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BY: Brent Scher
Prominent political donors to Joe Biden poured money into the nonprofit Biden Foundation as they waited for him to launch his presidential campaign, the Daily Beast reported on Thursday.
Biden - Campaign - Thursday - Biden - Foundation
Biden launched his long-awaited campaign on Thursday and has said he will shut down the Biden Foundation as he campaigns. The foundation's annual report, however, shows it has been the recipient of money from the same group of donors that have propped up Biden’s American Possibilities PAC over the past two years.
Tim Gill, a well-known Colorado donor who is part of the influential Democracy Alliance donor club, has in the past year given both the maximum allowed contribution to Biden's PAC and over $1 million to Biden's foundation. Bernard Schwartz, another longtime financier on the left, also gave to both Biden's PAC and his foundation.
Lachlan - Markay - Pay - Dirt - Newsletter
Here's more from Lachlan Markay's Pay Dirt newsletter:
Those donors are among the 10 who have contributed to both Biden’s PAC during the 2018 cycle and his charitable group last year. But there may be additional ones who aren’t yet public. A day...
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