“Can anyone explain,” mused the always engaging Gravity Payments CEO Dan Price earlier this month, “why a billionaire who takes advantage of the system to exploit other people is called an ‘oligarch’ in Russia and a ‘job creator’ in America?”
A valid question to pose, given how our own economic arrangements so often encourage the same oligarchic behaviors we regularly denounce!
This week Chuck is down at the huge SXSW gathering in Austin, Texas, sharing new analysis that explores our domestic oligarchic connections.
Working with the Anti-Corruption Data Collective, we’ve just published new research on how Russian oligarchs are funneling funds to U.S. charities. These oligarchs, including several kleptocrats suspected of interfering in the politics of other nations, have donated hundreds of millions. Some even serve on U.S. charity boards.
Investigations like this highlight the urgent need for changing how our charitable institutions oversee their donations — and how our government oversees our charitable institutions. For more info on how we could accomplish all this, check out our Charitable Giving Reform Initiative.
Chuck Collins and Rebekah Entralgo,
for the Institute for Policy Studies Inequality.org team