Non-profit

Daniels Fund

The headquarters of the Daniels Fund, located at 101 Monroe Street in Denver, Colorado. (link) by Jeffrey Beall is licensed CC BY 4.0 (link)
Website:

www.danielsfund.org/

Location:

DENVER, CO

Tax ID:

84-1393308

Tax-Exempt Status:

501(c)(3)-PF

Budget (2020):

Revenue: $97,503,421
Expenses: $77,198,417
Assets: $1,271,851,319

Formation:

1997

Type:

Private Foundation

President:

Hanna Skandera

The Daniels Fund is a perpetual foundation created by Robert William “Bill” Daniels, an entrepreneur whose fortune came from commissions made creating and selling cable television systems. The fund primarily supports nonprofits in Colorado, New Mexico, Utah, and Wyoming through scholarships and support for social service organizations. Approximately 10 percent of the Fund’s budget is directed to grants to national public policy organizations.

Early Life and Military Service

Robert William “Bill” Daniels was born in 1920. He enlisted in the Navy in 1942, becoming a fighter pilot who served in North Africa in 1942 and in the Pacific between 1942 and 1945. He was awarded the Air Medal three times. [1] In November 1944, Daniels, then serving on the USS Intrepid, rescued wounded sailors from the ship’s burning deck, which earned him the Bronze Star. [2] He was recalled to service for the Korean War, serving as a flight instructor. [3]

Daniels and Associates

After leaving the military, Daniels worked as the insurance business, but in 1954 he started one of America’s first cable television systems in Casper, Wyoming. Four years later, Daniels founded Daniels and Associates, which assisted cable systems that were merging. Daniels and Associates’ fee included a small percentage (or an “equity position”) in the merged companies. Channels of Communications magazine noted in 1985 that Daniels and Associates had been involved in the creation of the U.S.’s six largest cable systems and eight of the top ten. [4]

Major Deals

In 1998, Daniels merged 24 small cable systems he owned with United Artists Communications, a deal that made Daniels $100 million. [5] Another major deal came in 1994, when Prime Ticket, a cable network that had the rights to Los Angeles Lakers and Los Angeles Kings games, sold to Tele-Communications Inc. for $200 million. Daniels owned 82.5 percent of Prime Ticket. The deal, the Los Angeles Times noted, made Daniels a billionaire. [6]

Political Views

Daniels was a Republican who lost a race for governor of Colorado in 1974 and who contributed six-figure sums to the Republican Party in at least two presidential contests. He hired Neil Bush, brother of George W. Bush, in 1987 and 1988 and held a fundraiser for George H.W. Bush in 1987. In 1990, he held a charitable event hosted by then-First Lady Barbara Bush. [7]

“Remember I am a conservative and want no money going to liberal causes,” Daniels wrote in 1998.  “The only thing I have in common with liberals is my concern for the homeless, the poor, and the downtrodden.” [8]

Creation

In 1997, Bill Daniels created the Daniels Fund. He designated 11 causes for the fund, designating 30 percent of the fund’s spending be “for scholarships for graduates of high schools” in Wyoming, Colorado, Utah, and New Mexico. Other purposes included supporting “innovative education initiatives,” helping the homeless and the disadvantaged, helping alcoholics and drug addicts recover, assisting the elderly, funding educational programs “which emphasize ethics and integrity,” and supporting amateur sports. [9]

Daniels stated that the Daniels Fund is barred from supporting “research of any kind” and cultural activities. “Most of my giving does not match with symphonies, art, and opera,” Daniels wrote. “I am just not into that. I am into helping people who need help, who are hungry, unclothed, in trouble.” [10]

Crisis of Donor Intent

The Daniels Fund began operations in 2000. According to Daniels Fund president Linda Childears, the fund’s first president, Phil Hogue, “went to experts to see what could be done…We went to big foundations and hired people with expertise on grants and scholarships.” These well-credentialed officials, according to Childears, hired program officers who had impressive resumes (“We hired on credentials,” Childears recalled) but were also aligned with the political left. [11]

These program officers had unlimited power to approve grants up to $100,000 and reject all grants without informing the board. Evan Sparks in Philanthropy noted that, despite Daniels’s distinguished record as a naval aviator, the National Air and Space Museum’s request for grants was rejected because the Fund did not support funding “instruments of war” or devices that “kill people.” [12]

In November 2003, most of the program officers were let go and the Fund cancelled plans to spend $2 million on a new conference center. The board began approving all grants and administering all rejections. The Fund conducted extensive research into the ideas of its founder and commissioned a biography of Bill Daniels that it makes freely available. The National Air and Space Museum has received several donations from the Daniels Fund, including a $3 million donation in 2021 for a new gallery about aviation during World War II. [13]

