Also see the similarly named Fund for Policy Reform (Nonprofit)
The Fund for Policy Reform Trust is a major left-of-center 501(c)(4) advocacy nonprofit funded by liberal billionaire George Soros and affiliated with his Open Society Network.
While their exact relationship is unclear, the Fund for Policy Reform, Inc., appears to act as an endowment and clearinghouse for its “sister” nonprofit, the Fund for Policy Reform, another Soros-affiliated Open Society nonprofit that makes grants to center-left groups. In 2018 alone, the group granted $750 million to the Fund for Policy Reform, its sole grant recipient and the sole donor to the Fund for Policy Reform. 1 In 2017, it granted $100 million to the Fund for Policy Reform. 2
As of 2018, the Trust reported $3.2 billion in net assets. 3
Leadership
Board of Directors
According to its 2018 IRS Form 990 filing (available here), the Trust has the following board members (“trustees”): 4
- Patrick Gaspard: President
- Christopher Stone (former board member and president)
- Daniel Eule
- Michael Vachon
- Christiana Trust: Administrative Trustee (subsidiary of WSFS Financial Corporation; Total Compensation: $20,000) 5
- Gail Scovell (board secretary)
- Maija Arbolino (board treasurer)
Funding
Financial Documents
The 2018 IRS Form 990 filing for Fund for Policy Reform Trust was obtained by the Capital Research Center in March 2020 and is available here.
References
- Return of Organization Exempt from Income Tax (Form 990). Fund for Policy Reform Trust. 2018. Schedule I. Archived: https://www.influencewatch.org/app/uploads/2020/03/Fund-for-Policy-Reform-Trust-2018-Form-990.pdf
- Return of Organization Exempt from Income Tax (Form 990). Fund for Policy Reform Trust. 2017. Schedule I.
- Return of Organization Exempt from Income Tax (Form 990). Fund for Policy Reform Trust. 2018. Part I: Line 22. Archived: https://www.influencewatch.org/app/uploads/2020/03/Fund-for-Policy-Reform-Trust-2018-Form-990.pdf
- Return of Organization Exempt from Income Tax (Form 990). Fund for Policy Reform Trust. 2018. Part VII. Archived: https://www.influencewatch.org/app/uploads/2020/03/Fund-for-Policy-Reform-Trust-2018-Form-990.pdf
- Press Release. “WSFS Announces Formation of Christiana Trust Company of Delaware.” November 2, 2017. Accessed March 5, 2020. https://www.globenewswire.com/news-release/2017/11/02/1173772/0/en/WSFS-Announces-Formation-of-Christiana-Trust-Company-of-Delaware.html