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Shareholders Asked to Vote for Reduced Power for Chairman/CEO of ‘Woke-A-Cola’

National Legal & Policy Center

The annual meeting for The Coca-Cola Company is next Tuesday, April 25, and shareholders will be asked to vote on a proposal that would increase accountability for the company’s Chairman and CEO, James Quincey. National Legal and Policy Center is sponsoring Proposal No. 8 on the company’s proxy statement, which requests the Board of Directors to require the two powerful roles now occupied by Quincey to be split between two individuals. NLPC argues that Quincey has inappropriately engaged the company in multiple divisive political issues that are not in the fiduciary interest of Coca-Cola or its shareholders. As an investor in the company, NLPC has filed a report to the Securities and Exchange Commission that explains its rationale for appointing an equally authoritative counterpart to keep Quincey’s left-leaning political excursions in check. “James Quincey, invoking the name of ‘Coca-Cola,’ has repeatedly weighed in on issues like opposing the Georgia election integrity law and in support of Black Lives Matter, pointing out the alleged racial sins of America,” said Paul Chesser, director of the Corporate Integrity Project for NLPC. “His careless rhetoric only harmed the company’s reputation, since 2022 voter turnout in the Peach State elections was extremely high. Meanwhile, Quincey has highlighted Coca-Cola’s hypocrisy by doing extensive business in China, while saying nothing about the communist government’s genocide and enslavement practices.” In its report to the SEC, NLPC points out several examples of Quincey’s leadership failures, including: entering Coca-Cola in a multi-company effort as co-signer of a letter that opposed plans by the Department of Health and Human Services in 2018 to restore definitions of “sex” to remove the term “identity,” for the purposes of Title IX enforcement of gender discrimination in civil rights law; signing the Company’s name to a 2019 letter in support of the so-called “Equality Act,” which would have added “sexual orientation” and “gender identity” to “race, color, religion, sex, or national origin” discrimination protections in the Civil Rights Act of 1964 – which would have squashed almost all other rights and freedoms Americans possess, including speech, association, privacy, and property rights; held mandatory “anti-racist” training in 2021 that instructed employees to try to “be less white,” which included recommendations to “be less oppressive, be less arrogant, be less certain, be less defensive, be less ignorant, be more humble, listen, believe, break with apathy, (and) break with white solidarity;” providing $2.5 million in grants for left-leaning organizations that included $500,000 to the Black Lives Matter Global Network Foundation, a deeply racist, anti-law enforcement organization that spent millions of dollars in corporate donations to enrich its leaders and their family members, and purchased several multi-million dollar mansions for personal use; engaged Coca-Cola in a multi-company letter-writing campaign to urge a “permanent legislative solution to enable (illegal immigration) ‘Dreamers’ who are currently living, working, and contributing to our communities to continue doing so” – a policy many Americans characterize as “amnesty;” opposed the “Heartbeat Bill” when it passed the Georgia Senate in 2019, signing a letter of objection with other businesses. The bill prohibited abortions once a fetal heartbeat is detected, with exceptions for cases that involve rape, incest, and saving the life of the mother. NLPC’s report to the SEC also notes that since Quincey immersed Coca-Cola in controversial political issues, the company’s stock performance has lagged behind its chief competitors (like PepsiCo), when he should have been focused on his fiduciary priorities. “Coca-Cola, like almost every company that combines the power of chairman and CEO in one person, claims they do so to maximize returns for shareholders,” Chesser said. “But the opposite is usually the case. The board needs a stronger counterpart to put the kibosh on Mr. Quincey’s political activities.” Founded in 1991, NLPC promotes ethics in public life and government accountability through research, investigation, education, and legal action. ### For more information or to schedule an interview with Paul Chesser, contact Dan Rene at 202-329-8357 or Please visit Contact Details National Legal and Policy Center Dan Rene +1 202-329-8357 Company Website

April 18, 2023 09:00 AM Eastern Daylight Time

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Intellia, the financial analyst cloud unlocking emerging market talent globally, launches AI-powered vetting and project delivery platform


Helping agile companies find the best strategy and finance consultants around the world to explore growth opportunities and unblock hurdles, the world’s first managed talent marketplace for finance and strategy analysts, Intellia is today launching an AI-powered vetting and project delivery platform for finance, strategy and public policy powered by talent from frontier markets. Intellia offers on-demand, remote analysts that can be deployed within 24 hours, saving companies 80% on recruiting and advisory budget through its proprietary AI-driven analyst vetting, training and quality control platform. Businesses can hire remote analysts, teams or explore deeper consulting services. Launched in 2020, Intellia has already established operations globally, sourcing thousands of analysts from countries as diverse as Colombia, Pakistan and the United Arab Emirates. Having a presence in different continents allows customers to engage analysts 24 hours a day. Only the top 1% of these analysts are engaged to work with clients. Intellia analysts have gone on to be hired by leading corporates and advisory firms globally. Intellia boasts a 95% client retention rate volunteering to refund its fee pending client satisfaction. Intellia is now set to launch in Riyadh, Saudi Arabia and Lagos, Nigeria next month. Intellia founder and CEO, Saad Raja commented: “Currently, consulting firms take weeks to negotiate exorbitantly high fixed project fees with limited flexibility for businesses. On the other hand, freelancer portals provide relatively low quality, unsupervised services not fit for corporates and the public sector. Intellia is addressing this gap by engaging remote talent from emerging markets which can now participate in higher value roles in finance, strategy and public policy. By sourcing and training analysts from these markets, Intellia is on a mission to transform these countries into knowledge economies.” Intellia has over 150 vetted analysts that are already advising multinational companies with their product launches, analysing new investments for sovereign funds and private equity firms, supporting expansion projects for Michelin star restaurants in Europe, and advising African and Middle Eastern governments on increasing foreign trade inflows. Additionally, over half of Intellia’s analyst workforce is female. Other use cases include value creation plans and portfolio monitoring; investment due diligence and memorandums; economic development policies; pricing strategies; trade, economic policies and strategies; merger and acquisition screening; deal pipeline development; financial modelling; and valuation and analysis. Last year Intellia raised $1.5m from Fatima Gobi Ventures and high-profile technology and finance leaders including global CFOs and former Managing Partners of tier one consulting firms. Saad Raja added: “Intellia is bridging the gap between finance education and what the industry demands. Our platform vets and trains analysts on exactly what clients need”. About Intellia Intellia is the world’s first managed talent marketplace for finance and strategy. Its AI-driven analyst vetting, project delivery and quality control platform helps customers engage analysts within 24 hours and save up to 80% cost. For more information please visit Contact Details intellia Bilal Mahmood +44 7714 007257 Company Website

April 18, 2023 07:00 AM Eastern Daylight Time

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As He Pretends Anheuser-Busch is an American Company, CEO Brendan Whitworth Fails Leadership Test

