wellspring philanthropic fund staff

2007 IRS Form 990. <>/Metadata 284 0 R/ViewerPreferences 285 0 R>> . Return of Organization Exempt from Income Tax (Form 990). The foundation itself muddies the waters, however, by noting that, as of January 1, 2018, Wellspring Advisors has shifted to become Wellspring Philanthropic Fund. LinkedIn profiles of Wellspring Advisors 70-odd employees strongly suggest that, at least externally, the two groups are treated synonymouslymany titles overlap and the for-profit and foundation arms are often conflated. From 2012 to 2014, McKee was managing director of Fair Share, a left-wing advocacy group. February 20, 2018. Matan BSeter), 13 percent of total contributions put into the fund during that period. Original URL: Wellspring Philanthropic Fund. District of Columbia Department of Consumer and Regulatory Affairs. [74], In addition, Wellspring has posted a number of positions stressing social justice, including racial and gender equity as an organizational operating principle, as qualifications. Carson is a former co-chair of the left-wing Human Rights Funders Network, founder of the advocacy training group Forefront, advisory board member for the SAGE Fund (a project of the New Venture Fund), an ex-staffer for Amnesty International, and an ex-staffer for Sen. Patrick Leahy (D-VT). The Algemeiner noted at least two of the three billionaires (Gelbaum and Shechtel) are Jewish, and that other subsidiaries within their network (such as one named Shekel Funding) bore Hebrew or Israeli-related names. [16], The three men were partners in the hedge fund TGS Management; C. Frederick Taylor is specifically listed as the firms co-founder beginning in 1989. Private. Myles Taylor is the foundations vice president. 2011 IRS Form 990. 2 0 obj Accessed August 20, 2019. Individual contributions: Andrew Shechtel: 1/1/2010-12/31/2020. Federal Election Commission. [39], These are very large donor-advised fund (DAFs) providers that invest the contributions they receive in accordance with the wishes of those giving the money. Wellspring and the Arch Bridge School are accredited by The Joint Commission and NEASC, are licensed by the State of Connecticut and approved by the states of New York, New Jersey and Massachusetts. Frederick Taylor. LittleSis. [5], In 2017, Wellspring began selectively donating directly to some organizations, allowing a window into its ideological priorities, and $28.5 million (11.6 percent of the 2017 total) was given to 56 left-of-center advocacy organizations. Members. Funders Committee for Civic Participation. Grantees will also have the option of providing reports . endobj endobj [45] One of the documents is a memo to Soros and his OSF U.S. 2002 IRS Form 990. Prior to 2017, and with the single exception of a small in-kind gift in 2004, 100 percent what Wellspring/Matan BSeter reports giving through 2015more than $715 millionwas hidden behind transfers to the Fidelity and Vanguard DAFs. He is also listed as Of Counsel for the law firm Lowenstein Sandler. In the memo, Stern and Bhargava ask Soros and his board to increase their contribution from $7.3 million to $16.3 million. 3 0 obj [14]In 2016, the group adopted its current name, Wellspring. Wellspring Philanthropic Fund. We honor that flow of life and the lifegiving benefits that our philanthropy can provide. Accessed August 26, 2019. Archived here: About Us. Wellspring Philanthropic Fund. Accessed August 27, 2019. All Rights Reserved. Senior Program Officer, International Children's Education, Senior Program Officer, Sexual Orientation and Gender Identity Program, Director, International Human Rights Program, Funders Committee for Civic Participation, Philanthropy Advancing Womens Human Rights (PAWHR), Fidelity Investments Charitable Gift Fund, New Jersey Public Interest Research Group (NJPIRG), https://www.algemeiner.com/2014/05/27/jewish-charities-heavily-favored-by-newly-revealed-13-billion-mystery-angels/, https://philanthropynewsdigest.org/news/anonymous-donors-of-more-than-1-billion-revealed, https://projects.propublica.org/nonprofits/organizations/223692921, https://thehill.com/policy/national-security/291486-thousands-of-soros-docs-released-by-alleged-russia-backed-hackers, https://www.influencewatch.org/app/uploads/2019/07/Bhargava-Stern-Memo-to-Soros-2011.pdf, https://www.fec.gov/data/receipts/individual-contributions/?min_date=01%2F01%2F2010&max_date=12%2F31%2F2020&contributor_name=taylor&contributor_zip=92603&contributor_employer=TGS, https://globalphilanthropyproject.org/about-us/gpp-members/wellspring/, https://funderscommittee.org/about/#member-organizations, https://www.influencewatch.org/app/uploads/2019/08/Funders-Committee.-Members-and-Staff.-08.2019.pdf, https://www.influencewatch.org/app/uploads/2019/08/Cert-of-Incorporation.-Wellspring-Philanthropic-Fund.-08.2019.pdf, https://www.njportal.com/DOR/businessrecords/EntityDocs/BusinessCopies.aspx, https://littlesis.org/person/153349-C_Frederick_Taylor, https://www.bloomberg.com/news/articles/2014-05-08/three-mysterious-philanthropists-fund-fourth-largest-u-dot-s-dot-charity#p1, https://www.fec.gov/data/receipts/individual-contributions/?min_date=01%2F01%2F2010&max_date=12%2F31%2F2020&contributor_name=Shechtel%2C+Andrew, https://www.theglobeandmail.com/life/health-and-fitness/health/a-drug-to-treat-huntingtons-is-closer-than-everbut-those-who-need-it-most-remain-cautious/article25797238/, https://projects.propublica.org/nonprofits/display_990/223692921/2016_10_PF%2F22-3692921_990PF_201511, https://nonprofitquarterly.org/when-anonymous-people-dominate-billions-in-tax-exempt-resources/, https://pdf.guidestar.org/PDF_Images/2017/223/692/2017-223692921-0fe51357-F.pdf, https://www.fsmonline.org/news/the-heartland-fund-launches-its-first-round-of-grants/, https://www.ppic.org/support-ppic/contributors/, https://www.influencewatch.org/app/uploads/2019/08/Public-Policy-Institute-of-CA-Contributors.-08.2019.pdf, https://www.influencewatch.org/app/uploads/2019/08/Vaid-Group-Our-Work.-08.2019.pdf, https://www.globalpartnership.org/blog/how-can-philanthropic-foundations-help-address-learning-crisis, https://static1.squarespace.com/static/521b8763e4b03dae28cd3e72/t/5af5ee32575d1fa5fe83ad07/1526066739006/PSFG+Annual+Meeting+2018.pdf, https://www.influencewatch.org/app/uploads/2019/08/Peace-and-Security-Funders-Group-2018-Annual-Meeting.-08.2019.pdf, https://corponline.dcra.dc.gov/Account.aspx/LogOn?ReturnUrl=%2fHome.aspx, https://www.influencewatch.org/app/uploads/2019/08/Wellspring-Phil-Fund-Governors.-08.2019.png, https://littlesis.org/person/153358/W_Myles_Taylor, https://princetoninfo.com/princeton-newports-secretive-successor/, https://princetoninfo.com/it-pays-to-know-your-uber-rich-neighbors/, https://law.rutgers.edu/directory/view/allenlev, https://relationshipscience.com/person/allen-b-levithan-26957255, https://www.dechert.com/people/m/george-mazin.html, https://www.lowenstein.com/people/attorneys/kenneth-slutsky, https://www.influencewatch.org/app/uploads/2019/08/Wellspring-Philanthropic-Fund-2017-Form-990.pdf, https://www.lowenstein.com/people/attorneys/john-berger, https://www.linkedin.com/in/adam-barber-a970894/, https://www.linkedin.com/company/wellspring-advisors/people/, https://www.influencewatch.org/app/uploads/2019/08/Wellspring-Phil-Fund-LinkedIn-Staff.-08.2019.png, https://www.hrfn.org/wp-content/uploads/2019/05/2019_042219_-GMI_NY.pdf, https://www.influencewatch.org/app/uploads/2019/08/Wellspring-Philanthropic-Fund-Internship-Description.-08.2019.pdf, https://www.linkedin.com/in/ilona-prucha-09468527/, https://www.linkedin.com/in/laura-katzive-41aa43ab/, https://www.linkedin.com/in/cassandra-mckee-6a85a31/, https://www.influencewatch.org/app/uploads/2019/08/SAGE-Fund-Who-We-Are.