Tuesday, June 20, 2017

Chase Foundation gives $800K/year to libertarian policy network

Chasing Free Enterprise: An Investor Gives Steadily for Libertarian Think Tanks — Inside Philanthropy - Ade Adeniji:

June 20, 2017 - "The Los Angeles-based Reason Foundation's motto is 'free minds, free markets.' Among its trustees is Derwood S. Chase, Jr., who steers Chase Investment Counsel Corporation in Charlottesville, Virginia.

"Chase, who graduated from the University of Virginia and holds a Harvard MBA, also sits on the board of the right-leaning Fraser Institute in Vancouver, Canada, which starts to paint a picture of the type of organizations that Chase is interested in.

"His Chase Foundation of Virginia was established in the mid-1990s, and in recent years has given in the neighborhood of $700,000 to $800,000 annually to a number of libertarian or conservative policy organizations across the country and north of the border.

"Besides the Reason Foundation and Fraser Institute, Chase, via his foundation, has also backed Acton Institute in Michigan, a think tank whose mission is 'to promote a free and virtuous society characterized by individual liberty and sustained by religious principles.' The outfit is named after English Historian Lord John Acton, behind the well-known dictum 'power tends to corrupt, and absolute power corrupts absolutely.'

"Chase has also supported places like the Atlas Network, Buckeye Institute for Public Policy in Ohio, Cascade Policy Institute in Portland, Cato Institute, Competitive Enterprise Institute, Foundation for Individual Rights in Education (FIRE), Goodman Institute for Public Policy in Miami, Institute for Energy Research, Manhattan Institute for Public Policy, and Montreal Economic Institute....

"As we've reported in the past, such giving has allowed the right to scale up a comprehensive policy infrastructure to influence policy at all levels of government."

Read more: https://www.insidephilanthropy.com/home/2017/6/20/derwood-chase-philanthropy-think-tanks
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