Revealed: Exactly Who Carly Fiorina’s Charity Donated $500,000 to – It Will Disturb You
By Randy DeSoto. Carly Fiorina has made defunding Planned Parenthood a top priority; but the organization that controls her charity, the Fiorina Foundation, has given nearly a half-a-million dollars to the group.
The Daily Beast reports that the Ayco Foundation (a subsidiary of Goldman Sachs), which controls the Fiorina Foundation, distributed $467,275 from 2011 to 2013 to various Planned Parenthoods, including those in New York City, Connecticut, and Indiana.
The Daily Beast described the arrangement that the Fiorina Foundation has with Ayco as akin to “a charitable savings account.” “The Ayco Charitable Foundation [is] a so-called ‘donor-advised fund,’ through which [the Fiorinas] distribute undisclosed sums to undisclosed recipients at undisclosed times,” according to the news outlet.
By contributing to the account, donors give up control of their cash or assets immediately and take the tax benefits, and then later advise the foundation what charities they would like to support.
Donor advised funds, like Ayco, do not disclose whose money gets donated to the various organizations to which the foundation contributes, so funds Fiorina and her husband contributed may or may not have gone to Planned Parenthood . . .
When Fiorina’s deputy campaign manager, Sarch Isgur Flores, was asked about the Planned Parenthood donations by Ayco, she said: “The Fiorinas absolutely have say over where their money goes and don’t have say over where other people’s money goes.” (Read more from “Revealed: Exactly Who Carly Fiorina’s Charity Donated $500,000 to – It Will Disturb You” HERE)
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The Organization That Runs Carly Fiorina’s ‘Foundation’ Has Given Half a Million Dollars to Planned Parenthood
By The Week. Nothing has defined Carly Fiorina’s presidential campaign quite like her outspoken opposition to Planned Parenthood — a point she has brought up repeatedly at debates and press conferences. It might seem odd, then, that her Fiorina Foundation is run by an organization that has given half a million dollars to Planned Parenthood since 2011.
The Fiorina Foundation isn’t actually, legally, a foundation, per se; it’s an account Fiorina and her husband hold with The Ayco Charitable Foundation, a “donor-advised fund” that stashes charitable donations for clients in case they want to quickly receive tax benefits, The Daily Beast explains. One expert on the topic described it as “a charitable savings account”; Fiorina’s account just happens to be run by a charitable foundation, Ayco, that gives money to her supposed archenemy, distributing money to five Planned Parenthoods across New York, Connecticut, and Indiana:
If Fiorina feels as strongly as she claims that it’s an abomination for American tax dollars — including hers — to be forced to help fund Planned Parenthood, it’s perplexing that she would elect to be associated with any group that feels comfortable giving money to Planned Parenthood by choice — on behalf of an individual or not.
Asked if Fiorina has a problem with Ayco distributing funds to Planned Parenthood, and if she’s ever lobbied them to stop, [Fiorina’s deputy campaign manager Sarah Isgur] Flores said, “Carly has no control over those clients and their giving preferences.”
Asked why Fiorina doesn’t just find a donor-advised fund that vows never to give money to Planned Parenthood on behalf of anyone, Flores didn’t respond. [The Daily Beast]
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