittleSis. EIN: 22-3692921. 2010 IRS Form 990. He was a board member for a number of left-wing nonprofits, including the Planned Parenthood Foundation, Human Rights Watch, and the Center for Lesbian and Gay Civil Rights (now Equality PA, a Pennsylvania-based gay advocacy group). Not much is known about John Taylor, a professional litigator from 1986 to 2000. [58] Frederick Taylor reportedly worked at Princeton-Newport Partners, an early investment management company until it was liquidated following an investigation under the Racketeer Influenced and Corrupt Organizations (RICO) Act in the 1990s. Accessed August 20, 2019. [25] Along with two of his brothers, C. Frederick Taylor created Wellspring Advisors, which Philanthropy News Digest characterized as a consulting firm for anonymous donors. [26] Sometime after 2014 the name of the Matan BSeter Foundation was changed to the Wellspring Philanthropic Fund. <> [42], Of the named grant recipients for 2017, at least $28.5 million (11.6 percent) was given to 56 left-of-center advocacy organizations:[43], Wellspring Philanthropic Funds list of donors from 2001 to 2017 is available below: [44]. Senior Program Officer, International Children's Education, Senior Program Officer, Sexual Orientation and Gender Identity Program, Director, International Human Rights Program, Funders Committee for Civic Participation, Philanthropy Advancing Womens Human Rights (PAWHR), Fidelity Investments Charitable Gift Fund, New Jersey Public Interest Research Group (NJPIRG), https://www.algemeiner.com/2014/05/27/jewish-charities-heavily-favored-by-newly-revealed-13-billion-mystery-angels/, https://philanthropynewsdigest.org/news/anonymous-donors-of-more-than-1-billion-revealed, https://projects.propublica.org/nonprofits/organizations/223692921, https://thehill.com/policy/national-security/291486-thousands-of-soros-docs-released-by-alleged-russia-backed-hackers, https://www.influencewatch.org/app/uploads/2019/07/Bhargava-Stern-Memo-to-Soros-2011.pdf, https://www.fec.gov/data/receipts/individual-contributions/?min_date=01%2F01%2F2010&max_date=12%2F31%2F2020&contributor_name=taylor&contributor_zip=92603&contributor_employer=TGS, https://globalphilanthropyproject.org/about-us/gpp-members/wellspring/, https://funderscommittee.org/about/#member-organizations, https://www.influencewatch.org/app/uploads/2019/08/Funders-Committee.-Members-and-Staff.-08.2019.pdf, https://www.influencewatch.org/app/uploads/2019/08/Cert-of-Incorporation.-Wellspring-Philanthropic-Fund.-08.2019.pdf, https://www.njportal.com/DOR/businessrecords/EntityDocs/BusinessCopies.aspx, https://littlesis.org/person/153349-C_Frederick_Taylor, https://www.bloomberg.com/news/articles/2014-05-08/three-mysterious-philanthropists-fund-fourth-largest-u-dot-s-dot-charity#p1, https://www.fec.gov/data/receipts/individual-contributions/?min_date=01%2F01%2F2010&max_date=12%2F31%2F2020&contributor_name=Shechtel%2C+Andrew, https://www.theglobeandmail.com/life/health-and-fitness/health/a-drug-to-treat-huntingtons-is-closer-than-everbut-those-who-need-it-most-remain-cautious/article25797238/, https://projects.propublica.org/nonprofits/display_990/223692921/2016_10_PF%2F22-3692921_990PF_201511, https://nonprofitquarterly.org/when-anonymous-people-dominate-billions-in-tax-exempt-resources/, https://pdf.guidestar.org/PDF_Images/2017/223/692/2017-223692921-0fe51357-F.pdf, https://www.fsmonline.org/news/the-heartland-fund-launches-its-first-round-of-grants/, https://www.ppic.org/support-ppic/contributors/, https://www.influencewatch.org/app/uploads/2019/08/Public-Policy-Institute-of-CA-Contributors.-08.2019.pdf, https://www.influencewatch.org/app/uploads/2019/08/Vaid-Group-Our-Work.-08.2019.pdf, https://www.globalpartnership.org/blog/how-can-philanthropic-foundations-help-address-learning-crisis, https://static1.squarespace.com/static/521b8763e4b03dae28cd3e72/t/5af5ee32575d1fa5fe83ad07/1526066739006/PSFG+Annual+Meeting+2018.pdf, https://www.influencewatch.org/app/uploads/2019/08/Peace-and-Security-Funders-Group-2018-Annual-Meeting.