February 17, 2012
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.
They also include the anti-George W. Bush organization MoveOn.org ($50,000), the Barbra Streisand Foundation ($85,000), the kids’ shoes-powered Stride Rite Charitable Foundation ($25,000), the Lear Family Foundation ($55,000) — endowed by the TV producer and People for the American Way founder Norman Lear — and the Joyce Foundation ($400,000), whose board of directors included Barack Obama from 1994 to 2002.
This article was posted: Friday, February 17, 2012 at 4:54 am