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Scaife Foundations

546 bytes added, 05:40, 31 May 2013
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All of these foundations have been heavily involved in financing various conservative causes.
==The Scaife foundations==
 
The Scaife family’s foundations, set up by Richard Scaife’s mother, Sarah, were relatively apolitical until her death in 1965, "when Richard assumed greater control of the family fortune and was able to direct his wealth toward the growth of a conservative infrastructure."<ref name="bpsf">''Bridge Project'' profile on: [http://bridgeproject.com/?organization&id=253673 "Sarah Scaife Foundation"], organizational website, accessed May 2013</ref> By 1976, over half of the Scaife foundations’ grant money went to conservative organizations and causes.
===Allegheny Foundation===
===Carthage Foundation===
===Sara Sarah Scaife Foundation===
====1973: Scaife became chairman, commenced right wing funding====During the 1960s, Richard inherited an estimated $200 million from his mother, Sarah.{{fact}} The Foundation commenced funding "[[New Right]]" causes in 1973 when Richard Mellon Scaife became the foundation's chairman.{{fact}} During the 1960s, Richard inherited an estimated $200 million from his mother, Sarah.{{fact}} His net personal worth was estimated at $800 million by ''Forbes'' magazine, which would make Richard the 38th richest person in the United States. Richard controls the Scaife, Carthage, and Alleghany foundations.
Some years ago, the Sarah Scaife Foundation was estimated to be worth $200 million{{fact}}.
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