-08.2019.pdf, https://corponline.dcra.dc.gov/Account.aspx/LogOn?ReturnUrl=%2fHome.aspx, https://www.influencewatch.org/app/uploads/2019/08/Wellspring-Phil-Fund-Governors.-08.2019.png, https://littlesis.org/person/153358/W_Myles_Taylor, https://princetoninfo.com/princeton-newports-secretive-successor/, https://princetoninfo.com/it-pays-to-know-your-uber-rich-neighbors/, https://law.rutgers.edu/directory/view/allenlev, https://relationshipscience.com/person/allen-b-levithan-26957255, https://www.dechert.com/people/m/george-mazin.html, https://www.lowenstein.com/people/attorneys/kenneth-slutsky, https://www.influencewatch.org/app/uploads/2019/08/Wellspring-Philanthropic-Fund-2017-Form-990.pdf, https://www.lowenstein.com/people/attorneys/john-berger, https://www.linkedin.com/in/adam-barber-a970894/, https://www.linkedin.com/company/wellspring-advisors/people/, https://www.influencewatch.org/app/uploads/2019/08/Wellspring-Phil-Fund-LinkedIn-Staff.-08.2019.png, https://www.hrfn.org/wp-content/uploads/2019/05/2019_042219_-GMI_NY.pdf, https://www.influencewatch.org/app/uploads/2019/08/Wellspring-Philanthropic-Fund-Internship-Description.-08.2019.pdf, https://www.linkedin.com/in/ilona-prucha-09468527/, https://www.linkedin.com/in/laura-katzive-41aa43ab/, https://www.linkedin.com/in/cassandra-mckee-6a85a31/, https://www.influencewatch.org/app/uploads/2019/08/SAGE-Fund-Who-We-Are.-08.2019.pdf, https://lgbtfunders.org/about/board-staff/, https://www.jewishpartnership.us/selah_alumni, https://www.linkedin.com/in/joyce-malombe-3919784/, https://www.opensocietyfoundations.org/who-we-are/boards/education-support-program-advisory-board, American Constitution Society for Law and Policy (Non-profit), Astraea Lesbian Foundation for Justice (Non-profit), Ballot Initiative Strategy Center Foundation (Non-profit), Alliance for Youth Organizing (Non-profit), California Calls Education Fund (Non-profit), Center for American Progress (CAP) (Non-profit), Center for Community Change (CCC) (Non-profit), Center for Constitutional Rights (CCR) (Non-profit), Center for Health and Gender Equity (CHANGE) (Non-profit), Center for Law and Social Policy (CLASP) (Non-profit), Center for Popular Democracy (CPD) (Non-profit), Citizens for Responsibility and Ethics in Washington (CREW) (Non-profit), Colorado Civic Engagement Roundtable (Non-profit), Colorofchange.org Education Fund (Non-profit), Commonwealth Institute for Fiscal Analysis (Non-profit), EarthRights International (ERI) (Non-profit), Environmental Defender Law Center (Non-profit), Every Child Matters Education Fund (Non-profit), Fidelity Investments Charitable Gift Fund (Non-profit), LGBTQ Victory Institute (Political Party/527), Government Accountability Project (GAP) (Non-profit), Gynuity Health Projects (Gynuity Institute) (Non-profit), Highlander Research and Education Center (Non-profit), Institute for Nonprofit News (Non-profit), National Domestic Workers Alliance (NDWA) (Non-profit), National Latina Institute for Reproductive Health (Non-profit), Philanthropy Advancing Womens Human Rights (PAWHR) (Non-profit), Planned Parenthood Federation of America (PPFA) (Non-profit), Political Research Associates (PRA) (Non-profit), Population Action International (PAI) (Non-profit), Project On Government Oversight (POGO) (Non-profit), Protect Democracy Project (PDP) (Non-profit), Public Employees for Environmental Responsibility (Non-profit), SPARK Reproductive Justice NOW (Non-profit), Vanguard Charitable Endowment Program (Non-profit), American Constitution Society for Law and Policy, Ballot Initiative Strategy Center Foundation, Center for Health and Gender Equity (CHANGE), Citizens for Responsibility and Ethics in Washington (CREW), Commonwealth Institute for Fiscal Analysis, National Domestic Workers Alliance (NDWA), National