Olympic-Sized Drain on Charitable Funds Draws
An Olympic-sized drain on corporate foundations and non-profits will ?starve city anti-poverty services? because the money is being siphoned off for use in getting the Games in 2016, a coalition of 17 social service organizations charged today. He named Mayor Daley and Patrick G. Ryan of Aon as responsible for a plan to divert funds for costs estimated to reach $5 billion including $1.1 billion needed to build a lakeside Olympic Village.
Reverend Abbott Washburn, who has been recently named head of CONSERVE [City on Notice to Save Resources Victimized by Encroachment] said that private and independent sector support for charities are ?being jeopardized by big government in tandem with corporations so as to spend these funds on infrastructure that helps big business rather than the poor for whom they are intended.?
Washburn, a new face in city activism, told a news conference today, ?there is approximately $750 million ... Read More...
