How Did Charles Koch Make His Money

How the Koch Brothers Are Influencing U. Professor Pearl Wang, Associate Chair of the Computer Science department at George Mason University, speaks with Khadija Allotey, 22, a transfer student from Strayer University, during an orientation session. The Koch brothers are supersizing their already hefty investments into college students’ hearts and minds. 2014, according to a Center for Public Integrity analysis of tax documents recently filed with the Internal Revenue How Did Charles Koch Make His Money. 3 million the Charles Koch Foundation and Fred C.

7 million they spent in 2012. The Brief Newsletter Sign up to receive the top stories you need to know right now. Meanwhile, private foundations led by liberal political bankroller George Soros — the Kochs’ de facto Democratic foil who also heavily funds higher education — spent slightly more money on a smaller number colleges and universities than the Koch foundations did during 2014. The most notable difference: While some of Soros’ higher education grants go to programs aligning with his domestic policy priorities, the majority are focused overseas, tax records show. Almost all of the higher education programs the Koch foundations fund cleave to the brothers’ philosophy of promoting free markets and laissez-faire capitalism in the United States. The vast number of agreements between wealthy donors and the college and universities they fund are never made public, so it’s impossible to comprehensively assess the conditions attached by such benefactors. George Mason University, a public school in Northern Virginia about 15 miles from Washington, D. 8 million — the majority of the money Koch foundations last year directed at higher education in 2014, and by far the most of any recipient.

Charles Koch has long maintained close personal and financial ties to the university, which hosts a pair of research centers specializing in free market economics and individual liberty: the Mercatus Center and Institute for Humane Studies. The Catholic University of America in Washington, D. Troy University in Alabama and Indiana University. Charles Koch Foundation spokesperson Trice Jacobson wrote in a statement. Our giving has expanded to support new research and programs on critical issues ranging from criminal justice reform to corporate welfare. Beyond sheer dollars, the Koch foundations are also giving money to more U.

How Did Charles Koch Make His Money

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How Did Charles Koch Make His Money

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That’s up from 210 schools in 2013 and 163 schools in 2012. In all, 41 states and the District of Columbia house at least one college or university that received Koch foundation funding during 2014. That represents a modest dip from 2013, when schools in 46 states and the District of Columbia got Koch foundation cash. In addition to direct college funding, the Charles Koch Foundation and Fred C. 4,000 each — to college students, tax records show. The Charles Koch Foundation in 2014 also spread several million dollars more among various think tanks, educational centers and media organizations. In contrast to the Koch foundations, Soros’ cash typically went to foreign schools, U.

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How Did Charles Koch Make His Money

Take Bard College, a tiny school along New York’s Hudson River that Soros foundations last year gave more cash than any other. 1 million specifically helped fund the school’s international programs. 200,000 to support programs improving medical and public health systems in Myanmar, while Georgetown University in Washington, D. 100,000 to host Guatemala’s former attorney general as a visiting scholar at the school’s Institute for Women, Peace and Security. Some of Soros’ domestic contributions are, however, directed at interests here at home. 100,000 Soros’ Open Society Institute gave Wesleyan University in Connecticut to fund military veteran scholarships. But some contributions closely align with Soros’ domestic political and policy leanings, such as campaign finance regulation.

Jonathan Kaplan said in a statement. We do not compete with or judge what other philanthropies do with their resources. The Center for Public Integrity receives funding from the Open Society Foundations, which Soros funds. A complete list of Center for Public Integrity funders is found here. 750 million during the 2016 election cycle. 7 million in its account, according to federal tax records.

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There are a few schools, however, that are no longer interested in getting a piece of that money. The University of Dayton in Ohio confirmed to the Center for Public Integrity that it is no longer accepting Koch-connected money. And earlier this month, Suffolk University in Massachusetts split with the Beacon Hill Institute, a conservative think tank it helped fund — along with the Charles Koch Foundation. They did at Western Carolina University in North Carolina, where numerous faculty members fought against the school creating a center for free enterprise that’s slated to receive Charles Koch Foundation support. The Koch foundations aren’t likely to submit tax returns covering their 2015 contributions until November 2016.

4 million among 11 schools, booking those payments in 2015. 54 million over three years to support the Institute of Political Economy in the university’s Jon M. This story is from the Center for Public Integrity, a nonprofit, nonpartisan investigative media organization in Washington, D. Read more of its investigations on the influence of money in politics or follow it on Twitter.

TIME may receive compensation for some links to products and services on this website. Offers may be subject to change without notice. Enter the characters you see below Sorry, we just need to make sure you’re not a robot. American businessman, political donor and philanthropist.

Koch Industries is the second-largest privately held company by revenue in the United States according to a 2010 Forbes survey. Koch supports a number of free market-oriented educational organizations, including the Institute for Humane Studies, the Ayn Rand Institute, and the Mercatus Center at George Mason University. In an interview with Warren Cassell Jr. February 2016, Koch explained that as a child he did not live a privileged lifestyle despite growing up in a wealthy family. Koch said, “My father wanted me to work as if I was the poorest person in the world. Koch has been a director of Entrust Financial Corp. 1982 and director of Koch Industries Inc.

He is director of resin and fiber company Invista and director of Georgia-Pacific LLC, paper and pulp products. Charles Koch is a classical liberal and has formerly identified as a libertarian. Koch disdains “big government” and the “political class. Government spending on business only aggravates the problem. Crony capitalism is much easier than competing in an open market.

His opposition to corporate welfare includes lobbying for the end to ethanol subsidies despite the fact that Koch Industries is a major ethanol producer. He is quoted as saying: “The first thing we’ve got to get rid of is business welfare and entitlements. We needed to be uncompromising , to expect 100 percent of our employees to comply 100 percent of the time with complex and ever-changing government mandates. Striving to comply with every law does not mean agreeing with every law.