Senate Majority Leader Bill Frist's AIDS charity paid nearly a half-million dollars in consulting fees to members of his political inner circle, according to tax returns providing the first financial accounting of the presidential hopeful's nonprofit.The article goes into a lot more depth, and it begins to look like a Rube Goldberg device of fundraising: much more like an incredibly elaborate scheme via which to launder money than a genuine fundraising effort.
The returns for World of Hope Inc., obtained by The Associated Press, also show the charity raised the lion's share of its $4.4 million from just 18 sources. They gave between $97,950 and $267,735 each to help fund Frist's efforts to fight AIDS.
The tax forms, filed nine months after they were first due, do not identify the 18 major donors by name.
Frist's lawyer, Alex Vogel, said Friday that he would not give their names because tax law does not require their public disclosure. Frist's office provided a list of 96 donors who were supportive of the charity, but did not say how much each contributed.
The donors included several corporations with frequent business before Congress, such as insurer Blue Cross/Blue Shield, manufacturer 3M, drug maker Eli Lilly and the Goldman Sachs investment firm.
World of Hope gave $3 million it raised to charitable AIDS causes, such as Africare and evangelical Christian groups with ties to Republicans — Franklin Graham's Samaritan Purse and the Rev. Luis Cortes' Esperanza USA, for example.
Sunday, December 18
The Tom Delay School of Fundraising
According to this Associated Press piece, Frist's own charity was used to pay consultants in his inner circle: