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CNN CNN Newsroom With Jim Acosta June 4, 2024 21:47:00

Donation was meant to be kept secret, name and address withheld on the irs form, cnn has confirmed the source is 90-year-old businessman and philanthropist barry side who donated the stock of his entire company, the trip light company of chicago to marble freedom trust, which turned around and sold it for $1.6 billion. cnn has attempted to reach mr. side without response. his donation will leave behind a dark money political legacy that could last decades. already marble freedom trust has given more than $200 million to other causes, including 40 million to donors trust, which has doled out millions to conservative causes n. a statement to cnn, leonard leo said it s high time for the conservative movement to be among the ranks of george soros and other left wing philanthropists going toe to toe in the fight to defend our constitution and its ideals. and it also apparently is tax free, according to the tax experts we consulted. ....

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MSNBC All In With Chris Hayes June 4, 2024 07:45:00

That guy who is creating that pipeline now has 1. 6 billion dollars at his disposal to use however he likes. a reporter from new york times, one of the reporters who broke that story. he joins me lowe. can i read this story 2 to 3 times when it was published this morning. because i just never encountered anything like it. so just describe to us who donated this money. and how? yeah, it was a very unusual transaction, chris. the likes of which i had never seen in my years of covering money in politics. where in this donor, his name is barry side. he was the owner, complete owner, of a electrical device manufacturing company. he donated 100% of the shares of that company to a new nonprofit a dark money nonprofit that he set up to custody of the company, ....

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