Koch Spent Nearly $150 Million in 2020 to Extend His Influence and Promote His Agenda - 2021-11-29

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F0.png Koch Spent Nearly $150 Million in 2020 to Extend His Influence and Promote His Agenda November 29, 2021, David Armiak, EXPOSED by CMD

The Charles Koch Foundation and Charles Koch Institute paid out $149.2 million in grants in 2020 to universities, right-wing policy, litigation, and advocacy groups, and other causes, the latest IRS filings obtained by the Center for Media and Democracy (CMD) detail.

Charles Koch, the CEO of Koch Industries that Forbes reports is worth $52.8 billion, transferred $26.7 million from one of his trusts to his personal foundation, according to the Charles Koch Foundation filing. The contribution section on the Charles Koch Institute filing is empty as 501(c)3 registered tax-exempt organizations are not required to disclose donor names or amounts.

In all, the Charles Koch Foundation brought in $118 million, while the Charles Koch Institute brought in $9.2 million in revenue, bringing the total net assets of both nonprofits to $1.07 billion.

Wikipedia cite:
{{cite news | first = David | last = Armiak | title = Koch Spent Nearly $150 Million in 2020 to Extend His Influence and Promote His Agenda | url = https://www.exposedbycmd.org/2021/11/29/koch-spent-nearly-150-million-2020 | work = EXPOSED by CMD | date = November 29, 2021 | accessdate = November 30, 2021 }}