The campaign finance reform special-interest group United Republic
has released a list of its major donors—all five of them—months after
promising to reveal its funding sources.
United Republic is a nonprofit launched in November 2011 and dedicated to getting “big money” out of politics.
However, as reported by the Free Beacon, for months it refused to disclose who funded its operations, despite promises of transparency on its website and by United Republic staffers.
According to a recently added page on United Republic’s website, the five major donors who contributed more than $5,000 to the organization’s $5 million to $10 million first-year operating budget are John Cogan, Mrs. Francis Hatch, Vincent Ryan, Albert Wenger, and the Democracy Fund.
The Democracy Fund is the former name of United Republic. The 501(c)4 group rolled all of its assets into United Republic when the name changed. Before it was the Democracy Fund, the group was known as the Change V2 Foundation, a group formed by Harvard Law professor and campaign finance reform advocate Lawrence Lessig and Democratic campaign strategists Joe Trippi and Monica Walsh.
The Change V2 Foundation received a grant from the Arkay Foundation, a prominent progressive philanthropic organization, according to the foundation’s website. However, a search of foundation grants to Change V2, the Democracy Fund, and United Republic did not return any results.
United Republic does not list any of the donors to the Democracy Fund or Change V2, nor does it acknowledge what percentage of its funding came from those organizations.
Read more: http://freebeacon.com/mad-money/
United Republic is a nonprofit launched in November 2011 and dedicated to getting “big money” out of politics.
However, as reported by the Free Beacon, for months it refused to disclose who funded its operations, despite promises of transparency on its website and by United Republic staffers.
According to a recently added page on United Republic’s website, the five major donors who contributed more than $5,000 to the organization’s $5 million to $10 million first-year operating budget are John Cogan, Mrs. Francis Hatch, Vincent Ryan, Albert Wenger, and the Democracy Fund.
The Democracy Fund is the former name of United Republic. The 501(c)4 group rolled all of its assets into United Republic when the name changed. Before it was the Democracy Fund, the group was known as the Change V2 Foundation, a group formed by Harvard Law professor and campaign finance reform advocate Lawrence Lessig and Democratic campaign strategists Joe Trippi and Monica Walsh.
The Change V2 Foundation received a grant from the Arkay Foundation, a prominent progressive philanthropic organization, according to the foundation’s website. However, a search of foundation grants to Change V2, the Democracy Fund, and United Republic did not return any results.
United Republic does not list any of the donors to the Democracy Fund or Change V2, nor does it acknowledge what percentage of its funding came from those organizations.
Read more: http://freebeacon.com/mad-money/
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