"Opaque funds are masking donations to political causes."
"A UK charity that portrays itself as a climate leader facilitated a £830,000 donation to the Mercatus Center, a conservative think tank heavily funded by U.S. oil billionaire Charles Koch, DeSmog can reveal.
The London-based Founders Pledge channels donations from entrepreneurs to charities – empowering business leaders “to do immense good”, according to its website.
This includes giving money to climate causes. The Founders Pledge runs a Climate Fund that claims to “find and fund impactful, neglected climate solutions” – having distributed almost $36 million from over 5,000 donors.
Donor Advised Funds (DAFs) like the one sponsored by the Founders Pledge allow wealthy individuals to anonymously distribute money and other assets. Research shows that DAFs are increasingly being used to funnel money to reactionary causes – including in the UK."
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