Home > Fraud, News, Obama > ACORN Loses Its Funding From Big Foundations – washingtonpost.com

ACORN Loses Its Funding From Big Foundations – washingtonpost.com

Interesting.  Notice that some of these groups dropped ACORN long before the videos came out.  The Ford Foundation cut them off due to “concerns about inadequate financial controls and procedures”.

This is a criminal organization that has kept going because of friends in very high places.  Now that those friends are trying to pretend they don’t even know who ACORN is, their protection is gone.

Anyone want to bet on how long until ACORN falls apart?  Anyone want to bet on how many of the higher ups at ACORN end up at SEIU?

The liberal political organizing group ACORN, battered by the release of embarrassing videos and allegations of financial mismanagement and fraud, has also been losing support from several major foundations.

The Ford Foundation, the Annie E. Casey Foundation, the Charles Stewart Mott Foundation, the Marguerite Casey Foundation and Bank of America have stopped funding the group and its affiliates over the past year and a half.

The Association of Community Organizations for Reform Now, a network that helps low-income families with housing, voter registration and other issues, receives about 10 percent of its $25 million annual budget from federal grants, according to Brian Kettenring, deputy director of national operations. The rest comes from foundations, membership dues and private donations.

The Annie E. Casey Foundation stopped making grants to ACORN in early 2009, according to spokeswoman Sue Lin Chong. The Casey foundation gave an average of $270,000 a year to ACORN. The foundation saw good results from the grants and believes the funding was used appropriately, according to Cho.

The Ford Foundation, which has given nearly $2 million, suspended funding for ACORN and its affiliate organizations about a year ago because of concerns about inadequate financial controls and procedures, according to spokeswoman Fiona R. Guthrie.

ACORN Loses Its Funding From Big Foundations – washingtonpost.com

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