A recent email bemoans the fact that Maria Teresa Thiersten Simoes-Ferreira Heinz Kerry gave $4 million to the Tides Foundation. The email then goes on to list some of the radical left ludicrous projects that Tides gives money to.
It’s a bum rap. I have brought non-profit projects to Tides. Tides is a conduit for non-profit donations. Mrs Kerry got a charitable 501c3 tax deduction for her donation to Tides because Tides Foundation is a 501c3. Mrs Kerry no doubt specified the charity in the Tides portfolio she wanted to fund. We don’t know what that was.
Tides accepts money to pass along to non-profits that don’t yet have 501c3 exemptions or whose exemptions are not three years old, qualifying them for unquestioned IRS contributions.
The real problem here is that Tides is a financially sloppy operation. I pointed out to the president, Drummond Pike, the irresponsible financial policies of Tides and he ignored me. No one has ever told me that they cleaned up their act.