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New this weekend — San Francisco is once again fighting over billionaires’ philanthropic power. Here’s the story of how a $25 million donation to help students got ensnared in local politics. It’s a doozy.https://www.vox.com/recode/2021/3/27/22351181/san-francisco-philanthropy-summer-school-crankstart …
In December, San Francisco condemned the naming of a hospital after Mark Zuckerberg, who gave it $75 million. Now, one San Francisco lawmaker has temporarily derailed a proposal that includes a $25 million donation to bring summer school to 20,000 kids.https://www.vox.com/recode/2021/3/27/22351181/san-francisco-philanthropy-summer-school-crankstart …
Mike Moritz, the Sequoia billionaire who donated $25 million and helped broker the summer school arrangement, told Recode that he was trying to help local schoolchildren “and nothing beyond that.”https://www.vox.com/recode/2021/3/27/22351181/san-francisco-philanthropy-summer-school-crankstart …
Supervisor @HillaryRonen is concerned that the group helping with San Francisco’s summer program, @WeAreTogetherSF, has a political agenda.
One thing that bothers her is that the group is NOT a 501c3 but a 501c4, or technically a lobbying/advocacy group.https://www.vox.com/recode/2021/3/27/22351181/san-francisco-philanthropy-summer-school-crankstart …
>@HillaryRonen:
“If their investments is free and clear, and don’t involve a political agenda — fantastic, that’s very generous and wonderful.”
“But if they involve an agenda, no thanks. We don’t want your investment. You have enough power as it is.”https://www.vox.com/recode/2021/3/27/22351181/san-francisco-philanthropy-summer-school-crankstart …
One thing that DOES raise eyebrows.
In January, @kate_selig reported that a new affiliated SF news outlet, @HereSayMedia, was unusually a 501c4 and wouldn’t disclose its donors.
Here/Say only disclosed that Crankstart was funding them the day before the SF schools announcement.pic.twitter.com/kOIGHLpXd4
As @kate_selig reports in her great story, it is unusual for a news publication to be a 501c4, a designation used for political operations and lobbying.
Here/Say disclosed its donors on March 9. San Francisco announced the summer program on March 10.https://missionlocal.org/2021/01/who-is-funding-here-say-media-the-founders-refuse-to-say/ …
I asked Michael Moritz if he thought the backlash in San Francisco to billionaire philanthropy would dissuade people from giving. “We live in a bit of a political cauldron, and so you know it’s just part of life.” “It certainly won’t deter us.”https://www.vox.com/recode/2021/3/27/22351181/san-francisco-philanthropy-summer-school-crankstart …
Add this to the growing pile of evidence that SF’s Board of Supervisors is batshit crazy
Send the money back then
Let’s just take politicians out of the equation! Too tired of waiting for them to do the right thing
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