-08.2019.pdf, https://lgbtfunders.org/about/board-staff/, https://www.jewishpartnership.us/selah_alumni, https://www.linkedin.com/in/joyce-malombe-3919784/, https://www.opensocietyfoundations.org/who-we-are/boards/education-support-program-advisory-board, American Constitution Society for Law and Policy (Non-profit), Astraea Lesbian Foundation for Justice (Non-profit), Ballot Initiative Strategy Center Foundation (Non-profit), Alliance for Youth Organizing (Non-profit), California Calls Education Fund (Non-profit), Center for American Progress (CAP) (Non-profit), Center for Community Change (CCC) (Non-profit), Center for Constitutional Rights (CCR) (Non-profit), Center for Health and Gender Equity (CHANGE) (Non-profit), Center for Law and Social Policy (CLASP) (Non-profit), Center for Popular Democracy (CPD) (Non-profit), Citizens for Responsibility and Ethics in Washington (CREW) (Non-profit), Colorado Civic Engagement Roundtable (Non-profit), Colorofchange.org Education Fund (Non-profit), Commonwealth Institute for Fiscal Analysis (Non-profit), EarthRights International (ERI) (Non-profit), Environmental Defender Law Center (Non-profit), Every Child Matters Education Fund (Non-profit), Fidelity Investments Charitable Gift Fund (Non-profit), LGBTQ Victory Institute (Political Party/527), Government Accountability Project (GAP) (Non-profit), Gynuity Health Projects (Gynuity Institute) (Non-profit), Highlander Research and Education Center (Non-profit), Institute for Nonprofit News (Non-profit), National Domestic Workers Alliance (NDWA) (Non-profit), National Latina Institute for Reproductive Health (Non-profit), Philanthropy Advancing Womens Human Rights (PAWHR) (Non-profit), Planned Parenthood Federation of America (PPFA) (Non-profit), Political Research Associates (PRA) (Non-profit), Population Action International (PAI) (Non-profit), Project On Government Oversight (POGO) (Non-profit), Protect Democracy Project (PDP) (Non-profit), Public Employees for Environmental Responsibility (Non-profit), SPARK Reproductive Justice NOW (Non-profit), Vanguard Charitable Endowment Program (Non-profit), American Constitution Society for Law and Policy, Ballot Initiative Strategy Center Foundation, Center for Health and Gender Equity (CHANGE), Citizens for Responsibility and Ethics in Washington (CREW), Commonwealth Institute for Fiscal Analysis, National Domestic Workers Alliance (NDWA), National Latina Institute for Reproductive Health, Planned Parenthood Federation of America (PPFA), Public Employees for Environmental Responsibility Inc. Demos received two grants totaling $450,000 for a freedom to vote elections systems reform project and general operating support. Wellspring grounds their work in their respect for the inherent worth and dignity of every person, and prioritizes the advancement of racial, gender, and economic justice across all our programs. Nonprofit Quarterly also explained that that the founders have generally promoted greater deductions for donors to specific causes, such as programs targeting rare diseases. [29], IRS records representing most of 2001 through most of 2017 (available here) filed by the Wellspring Philanthropic Fund (previously the Matan BSeter Foundation) show all new money put into the fund coming from five corporate sources: Twenty-One Holdings, Rubik Enterprises, BLTN Holdings, Shackleton Company and MBS Funding. xXn8}7SA1-%(4mvAQA*J;C;] [11] In January 2018, Wellspring Advisors became an arm of the Wellspring Philanthropic Fund. Accessed August 20, 2019. Wellspring Philanthropic Fund seeks a Program Officer to join its Global Children's Rights Program (GCR). D/QkB/\xC+Lv f6#VUj2[DaKM:K1MG1!ak5L^0t`)Z. Matan BSeter Foundation (Wellspring Philanthropic Fund). 