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Friday, February 17, 2012

Left-Wing Foundations Lavish Millions on Media Matters

By Rick Pearcey • February 17, 2012, 08:40 AM

David Martosko writes at The Daily Caller:

Relying on tax returns and websites of wealthy U.S. foundations, a Daily Caller investigation has revealed the sources of more than $28.8 million in funding collected by the liberal Media Matters for America since 2003, the year before its formal incorporation. That sum represents 54 percent of every dollar the organization has raised in its history, making Media Matters a principally foundation-driven -- not citizen-supported -- activist group.

The list of Media Matters’ foundation funders, 120 in all, reads like a Who’s Who of the American progressive movement, including the far-left Tides Foundation ($4,384,702), George Soros’ Open Society Institutes ($1,075,000), the Ford Foundation ($966,466), the Sandler Foundation ($400,000) -- endowed by subprime mortgage lenders Herb and Marion Sandler, who once bankrolled the embattled ACORN organization -- and the Schumann Fund for Media and Democracy ($600,000), managed by longtime PBS host Bill Moyers and his son.