National Legal & Policy Center

Anheuser-Busch has finally addressed the controversy that has embroiled the company since April 1 when it centered a Bud Light promotion around transgender “influencer” Dylan Mulvaney. Only problem is, Anheuser-Busch CEO Brendan Whitworth released a statement Friday addressing the issue by not addressing it, accomplishing nothing but to underscore his own helplessness and guaranteeing that the conflagration will continue. Whitworth’s statement asserted that “we never intended to be part of a discussion that divides people.” But nowhere could he even say what the “discussion” is about, as if the topic was too hot to even mention. He doesn’t say it was a mistake for a beer company to promote transgenderism, nor does he defend the ad campaign. It is as if he had to say something if only to quiet his coterie of underlings and PR consultants who were no doubt urging him to say something. He took the faintest stab possible to assuage consumers who might most object to the promotion by saluting “military, first responders, sports fans and hard-working Americans everywhere.” But he could not state the obvious about why all these great people might object to Dylan Mulvaney, namely that men cannot become women, and that it is a folly for anyone, much less a beer company, to advance this lie. Unfortunate for Whitworth, he is handcuffed by the company’s long association with activists who would turn on him as quickly and eagerly as they have accepted his company’s support and money over the years. Anheuser-Busch gets a perfect 100 score on the Human Rights Campaign so-called Corporate Equality Index, and the company promotes gender ideology in its internal training programs. Whitworth fails the leadership test. It’s easy to lay claim to effective institutional management when all the choices are good. Real leadership becomes evident, however, when the choices are bad. But maybe we shouldn’t be so hard on poor Whitworth because his authority as CEO is not what is seems. Whitworth, whose actual title is “CEO North American Zone,” proudly reports that Anheuser-Busch was “founded in America’s heartland more than 165 years ago,” but he does not mention that the company was sold to the multinational InBev in 2008. The company is now known as Anheuser-Busch Inbev SA/NV, and is incorporated and headquartered in Belgium. In addition, CEO Michael Doukeris is a Brazilian citizen. According the company’s website, nine of its 12 directors are appointed by something called “Stichting Anheuser-Busch InBev,” which it describes as “a foundation organised under the laws of the Netherlands, which represents an important part of the interests of the Belgian founding families of the Company and the interests of the Brazilian families previously shareholders of AmBev.” So, Whitworth’s real bosses are a group of ultrarich Europeans and South Americans, who will ultimately act in what they perceive to be their own interests, not those of American beer drinkers. These plutocrats attempt to keep the attention off their wealth by buying off the activists who might challenge it. That is why the company panders to, and bankrolls, a host of woke causes worldwide. Like Unilever, another Europe-based multinational whose American subsidiary Ben & Jerry’s plunged it into controversy (when it ended ice cream sales in the disputed territories of Israel), Anheuser-Busch InBev abets social and political causes that undermine the cultural values and economic interests of the consumers they purport to serve. National Legal and Policy Center (NLPC) sponsors the Corporate Integrity Project. When Anheuser-Busch was still an independent company, NLPC filed a series of shareholder proposals seeking disclosure of its financial support for political and social activist groups. Contact Details National Legal and Policy Center Dan Rene +1 202-329-8357 Company Website

April 17, 2023 09:00 AM Eastern Daylight Time

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FEC Sued for Failure to Act on Massive Michael Bloomberg Campaign Finance Violation

Great America PAC

The Federal Election Commission has been sued to compel it to act on an administrative complaint filed against Michael Bloomberg’s 2020 campaign - more than three years ago. The lawsuit was filed today in the U.S. District Court for the District of Columbia by Dan Backer on behalf of Great America PAC. Backer has a long history of winning FEC battles, including a 6-figure fine against Hillary for America and the Democratic National Committee for lying about their funding of the Russia hoax. The original Complaint against Michael Bloomberg (included as an Exhibit to the filing today) challenged the billionaire’s unprecedented violation of campaign finance law in which he laundered over $18 million of his personal funds through his short-lived presidential campaign account to the DNC—effectively contributing over 500 times the legal limit to a national political party committee and quite possibly tipping the balance of the 2020 presidential election. After sitting on their thumbs for 3 years – without any dispute as to the facts – the lawsuit seeks to force action before the FEC lets the statute of limitations run out. The lawsuit states in part, “…Despite the fact Michael Bloomberg has publicly admitted the material facts of his illegal scheme, the FEC has remained characteristically inert for the past three years, failing to initiate enforcement action against Bloomberg or the DNC…” “The Supreme Court, since 1976, has held that candidates can spend unlimited amounts of their own money on their own campaigns. The FEC allows candidates to deposit their money into their campaign accounts to make that happen. While campaigns can generally transfer unlimited amounts of campaign contributions they receive – from other donors - to national party committees, it didn’t create an $18 million loophole for Mike Bloomberg,” explained Dan Backer. “Federal election law allowed an individual to only contribute up to $35,500 per year to a political party – and that same limit applies to Mike Bloomberg’s transferred money. It is shameful that the FEC has allowed the “Bloomberg Billionaire Loophole” to remain unaddressed for more than three years.” “There were lots of ways Michael Bloomberg could spend more of his money that were clearly legal – including through his pet SuperPAC - but unless the FEC or courts rule otherwise this isn’t one of them. That is why we are forced to sue them, again,” Backer continued. “It shouldn’t be this easy to just buy off a political party.” “Former President Trump is beset upon by radical leftists for every imagined slight – but Michael Bloomberg has caused real damage to our campaign finance system, to the tune of $18 MM, and we’re not going to let them get away without some accountability,” Backer said. ### For more information or to interview Dan Backer please contact Gabriel Llanes at Contact Details Great America PAC Gabriel Llanes +1 786-522-7364 Company Website

