You’re a man who serves as Chairman of the Board of a large University who led the search for the recently hired president.
Your wife runs a non-profit in the DEI space. She is the only full-time employee of the organization, serving as Founder, CEO, and CFO. You serve as Treasurer. The non-profit ostensibly sells two principal products in the DEI space:
1. “Evidence-based ‘how-to-guides’ and
2. “The most comprehensive intersectional analytics platform of its kind…”but the non-profit has no revenues. It relies entirely on contributions to fund its operations, which principally consist of your wife’s salary and some other ancillary overhead.
There have been only two contributors to the non-profit, the University whose board you chair, which has contributed:
2018 $100,000
2019 $300,000
2020 $150,000
2021 $600,000
2022 $789,000
its a money laundering scheme like WE charities.
people go on vacation , work one day . vacation for two weeks and write it off.
I am beginning to believe the old saying ” if you go to university you come out with a degree in basket weaving and mud pie making”. This is an expression from the 60″s, seems to hold water even today. Steve O
Steve O
Well you may need a basket to carry all your ill gotten $$$$$$$.
LIBERAL FINANCIAL ESCAPADES
The Diversity-Industrial Complex.
Why would this surprise anyone? Why?
This exists for the same reason the Climate-Industrial Complex exists; and for the umpteenth time, never forget the lessons of Solyndra and Proterra.
Nice work if you can get it. Where do I sign up?
As one who spent about five years in a fund raising enterprise it always amazed me how the words non profit were used. As far as I am concerned your salary is profit and you pay taxes on it. Non profit scams are everywhere these days.
“Non profit scams are everywhere these days.”
Now days we call them gubberment!
Just look at the groups who care for the illegals in the USA. It’s nuts!
You mean the cartels? You can’t tell me that the NGOs and government officials aren’t hip deep in funding by the human trafficking and drug trafficking cartels.
It would be stunning to learn that there is NOT a numbered account in the Cayman’s containing funds kicked back to the Biden family by the cartels.
And here I thought the Marxists were just LOOTING our taxpayer remittances at the State and National level. But now I learn they’re LOOTING our Colleges too? What happens when the money is all gone? Bloody Revolution in the streets.
Just like the Biden crime family. Nothing to see here, peasants. Move along.
Isn’t this a page out of the bernie sanders playbook?
“Why would the Chairman waste the board’s time and risk his and MIT’s reputation to make these investments in the first place?”
I bet a forensic audit of Mr. Chairman’s bank account might reveal why. Sure there is money to be made from this scam but it’s the surreptitious promotion of the cancerous, destabilizing, agenda of DEI that should be the focus here. It’s an organized, not organic, strategy being forced into every public sphere. Who, what, is driving this?
Perhaps MIT doesn’t have a large enough Humanities component to match the other “academic” institutions in cultural Marxism and post modern nihilism. Call it a little (incest is best) progressive outsourcing. Isn’t that what today’s universities are for today. I can almost hear that discussion in the boardroom.
Bill Ackman is naming names, he must be really pissed. And he knows the names.
Bill Ackman has outlined the ‘What’.
The next obvious question is “Why?”
Why did the board approve these donations?
Why would the board that governs a University approve giving other people’s money to the chairman’s wife’s non-profit money pit – one step removed from going into the chairman and his wife’s joint bank account – unless the chairman was giving other board members something in return? Odds favour there being more to this story that makes it considerably worse than it already looks.
Gorenberg. I wonder if he’s prepared to DEI himself out of a job?
Good investigative research by Mr. Ackman’s staff. Note that, as universities more and more gravitate to uniform groupthink, they become more corrupt in the process. The groupthink
leads to a lack of transparency at best, and money laundering at its worst. There is a lot of graft in the DIE industry out there.