So Big Business Funds Only the Right, eh? [Iain Murray]
That?s not what David Hogberg and Sarah Haney found when they looked at the donation history of the charitable arms of Fortune 100 companies. Dividing the recipients between ideological left and right, they found that in the last tax year available (2004 in most cases), the left received a whopping $59 million compared to the right?s $4 million. Even taking aside Goldman Sachs? huge $35 million gift to the mildly liberal Wildlife Conservation Society (which still demands taxpayer support of $5 million for its Bronx Zoo), the left still outpaced the right by 6 to 1. Hogberg and Haney comment:
[i] If the Fortune 100 represents corporate America, then the belief that corporate America is more generous to public interest and advocacy groups on the right is clearly wrong. Unfortunately, that misperception is embedded in American consciousness. How often are groups on the left derided as “corporate lackeys”?
Will the pattern change? Corporate foundations could make a start by better monitoring their matching grants. But real change requires that they commit themselves to free-market principles that are the basis for the liberty that lets enterprise grow and prosper. If corporations use their foundations to stifle competition and buy off opponents, there is little hope that they will be bulwarks of freedom?no matter what liberal commentators believe.[/i]
The full details are here: http://www.humanevents.com/article.php?id=16588