Daniels Scholarships

In 2020 the Daniels Fund reported that it awarded $47.5 million in grants and $21.3 million in scholarships. The fund awards Daniels Scholarships, which cover tuition, room and board, and incidental expenses, to students in Colorado, New Mexico, Utah, and Wyoming. The scholarships are awarded annually but can be renewed for up to four years. The fund says as of March 2021 it had awarded scholarships to 4,600 students that were worth $220 million. [14]

Grantmaking

In 2020, the Daniels Fund made nine grants of over $1 million to Eisenhower Medical Center ($5,000,000), Young Americans Education Foundation ($2.2 million), Hobbs Municipal Schools ($1.6 million), Colorado State University ($1.3 million), University of Colorado Foundation ($1.3 million), National Air and Space Museum ($1.2 million), United Way of Salt Lake ($1.1 million), and University of Wyoming Foundation ($1 million). [15]

The organization made grants of $150,000 to the American Enterprise Institute, $100,000 to the Institute for Justice, and $100,000 to the U.S. Chamber of Commerce Foundation, among other grants to right-leaning public-policy organizations. [16]

References

  1. The Life and Legacy of Bill Daniels, third edition (Denver:  Daniels Fund, 2021), 23. ^
  2. The Life and Legacy of Bill Daniels, third edition (Denver:  Daniels Fund, 2021) 22-23. ^
  3.  The Life and Legacy of Bill Daniels, third edition (Denver:  Daniels Fund, 2021), 23 ^
  4. Randy Welch, “The Builder of Cable Empires,” Channels of Communications, January/February 1985. ^
  5. Life and Legend of Bill Daniels (Denver:  Daniels Fund, 2012), 39. ^
  6. Larry Stewart, “With Daniels, You Find That Nice Guys Needn’t Finish Last,” Los Angeles Times, May 27, 1994. In 2006 Daniels and Associates was acquired by the Roya Bank of Canada.  Mike Farrell, “Canadian Bank Buys Daniels,” Multichannel News, November 27, 2006. ^
  7. Marcy Gordon,” Neil Bush Working for Cable Consulting Firm,” Associated Press, October 5, 1992. ^
  8. Sally Beatty, “Preserving a Donor’s Intent,” Wall Street Journal, October 6, 2006. ^
  9. Amended and Restated Bylaws of the Daniels Fund, May 2009 ^
  10. [1] Life and Legend of Bill Daniels (Denver:  Daniels Fund, 2012) ^
  11.  Martin Morse Wooster, How Great Philanthropists Failed and How You Can Succeed in Protecting Your Legacy (Washington, D.C.:  Capital Research Center, 2017), 314. ^
  12. Evan Sparks, “Back to Bill,” Philanthropy, Fall 2011. ^
  13. “National Air and Space Museum Receives #3 Million Gift from Daniels Fund For New World War II Gallery,” press release dated May 10, 2021, https://airandspace.si.edu/newsroom/press-releases/national-air-and-space-museum-receives-3-million-gift-daniels-fund-new (accessed June 17, 2022) ^
  14. [1] Daniels Scholarship Program, Daniels Fund, https://www.danielsfund.org/scholarships/daniels-scholarship-program/overview (Accessed June 17, 2022) ^
  15. 2020 Daniels Fund Form 990. ^
  16. 2020 Daniels Fund Form 990. ^
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Nonprofit Information

  • Accounting Period: December - November
  • Tax Exemption Received: April 1, 1997

  • Available Filings

    Period Form Type Total revenue Total functional expenses Total assets (EOY) Total liabilities (EOY) Unrelated business income? Total contributions Program service revenue Investment income Comp. of current officers, directors, etc. Form 990
    2020 Dec Form PF $97,503,421 $77,198,417 $1,271,851,319 $1,013,756 $0 $0 $0 $0
    2019 Dec Form PF $69,503,033 $71,314,693 $1,251,669,994 $1,137,436 $0 $0 $0 $0 PDF
    2015 Dec Form PF $138,876,737 $72,913,040 $1,128,799,692 $893,825 $0 $0 $0 $0 PDF
    2014 Dec Form PF $89,435,954 $72,076,172 $1,062,334,221 $392,051 $0 $0 $0 $0 PDF
    2013 Dec Form PF $57,497,436 $55,538,297 $1,045,219,527 $637,139 $0 $0 $0 $0 PDF
    2012 Dec Form PF $102,359,019 $56,612,619 $1,044,231,896 $9,687 $0 $0 $0 $0 PDF
    2011 Dec Form PF $67,208,812 $57,178,200 $998,478,758 $2,949 $0 $0 $0 $0 PDF

    Additional Filings (PDFs)

    Daniels Fund

    101 MONROE ST
    DENVER, CO 80206-4467