2013 IRS Form 990. Using a sophisticated network of for-profits, shell corporations, and consultancies, Wellspring has poured out an incredible $1.1 billion into nonprofits, most of which is hidden from prying eyes in donor-advised funds. Accessed August 28, 2019. Schedule A, Part VIII (Officers, Directors, Trustees, etc.). Accessed July 22, 2019. [72], As of August 2019, Wellspring Philanthropic Fund has approximately 68 staffers, advisers, and consultants. 20012017. Selah Alumni. Bend the Arc. June 5, 2017. The two men are brothers, according to online reports, and Wellsprings website claims they founded the group. Biden and Activist Allies Push Taxpayer-Funded Voter Registration on College Campuses, Eyes off the Prize: Episode 2 of Showtimes, Big Green in the White Houseand the States. Wellspring Philanthropic: An Ocean of Dark Money on the Left (full series), From the Fountainhead | The Heart of Dark Money Health Information Management Coordinator, Director of Community and Provider Relations, Director of Admissions and Continued Care, General Inquiries and Outpatient Services, Wellsprings Adult Residential Treatment Program Angelus House, Peter Caswell joins Wellsprings Arch Bridge School. Matan BSeter Foundation (Wellspring Philanthropic Fund). Accessed August 15, 2019. Andrew Shechtel is an alumnus of Johns Hopkins University and graduated with a degree in math and political economy at the age of 19. 2003 IRS Form 990. [73] Employee profiles strongly suggest that Wellspring Philanthropic Fund, the foundation, shares staffers with its associated for-profit consulting firm, Wellspring Advisors. 2016 IRS Form 990. Wellspring Philanthropic Fund Overview Work Here? Donate today to assist in promoting the principles of individual liberty in America. [7] [8], The individual hedge fund billionaire most closely affiliated with the Wellspring/Matan BSeter arm of the network is C. Frederick Taylor, a committed donor to Democratic politicians and causes. 2008 IRS Form 990. Hayden Ludwig is a Senior Investigative Researcher at Capital Research Center. All accessed July 22, 2019. https://projects.propublica.org/nonprofits/organizations/223692921 ^, See text beneath Philanthropy Advancing Womens Human Rights (PAWHR). ^. Accessed August 20, 2019. About Wellspring Philanthropic Fund. Accessed August 20, 2019. Original URL: Return of Organization Exempt from Income Tax (Form 990). Wellspring Philanthropic Fund. Claim your Free Employer Profile Website: www.wpfund.org Headquarters: New York, NY Size: 1 to 50 Employees Type: Company - Private Industry: Grantmaking & Charitable Foundations Revenue: $1 to $5 million (USD) Competitors: Unknown Wellspring Philanthropic Fund Reviews 4.1 75 % Copyright 2022 Capital Research Center. [21] The most active reported funding role by him in the philanthropic network was as a major supporter of medical research aimed at a cure for Huntingtons disease. <> We're Hiring. [67], Slutsky is a New Jersey-based partner with Lowenstein Sandler, a law firm that filed Wellsprings initial articles of incorporation. 2009 IRS Form 990. Terms of Service | Privacy Policy | 2019 Philanthropy New York, All Rights Reserved 320 East 43rd Street New York, NY 10017 Tel: 212-714-0699 Fax: 212-239-2075 Myles Taylor. LittleSis. 6v/::= [35] Its also a grantor to the left-leaning Public Policy of California (PPIC); Wellspring co-funded the groups Research Collaborative Fund alongside Pierre Omidyars Democracy Fund and the Ford Foundation. [48], The anticipated contribution from Wellspring Advisors to the project is listed at $10 million. Schedule A, Part I, Line 13. July 15, 2015. Wellspring has offices in New York, NY, and Washington, DC. Shaping lives through inspired giving. Accessed July 18, 2019. Fox is a board member for Funders for Lesbian and Gay Issues, a left-wing grantmaking group. All rights reserved. Accessed July 22, 2019. Wellspring is listed as a founding grantor to the Heartland Fund, an environmentalist donors collaborative and a project of the Windward Fund (managed by the for-profit consultancy Arabella Advisors). Original