The first thing zillionaires do is create tax-exempt foundations and pour all their money into them. They have total control of their money through their foundations and side-step the IRS.
All it would take is one little tweak to the tax code. Who has the courage to take the Big Boys on?
Rank |
Name/(state) |
Assets |
As of
|
| 1. | Bill & Melinda Gates Foundation (WA) | $37,430,150,458 | 12/31/2010 |
| 2. | Ford Foundation (NY) | 10,498,932,621 | 09/30/2011 |
| 3. | J. Paul Getty Trust (CA) | 10,483,398,708 | 06/30/2011 |
| 4. | The Robert Wood Johnson Foundation (NJ) | 9,199,687,456 | 12/31/2010 |
| 5. | W. K. Kellogg Foundation (MI) | 7,696,627,040 | 08/31/2011 |
| 6. | The William and Flora Hewlett Foundation (CA) | 7,377,220,546 | 12/31/2010 |
| 7. | The David and Lucile Packard Foundation (CA) | 6,100,637,478 | 12/31/2010 |
| 8. | The John D. and Catherine T. MacArthur Foundation (IL) | 5,737,270,334 | 12/31/2010 |
| 9. | Gordon and Betty Moore Foundation (CA) | 5,585,288,763 | 12/31/2010 |
| 10. | The Andrew W. Mellon Foundation (NY) | 5,490,877,291 | 12/31/2010 |
| 11. | Lilly Endowment Inc. (IN) | 5,184,625,647 | 12/31/2010 |
| 12. | The Leona M. and Harry B. Helmsley Charitable Trust (NY) | 4,143,880,203 | 03/31/2011 |
| 13. | Tulsa Community Foundation (OK) | 4,022,451,000 | 12/31/2010 |
| 14. | The William Penn Foundation (PA) | 3,987,087,217 | 12/31/2010 |
| 15. | The California Endowment (CA) | 3,745,324,056 | 03/31/2011 |
| 16. | The Rockefeller Foundation (NY) | 3,593,289,629 | 12/31/2010 |
| 17. | The Kresge Foundation (MI) | 3,276,968,952 | 12/31/2010 |
| 18. | The Duke Endowment (NC) | 2,837,905,170 | 12/31/2011 |
| 19. | Foundation to Promote Open Society (NY) | 2,817,446,416 | 12/31/2010 |
| 20. | The Annie E. Casey Foundation (MD) | 2,797,729,748 | 12/31/2010 |
| 21. | Robert W. Woodruff Foundation, Inc. (GA) | 2,795,111,909 | 12/31/2011 |
| 22. | The Bloomberg Family Foundation, Inc. (NY) | 2,734,103,737 | 12/31/2010 |
| 23. | The Susan Thompson Buffett Foundation (NE) | 2,584,393,426 | 12/31/2010 |
| 24. | Carnegie Corporation of New York (NY) | 2,548,230,211 | 09/30/2011 |
| 25. | Conrad N. Hilton Foundation (CA) | 2,140,385,894 | 12/31/2010 |
| 26. | Charles Stewart Mott Foundation (MI) | 2,130,000,000 | 12/31/2011 |
| 27. | Silicon Valley Community Foundation (CA) | 2,081,920,000 | 12/31/2011 |
| 28. | The Harry and Jeanette Weinberg Foundation, Inc. (MD) | 2,072,697,349 | 02/28/2011 |
| 29. | Kimbell Art Foundation (TX) | 2,059,995,937 | 12/31/2010 |
| 30. | John S. and James L. Knight Foundation (FL) | 2,036,153,513 | 12/31/2011 |
| 31. | Richard King Mellon Foundation (PA) | 2,018,377,846 | 12/31/2010 |
| 32. | The McKnight Foundation (MN) | 1,982,175,000 | 12/31/2011 |
| 33. | Margaret A. Cargill Foundation (MN) | 1,968,309,988 | 12/31/2010 |
| 34. | John Templeton Foundation (PA) | 1,939,387,570 | 12/31/2010 |
| 35. | Casey Family Programs (WA) | 1,935,207,121 | 12/31/2009 |
| 36. | The New York Community Trust (NY) | 1,908,884,580 | 12/31/2011 |
| 37. | Ewing Marion Kauffman Foundation (MO) | 1,881,375,000 | 12/31/2010 |
| 38. | The Simons Foundation (NY) | 1,862,188,781 | 12/31/2010 |
| 39. | The Cleveland Foundation (OH) | 1,816,947,057 | 12/31/2011 |
| 40. | Annenberg Foundation (CA) | 1,720,105,771 | 06/30/2011 |
| 41. | Doris Duke Charitable Foundation (NY) | 1,716,471,991 | 12/31/2010 |
| 42. | Eli & Edythe Broad Foundation (CA) | 1,689,096,798 | 12/31/2010 |
| 43. | Alfred P. Sloan Foundation (NY) | 1,653,512,812 | 12/31/2011 |
| 44. | The Chicago Community Trust (IL) | 1,595,765,501 | 09/30/2010 |
| 45. | The James Irvine Foundation (CA) | 1,589,353,533 | 12/31/2010 |
