Scaife Foundations

From SourceWatch
Revision as of 01:42, 5 August 2011 by Ahaynes (talk | contribs) (SW: →‎Sarah Mellon Scaife Foundation: markup; SMS -> SS)
Jump to navigation Jump to search

The Scaife Foundations consist of the:

  • Sarah Scaife Foundation ( $244 million in 2009) [1]
  • Carthage Foundation ( $24 million' in 2009) [2]
  • Allegheny Foundation ( $47 million in 2009) [3]
  • Scaife Family Foundation ( $70 million in 2009) [4]

All four have been heavily involved in financing conservative causes under the direction of reclusive billionaire Richard Mellon Scaife, whose wealth was inherited from the Mellon industrial, oil, uranium and banking fortune.

Source of Mellon fortune

The Mellon fortune is built on at least 5 pillars; the family's ownership of Gulf Oil Corporation, the family's monopoly ownership of Alcoa and Alcan going back to 1891, ownership of Koppers and Carborundum corporations, and their participation in the uranium cartel.

The foundations

Allegheny Foundation

In 2009, with $28,045,655 in assets, it gave out grants worth over $4 million, including $1.7 million to the American Legislative Exchange Council.[1]

Carthage Foundation

?

Sarah Scaife Foundation

The Sarah Scaife Foundation is also known as the Sarah Mellon Scaife Foundation.

1973, Scaife became chairman, commenced right wing funding

The Foundation commenced funding "New Right" causes in 1973 when Richard Mellon Scaife became the foundation's chairman. During the 1960s, Richard inherited an estimated $200 million from his mother, Sarah. 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 agoTemplate:Date, the Sarah Scaife Foundation was estimated to be worth $200 million.

Grants from 1985-2001

Between 1985 and 2001, the Sarah Scaife Foundation donated $15,860,000 to the Heritage Foundation; $7,333,000 to the Institute for Policy Analysis; $6,995,500 to the Hoover Institution on War, Revolution and Peace; $6,693,000 to the Center for Strategic and International Studies (CSIS); $4,411,000 to the American Enterprise Institute; $2,575,000 to the Manhattan Institute for Policy Research; $1,855,000 to the George C. Marshall Institute; $1,808,000 to the Hudson Institute; and $1,697,000 to the Cato Institute.

Scaife Family Foundation

SF fndn grants from 1985-2001

For the years 1985-2001, the Scaife Family Foundation donated $702,640 to the Heritage Foundation; $590,000 to the American Enterprise Institute; $275,000 to the Paul H. Nitze School of Advanced International Studies (SAIS) at Johns Hopkins University; $200,000 to the CSIS; and $175,000 to the New Citizenship Project, Inc., alone.

Transition to daughter's control shifted focus

RecentlyTemplate:Date, however, the Scaife Family Foundation came under the control of Scaife's daughter Jennie and has changed focus. It continues to give some money to conservative causes, but most of its funding now goes to nonpolitical projects such as medical programs, treatment for substance abuse (a problem for several family members) and animal welfare. Jennie Scaife said that her father doesn't support her spending hundreds of thousands of dollars on Planned Parenthood, which supports abortion rights. However, the Charlotte Observer reported in July 2003 that Scaife donated money to Children Requiring A Caring Community, which pays poor women, especially those addicted to drugs, either to be sterilized or to undergo long-term birth control. [5]

RM Scaife prefers privacy

(this section should be moved to RMS's page) Although Scaife has dedicated vast sums of money to influencing the way the public thinks, he prefers to operate behind the scenes, granting few interviews. When former Wall Street Journal reporter Karen Rothmyer attempted to interview him in 1981, he responded by calling her a "fucking Communist cunt" and telling her to "get out of here."

Financial summary

In 1993 alone, the Scaife and Carthage foundations donated more than $17.6 million to conservative think tanks.

Scaife's foundations' grants by 1999

By 1999, the Washington Post reported that Scaife's foundations had given $340 million to conservative causes and institutions.[6] By 2002, they held more than $320 million in assets, and in that year alone they gave away more than $22 million.[7][8][9] Grant recipients included:

Contact information

Scaife Foundations
One Oxford Center
301 Grant Street, Suite 3900
Pittsburgh, PA 15219-6401
Phone: (412) 392-2900
Web: http://www.scaife.com

Articles and resources

References

  1. ↑ Allegheny Foundation. Media Matters Action Network. Retrieved on 2011-04-25.

Related SourceWatch articles

External resources

External articles

Retrieved from "https://www.sourcewatch.org/index.php?title=Scaife_Foundations&oldid=531992"