URL: W. 101-250. Wellspring Philanthropic Fund | Grants Management Internship 2019. Wellspring Philanthropic Fund. The memo also reports on a 2011 collaboration between OSF and Wellspring involving highest quality voter lists that had achieved a tremendous, positive impact in the realm of voter engagement, voter registration, and getting out the vote in the all-important 2012 election. [49], The involvement of Wellspring (a.k.a. [78], Lesley Carson is director of Wellsprings International Human Rights Program. Matan BSeter Foundation (Wellspring Philanthropic Fund). [17] Sometime in or around 2000 they created what Philanthropy News Digest characterized as a byzantine network involving layers of company subsidiaries in various states which allowed them to disguise their donations and avoid almost all public scrutiny of their activities. [18], The network and its donors remained mostly hidden from public view until exposed by a May 2014 Bloomberg Businessweek report: The $13 Billion Mystery Angels. [19] At the time of this report the total assets of the philanthropic entities within the network (of which Matan BSeter was one arm) was valued at $9.7 billion. [71], Adam Barber was controller of Wellspring Advisors, the for-profit firm associated with the foundation, from 2010 to 2017. We love that you love our content! Accessed August 20, 2019. Accessed August 28, 2019. Capital Research Center (CRC) was established in 1984 to promote a better understanding of charity and philanthropy. Wellspring Advisors | Dredging the Wellspring. We value those who trust our stewardship to make a difference in lives of others. In the conclusion of Wellspring Philanthropic, see how all these pieces are connected. Original URL: Ilona Prucha. LinkedIn. However, subsequent and specific late-2016 and 2017 grants reported by Wellspring to the IRS reveal millions of dollars donated to left-of-center advocacy organizations for voter engagement and related areas. Wellspring [Advisors] administers the foundations grantmaking program and interfaces with the foundations donor-advised fund grantees . Wellspring Philanthropic Fund, Inc. is in the industry of Social Advocacy Organizations. keC !QOx8c (eL B@<0"`iYl\e-L'IN0q:Wx5a%T/c3 Wellsprings website lists John Taylor as president of the foundation and managing partner of Wellspring Advisors. Ghermezian, Shiryn. When Anonymous People Dominate Billions in Tax-Exempt Resources. Nonprofit Quarterly. Wellspring and the Arch Bridge School are accredited by The Joint Commission and NEASC, are licensed by the State of Connecticut and approved by the states of New York, New Jersey and Massachusetts. Turnover in recent years has been too high for such a small staff. 2018 Annual Meeting. Peace and Security Funders Group. Copyright 2022 InfluenceWatch. The final recipients for $795 million (88.3 percent) of this funding are not known; through 2015, Wellspring gave nearly all annual grants to two of the nations largest donor-advised fund providers that are not required to disclose how individual donors direct them to give the money away. Matan BSeter Foundation (Wellspring Philanthropic Fund). The Wellspring Philanthropic Fund is a near-bottomless pit of dark moneyanonymous spending to achieve political endsfed by a handful of mysterious hedge fund billionaires. Notification. 2004 IRS Form 990. [59] The five partners of Princeton-Newport Partners were indicted on racketeering and tax-fraud charges, but all charges were eventually dropped. Matan BSeter Foundation (Wellspring Philanthropic Fund). Accessed July 22, 2019. Ana Morales: Building on her Family Legacy with Philanthropy in Mexico. Who We Are. Sage Fund. Archived here: Business Entity Documents. State of New Jersey Division of Revenue and Enterprise Services: Business Records Service (Wellspring Philanthropic Fund, Inc.).

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