| 46. | Houston Endowment Inc. (TX) | 1,527,022,391 | 12/31/2010 |
| 47. | The Heinz Endowments (PA) | 1,470,209,104 | 12/31/2010 |
| 48. | The Wallace Foundation (NY) | 1,410,919,607 | 12/31/2010 |
| 49. | The Starr Foundation (NY) | 1,342,712,927 | 12/31/2010 |
| 50. | Walton Family Foundation, Inc. (AR) | 1,282,168,113 | 12/31/2010 |
| 51. | California Community Foundation (CA) | 1,242,402,000 | 06/30/2011 |
| 52. | Daniels Fund (CO) | 1,207,849,555 | 12/31/2011 |
| 53. | Marin Community Foundation (CA) | 1,207,464,129 | 06/30/2011 |
| 54. | Greater Kansas City Community Foundation (MO) | 1,189,480,459 | 12/31/2010 |
| 55. | The Moody Foundation (TX) | 1,175,095,528 | 12/31/2010 |
| 56. | Lumina Foundation (IN) | 1,156,840,104 | 12/31/2010 |
| 57. | Open Society Institute (NY) | 1,141,004,097 | 12/31/2010 |
| 58. | Barr Foundation (MA) | 1,134,513,133 | 12/31/2010 |
| 59. | The Anschutz Foundation (CO) | 1,133,090,471 | 11/30/2010 |
| 60. | The Brown Foundation, Inc. (TX) | 1,115,833,756 | 06/30/2011 |
| 61. | The San Francisco Foundation (CA) | 1,101,069,000 | 06/30/2011 |
| 62. | The Samuel Roberts Noble Foundation, Inc. (OK) | 1,096,656,796 | 12/31/2011 |
| 63. | The Columbus Foundation and Affiliated Organizations (OH) | 1,061,039,486 | 12/31/2010 |
| 64. | The Oregon Community Foundation (OR) | 1,040,106,343 | 12/31/2009 |
| 65. | W. M. Keck Foundation (CA) | 1,022,800,000 | 12/31/2011 |
| 66. | Bat Hanadiv Foundation No. 3 (NY) | 953,358,565 | 12/31/2010 |
| 67. | The Ahmanson Foundation (CA) | 938,736,097 | 10/31/2011 |
| 68. | The Michael and Susan Dell Foundation (TX) | 934,701,114 | 12/31/2010 |
| 69. | Robertson Foundation (NY) | 874,038,503 | 11/30/2010 |
| 70. | Surdna Foundation, Inc. (NY) | 867,363,679 | 06/30/2011 |
| 71. | The Freedom Forum, Inc. (DC) | 867,021,671 | 12/31/2010 |
| 72. | Boston Foundation, Inc. (MA) | 859,510,000 | 06/30/2011 |
| 73. | Druckenmiller Foundation (NY) | 852,353,119 | 11/30/2011 |
| 74. | Shimon ben Joseph Foundation (CA) | 837,220,914 | 12/31/2010 |
| 75. | Cummings Foundation (MA) | 834,371,069 | 12/31/2010 |
| 76. | The Edna McConnell Clark Foundation (NY) | 831,854,466 | 09/30/2011 |
| 77. | The Pittsburgh Foundation (PA) | 821,409,075 | 12/31/2010 |
| 78. | Hall Family Foundation (MO) | 816,078,893 | 12/31/2010 |
| 79. | The Joyce Foundation (IL) | 808,480,401 | 12/31/2010 |
| 80. | The California Wellness Foundation (CA) | 794,337,702 | 12/31/2011 |
| 81. | Rockefeller Brothers Fund, Inc. (NY) | 789,378,035 | 12/31/2010 |
| 82. | M. J. Murdock Charitable Trust (WA) | 786,828,151 | 12/31/2011 |
| 83. | The Broad Art Foundation (CA) | 772,439,657 | 12/31/2010 |
| 84. | Communities Foundation of Texas, Inc. (TX) | 769,107,000 | 06/30/2011 |
| 85. | The J. E. and L. E. Mabee Foundation, Inc. (OK) | 768,175,002 | 08/31/2011 |
| 86. | Hartford Foundation for Public Giving (CT) | 762,222,900 | 12/31/2010 |
| 87. | Otto Bremer Foundation (MN) | 761,362,288 | 12/31/2011 |
| 88. | Engelstad Family Foundation (NV) | 758,280,826 | 12/31/2010 |
| 89. | The Ford Family Foundation (OR) | 745,185,712 | 12/31/2010 |
| 90. | Bush Foundation (MN) | 740,000,000 | 12/31/2011 |
| 91. | The Packard Humanities Institute (CA) | 732,975,558 | 12/31/2010 |
| 92. | The Community Foundation for Greater Atlanta (GA) | 723,793,300 | 12/31/2011 |
| 93. | The Meadows Foundation, Inc. (TX) | 720,435,662 | 12/31/2010 |
| 94. | Weingart Foundation (CA) | 718,445,607 | 06/30/2011 |
| 95. | The Henry Luce Foundation, Inc. (NY) | 713,105,558 | 12/31/2011 |
| 96. | Laura and John Arnold Foundation (TX) | 711,626,515 | 12/31/2010 |
| 97. | Foundation For The Carolinas (NC) | 711,620,777 | 12/31/2009 |
