Update: See the update at the bottom of this post and the comments. It appears the Fidelity donations came from private donors, not Fidelity Investments.
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I’ve been offline most of the day and I only have a few minutes before company comes over, but I thought I’d alert you to The Other McCain’s latest post about the convicted felon Brett Kimberlin and where he gets his funding.
Federal tax forms filed by convicted terrorist Brett Kimberlin’s tax-exempt non-profit Justice Through Music Project (JTMP) show that the 501(c)3 group collected $1.8 million in gifts, grants and other contributions during its first six years of operation. An analysis using database research indicates that more than $300,000 of that sum came in the form of grants from tax-exempt foundations, including the George Soros-connected Tides Foundation, the Fidelity Investments Charitable Gift Fund, the Barbara Streisand Foundation, and the Heinz Family Foundation, connected to Democrat Sen. John Kerry’s wife.
Convicted of multiple federal felonies in connection with a string of 1978 bombings in Indiana, Kimberlin’s activities recently have come under renewed scrutiny due to his attempt to press criminal charges against attorney Aaron Walker, a blogger who says Kimberlin tried to “frame” him as part of a campaign of harassment and intimidation against conservative New Media activists.
Read the whole thing. My retirement account is with Fidelity, but not for long. They will be hearing from me on Monday. Either they knowingly donated money to a convicted domestic terrorist, or they’re stupid. Either way, they’ve lost my trust.
My previous posts on the subject are here and here.
Update: From Marilyn in the comments below, these funds may not be directed by Fidelity, but by independent donors.
I believe the Fidelity Charitable Gift Fund is a separate entity from the Trustees Philanthropy Fund.
The Charitable Gift Fund donations are NOT directed by Fidelity, these funds are DONOR directed. People put private money into this fund, receive an immediate tax deduction, then direct Fidelity where they want the money to go.
This fund sends money where private donors direct. Fidelity is just the “middle-man” here.
Update: Linked by Reform a Liberal, That Mr. G. Guy and Lady Liberty – thanks!
Conservative Hideout also linked – thanks!


[...] [...]
Well-loved. Like or Dislike:
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They will be getting two calls Monday!
Here’s the overview of the Fidelity Charitable organization
http://fidelitycharitable.org/about-us/overview.shtml
And who specifically we should call. Go right to the top.
http://fidelitycharitable.org/2011-annual-report/officers.
Well-loved. Like or Dislike:
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The list of donors is quite interesting. Schwab? Fidelity? What’s up with that?
Well-loved. Like or Dislike:
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I’ve got a Fidelity fund also, but won’t by Friday. Never again will I deal with them.
Well-loved. Like or Dislike:
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[...] but didn’t conjure Kimberlin’s name until I hit Stacy McCain’s story and the post Lonely Conservative has up. I urge you to go read both of these pieces and get up to [...]
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I believe the Fidelity Charitable Gift Fund is a separate entity from the Trustees Philanthropy Fund.
The Charitable Gift Fund donations are NOT directed by Fidelity, these funds are DONOR directed. People put private money into this fund, receive an immediate tax deduction, then direct Fidelity where they want the money to go.
This fund sends money where private donors direct. Fidelity is just the “middle-man” here. I answer because of my personal experience with this fund.
To check out where Fidelity itself might be sending money, look into their Trustees Philanthropy Fund. They might have other ways of corporate charity, I don’t have time to look into that.
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The question is whether Fidelity uses any discretion in handling these donations. Would they send the money to the American Nazi Party if an investor directed them to, to the Ku Klux Klan if so instructed? I would like to know before I cancel my account with them, which I will probably do.
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It has to be a bonafide charity, with an i.d. number. If things don’t line up exactly right with a charity’s info at the IRS, the donation will not be processed. It’s not much different than you just writing a check from your checking account, except there is much closer scrutiny to ensure it’s a bonafide charity before they prepare and send your donation. The question really is how this guy becomes involved with any charitable institution: does the government not “vet” these things, and deny charity status? Oh, wait, right…. the government is in charge….never mind
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The charity has to be a 501(c)3. Fidelity will assure only this fact because they are issuing the document that allows the donation to be tax deductible.
It is not up to Fidelity to exercise any discretion as to whether they will distribute the money, because the money does not belong to them.
The donor puts the money into their personal charitable fund under the Fidelity trust, then tells Fidelity where to send it. Fidelity only assures that the receiving charity is registered with the IRS, they do not judge one way or another.
They make a legal judgment, not a moral one.
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If they are a legally recognized not-for-profit organization, Fidelity has no say in the matter.
What’s funny is how many of these 1%-er hating, I’m with the little guy f*#$ing, condescenting left dem bastards have these large charitable trust accounts. They are often set up after a one-time cashing in on a great deal they just happened to benefit from, which often seem to have some sort of public funding connection. Solyndra anyone?
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[...] Why the Heck is Fidelity Investments Giving Funds to a Convicted Felon? [...]
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This information can’t be spread fast -or far- enough. Pass the word, gang.
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[...] Lonely Conservative also asks a damn good question about Fidelity’s involvement with convicted terrorist [...]
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[...] afraid, because not only is Stacy McCain writing about this the Lonely Conservative is on her third post concerning the subject and blogs including Nice Deb, Riehl’s World View, Camp of the Saints, [...]
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I have worked in the past for Fidelity – great company – and can verify that they have no say in how the charitable gifts are made. As Marilyn said, if the donor makes a designation to what the govt deems a 501c3, Fidelity has to send it.
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[...] [...]
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[...] Brett Kimberlin. Here’s just a short list of links; Theo Spark The Lonely Conservative here, here and here Bob Belvedere intrepid blogger at The Camp Of The Saints has been busy writing and [...]
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I’ve said it before and I’ll say it again. The biggest communists are on Wall Street. I agree with the assessment that Fidelity and Schwab are just investment firms directing their clients cash, but the issue is who would give to such a bogus foundation? The Tides Foundation giving money to it is a big red flag of bankster involvement.
My assessment is that this man is a paid provacateur sowing discord against those who oppose the communization of the United States. Please google CONINELPRO “counter intelligence program” to see how its done.
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