Wednesday, 9 March 2011

Is Your Charity Charitable

By Cassandra Anderson

3926_Finance-NetSol-3-1Before you write a check, sign a petition or declare your unwavering support for foundations or "nonprofit" organizations (NPOs), you may wish to investigate their agendas by using this step-by-step guide. Many large foundations and nonprofit organizations have destructive agendas in opposition to public interest or they receive funding from dubious sources and may be unduly influenced.

Lawyer and former tax expert, Michael Shaw now President of FreedomAdvocates.org says, "Foundations, Non Governmental Organizations and non-profits are generally exempt from income taxes. They have been arranged from the beginning to promote globalism and today this is accomplished through the implementation of Agenda 21. The creation of the Federal Reserve coupled with the adoption of the income tax in 1913 provided the one world elite opportunity to avoid taxes through the formation of Foundations and other tax exempts. This was key to creating the financing system that has promoted globalism and which now threatens us all with world tyranny."

There are 1.6 million so-called nonprofit 501(c)3 organizations in the US. Nonprofits are misnamed and are anything but not-for-profit; a more accurate description is that they are TAX EXEMPT organizations. This article will explore two major types of tax exempt organizations:
  • Foundations- these are the grantors and they are required to donate 5% of their assets each year to charitable organizations. They enjoy enormous tax breaks from the federal government and pay no income tax, no corporate tax and no capital gains tax. States and local governments may also exempt them from property and sales taxation. Some powerful foundations are extremely influential in setting political policies and making laws that benefit their enterprises and pass the cost onto taxpayers.

  • Nonprofit Organizations or NPOs also enjoy the same tax exemptions as foundations (no income, corporate or capital gains taxes). NPOs are structured like a business and seek grants from foundations, government subsidies and corporate and private donations. They do pursue profits.

For instance, Planned Parenthood is a NPO with deep roots in eugenics and they seek to have employees promote abortions to boost profits, according to a former employee whistleblower. Planned Parenthood showed a $112 million profit in 2006 and received over $300 million in tax funded support. Whether someone is pro-life or pro-choice, most would agree that pursuing abortion for profit and population control is very negative.

Because tax exempt 501(c)3 organizations get a free ride on taxes but enjoy publicly funded benefits, they should be required to make their full financial documents available to the public. Furthermore, tax exempt organizations may also receive tax funded government subsidies, so it is simply wrong that there is little or no transparency. This is important because many organizations that receive tax exempt status influence political policy that works against the public.

...MORE HERE...

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