| 98. | The Saint Paul Foundation (MN) | 702,560,293 | 12/31/2010 |
| 99. | The Commonwealth Fund (NY) | 690,193,069 | 06/30/2011 |
| 100. | Jack Kent Cooke Foundation (VA) | 680,297,315 | 05/31/2011 |
Source: http://foundationcenter.org/findfunders/topfunders/top100assets.html
So, why not just give ALL the money to the government and see how long it takes to throw that away.
The thing is these foundations do a hell of a lot more good in the long run than all the government waste and graft the government seems to have.
Concur racefish. Give the government more money and they’ll just waste it.
I see it as a spending problem, not a taxing problem.
Yes $200 Billion is a pittance to the 16 Trillion and growing hand over fist deficit. I agree that the big boys do this to avoid taxes, but would not avoid oppressive double and triple taxation on the same income. The problem is the SPENDING and that is where we must attack this socialist despotic monster! Unfettered power comes from spending not taxing at this point.
Shouldn’t these foundations be giving money away? Isn’t that the purpose? Or is it to provide income from these charities to family members? Just wondering.
Gates Foundation gives away tons of money. They also pay their staff very well with great benes.
Don’t forget the Reece Committee on Tax-Exempt Foundations found the main foundations of the day, still in operation and on the top 100 list, were focused on steering the culture towards an internationalist worldview. The Gates Foundation is very involved in Third World Population Control. Warren Buffet is calling for a big tax hike on the 1%, yet he announced years ago that he’s leaving the bulk of his estate to the Gates Foundation!
The foundations, especially the Rockefeller – Carnegie-Gates-Soros are funding Agenda 21. Globalism and all the other “isms” undermining the traditional American values we’re fighting to restore.
The foundations are HUGE and POWERFUL— more powerful than ANYONE in Washington DC. Our elected leaders, from the White House on down are too chicken to take them on. To a large extent, the political class are lackeys doing their bidding.
Yep, Gates is heavily involved with that purpose.
Melinda Gates has budgeted $4.6 BILLION for abortion/population control internationally. She says it’s her “signature issue” for the decade.
Surprised to see the Koch Family Foundation is not in the top 100. Probably because it is a number of separate foundations.
“Melinda Gates has budgeted $4.6 BILLION for abortion/population control internationally. She says it’s her “signature issue” for the decade”
Oh come now. At least try to be honest, a little. Of the $4.6 billion pledge, the Gates Foundation has pledged $560 million for contraception. Not “abortion” and not “population control” beyond contraceptive measures.
I suggest you should “at least try to be a honest, a little.”
In May, 2012, nominal Catholic Melinda Gates told Newsweek magazine that she intends to spend billions of dollars on a global campaign to promote the use of artificial birth control, and highlights a type of contraception that causes abortions. “Gates specifically names Depo-Provera, a hormonal contraceptive that causes abortions by preventing implantation of the newly-conceived human life in the uterine wall. Several studies have linked the controversial drug with bone loss (osteoporosis), which has earned it a “black box” warning from the FDA. Studies have also linked Depo-Provera with increased risk of blood clots, breast cancer, cervical cancer, increased herpes susceptibility, memory loss, and other disorders.”
Source: http://www.lifesitenews.com/news/catholic-melinda-gates-announces-multi-billion-dollar-global-contraceptive