Latina Institute for Reproductive Health, Planned Parenthood Federation of America (PPFA), Public Employees for Environmental Responsibility Inc. Demos received two grants totaling $450,000 for a freedom to vote elections systems reform project and general operating support. Wellspring Philanthropic Fund is a private grantmaking foundation dedicated to advancing the realization of human rights and social and economic justice for all people. [39], These are very large donor-advised fund (DAFs) providers that invest the contributions they receive in accordance with the wishes of those giving the money. Rick Cohen. Matan BSeter Foundation (Wellspring Philanthropic Fund). The firm, TGS, is reportedly an acronym named for Wellspring founders Frederick Taylor, DavidGelbaum, and AndrewShechtel. Wellspring Philanthropic Fund (Matan BSeter Foundation). [65] [66], Mazin is a retired partner with Dechert LLP, an investment management firm. Accessed July 18, 2019. [73] Employee profiles strongly suggest that Wellspring Philanthropic Fund, the foundation, shares staffers with its associated for-profit consulting firm, Wellspring Advisors. <>/Metadata 284 0 R/ViewerPreferences 285 0 R>> We look forward to keeping you informed. In the memo, Stern and Bhargava ask Soros and his board to increase their contribution from $7.3 million to $16.3 million. Adam Barber. LinkedIn. Laura Katzive. LinkedIn. Accessed July 18, 2019. The New York-based company was created in 2001 and has been described as a private philanthropic advisory firm and a consulting firm for anonymous donors. Its relationship with the foundation is described in one of Wellsprings IRS filings: Wellspring Advisors provides operational, programmatic, administrative and grantmaking support to the foundation [Wellspring Philanthropic Fund]. (rsp8Czq6W7u-/|pMyV|pW]m^~MN%wyBX!kC#Yel!.N5]+GcK%de[HqRn{f YH5z}ap G}H{2mI=g During August 2016 DC Leaks, a hacker organization widely assumed to have been a project of a Russian intelligence agency, released a trove of documents from the George Soros-backed Open Society Foundations. Wellspring Philanthropic Fund supports the effective advancement of human rights and social justice. The foundations operations and huge grants to donor-advised fundsas well as the grants that the DAFs themselves ultimately makeare in the care of yet another private LLC. [82] She also worked for the Ford Foundation, the ELMA Foundation, and World Bank. Developer Bootcamp: Free. Anonymous Donors of More Than $1 Billion Revealed. Philanthropy News Digest. 2004 IRS Form 990. The Wellspring Philanthropic Fund is a near-bottomless pit of dark moneyanonymous spending to achieve political endsfed by a handful of mysterious hedge fund billionaires. Wellspring Philanthropic Fund, Inc. is in the industry of Social Advocacy Organizations. Schedule A, Part VIII (Officers, Directors, Trustees, etc.). The final recipients for $795 million (88.3 percent) of this funding are not known; through 2015, Wellspring gave nearly all annual grants to two of the nations largest donor-advised fund providers that are not required to disclose how individual donors direct them to give the money away. Register for free Under RICO law federal prosecutors had the power to seize the assets of Princeton Newport Partners. Archived here: About Us. Wellspring Philanthropic Fund. Find them in Quick Start. . Accessed August 28, 2019. Joyce Malombe. LinkedIn. Nonprofit Quarterly also explained that that the founders have generally promoted greater deductions for donors to specific causes, such as programs targeting rare diseases. [29], IRS records representing most of 2001 through most of 2017 (available here) filed by the Wellspring Philanthropic Fund (previously the Matan BSeter Foundation) show all new money put into the fund coming from five corporate sources: Twenty-One Holdings, Rubik Enterprises, BLTN Holdings, Shackleton Company and MBS Funding.