Donors to secret nonprofit revealed

“Secret” and “nonprofit” are words that should not appear together. But the donors who have been financing Arnold Schwartzenegger’s jets and luxury suites have until recently somehow managed to keep their names private (despite nonprofit disclosure laws).

The donors receive tax breaks because their donations are made to an organization with nonprofit status. According to the Los Angeles Times, “the governor’s aides and the foundation say the arrangement takes a financial burden off taxpayers while allowing Schwarzenegger to serve as an ambassador for the state. Watchdog groups contend it has the potential to allow moneyed donors to wield undue influence without public scrutiny.”

Among the donors whose names were recently revealed is Don Fisher, founder of the Gap clothing stores, who is attempting to create a museum in San Francisco’s Presidio for his personal art collection.

LINK:
Donors to secret nonprofit named – Los Angeles Times

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