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J Street Raising Big Money, Disclosing Big Donors

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"J Street Raising Big Money, Disclosing Big Donors"

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Chris Good at the Atlantic writes about J Street’s fundraising success:

According to estimates provided to The Atlantic by Executive Director Jeremy Ben-Ami, the group has brought in a total of $11.2 million since its inception: $1.2 million in 2008, $3.3 million in 2009, and $5 million so far in 2010 to its nonprofits, plus $576,000 in political contributions in the 2008 election cycle and $1.1 million since then. The group expects to grow its budget to $7 million in 2011.

As with many issue organizations of its ilk, much of J Street’s funding is concealed: the J Street umbrella entails a 501(c)4 nonprofit organization, the funding for which is not publicly disclosed by the IRS, in addition to a 501(c)3 nonprofit, whose funding the IRS publicizes after processing yearly tax forms, and a PAC (political action committee), which reports its finances to the Federal Election Commission on a quarterly basis.

In an interview with The Atlantic, Ben-Ami discussed J Street’s fundraising momentum and who the group’s biggest donors are, including nonpublicized funding for the group’s 501(c)4 nonprofit.

The answer to the question on the lips of conservative conspiracy theorists everywhere is that, yes, George Soros is one of the major donors. All part of his insidious plot to enrich himself through world peace and a more egalitarian distribution of income.

Update

Here’s an update from Chris Good probing the Soros issue further and Eli Lake on the same issue.

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