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Scores Of Private Charitable Foundations Got Paycheck Protection Program Money

Updated at 12:21 p.m. ET
Scores of private charitable foundations, set up by some of the nation s wealthiest people, received money from the federal government s Paycheck Protection Program, which was created last spring to save jobs at small businesses as the coronavirus tanked the economy.
NPR has identified at least 120 foundations that collectively received more than $7.5 million in PPP funding. That s a small slice of the overall program, which disbursed about a half-trillion dollars, but some of the foundations are linked to individuals of considerable means: an oil magnate, a cable television tycoon, a dermatologist called the father of modern hair transplantation, and an aviation entrepreneur who founded companies with annual sales of more than a billion dollars. ....

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Scores Of Private Charitable Foundations Got Paycheck Protection Program Money – Nation & World News

Scores Of Private Charitable Foundations Got Paycheck Protection Program Money – Nation & World News
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Scores Of Private Charitable Foundations Got Paycheck Protection Program Money - NPR News

Koenig Private Foundation ($150,521)
Letters Foundation AKA Sunshine Lady Humanitarian Grants Program ($268,800)
Mission Increase Foundation ($277,320)
Niswonger Foundation ($200,529)
Peter and Elizabeth C. Tower Foundation ($154,800)
Piedmont Triad Charitable Foundation ($150,900)
Richard Diebenkorn Foundation ($157,380)
Robert Mapplethorpe Foundation ($103,200)
Walt Disney Family Foundation ($146,700)
Willard G. Pierce and Jessie M. Pierce Foundation ($156,400)
Some of the foundations contacted by NPR said the stock market plunge early this year caused their investment portfolios to decline, and they didn’t want to sell assets at a loss to cover budget shortfalls.
The Boston-based Letters Foundation, officially known as the Sunshine Lady Humanitarian Grants Program, falls in that category. It began as a sibling partnership between Warren Buffett and his late sister Doris: Strangers would often ask them for money, so Doris decided whi ....

Grand Valley , United States , Warren Buffett , Jeff Williams , Robert Mapplethorpe , Tyra Sidberry , Doris Buffett , Ray Madoff , Kirsten Komoroske , Alan Cantor , Garfield Foundation , Robert Mapplethorpe Foundation , Koenig Private Foundation , Letters Foundation , Orentreich Family Foundation , San Walt Disney Family Foundation , Dorothyd Brown Foundation , Jessiem Pierce Foundation , Piedmont Triad Charitable Foundation , Berkshire Hathaway , Ben Bronz Foundation , Interactivity Foundation , Sunshine Lady Foundation , Research Lab , Boston College Law School , Walt Disney Family Foundation ,