April 13, 2023 04:18 PM Eastern Daylight Time

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In Proxy Memo, Coca-Cola and PepsiCo Are Urged to Stay Out of Divisive Abortion Issue

National Legal & Policy Center

Following last year’s Dobbs v. Jackson Women’s Health Organization decision by the U.S. Supreme Court, which overturned the 1973 Roe v. Wade decision, advocates have continued their battle for unrestricted abortion access in a new forum: Corporate America. Under the guise of two shareholder proposals that demand reports on “Impacts of Reproductive Healthcare Legislation” as the result of newly enacted state laws that limit or ban abortions, activists seek to bully The Coca-Cola Company and PepsiCo Inc. into advocacy for their own policies on the controversial political issue, and for the companies to steer their campaign contributions accordingly. In responses filed with the Securities and Exchange Commission this month, National Legal and Policy Center argue why shareholders of the two multinational soft drink makers should oppose the resolutions sponsored by the radical pro-abortion proponents. NLPC’s reports to the SEC can be viewed at the following links: Coca-Cola and PepsiCo. As NLPC’s filings explain, the proponents of the two shareholder proposals cite biased research, selective data, slanted opinion polls, and preconceived outcomes to make their cases. For example, the sponsors assert that it will be more difficult for the companies to recruit women to their workforces in states where abortion limits or bans have been enacted into law. But the proponents stake their claim based on a “study” that one critic said suffered from “self-selection bias,” using “an unrepresentative, highly biased sample and misleading questions.” The boards of directors for Coca-Cola and PepsiCo also ask shareholders to vote against the proposals on their respective proxy statements, but for reasons that don’t address the misleading and even deceitful claims of the proponents. Coca-Cola, in its opposition, proudly points to its coverage of travel expenses for medical procedures that are “not available in-state.” PepsiCo repeatedly emphasizes its “Diversity, Equity and Inclusion” policies that “improve the attraction, retention and advancement of women,” which include “a robust and highly competitive set of flexible benefits” with “reproductive health” coverage. “Although we wish their opposition was stronger, Coca-Cola and Pepsi are right to resist these thinly veiled attempts to push their companies to take a public stance on the divisive issue of abortion, which would undermine their fiduciary responsibility to all their shareholders,” said Paul Chesser, director of NLPC’s Corporate Integrity Project. “We hope the directors and company executives are finally starting to learn that capitulating to aggressive Leftist politics is a long-term loser for the bottom line.” The so-called “Reproductive Healthcare” resolutions that NLPC opposes are Proposal No. 9 on the Coca-Cola proxy statement, and Proposal No. 7 on the PepsiCo proxy statement. Founded in 1991, NLPC promotes ethics in public life and government accountability through research, investigation, education, and legal action. ### For more information or to schedule an interview with Paul Chesser, contact Dan Rene at 202-329-8357 or Please visit Contact Details National Legal and Policy Center Dan Rene +1 202-329-8357 Company Website

April 13, 2023 09:16 AM Eastern Daylight Time

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Bank of America Shareholders Asked to Increase Accountability for ‘Woke’ Chairman/CEO Brian Moynihan

National Legal & Policy Center

Bank of America ’s annual meeting is scheduled for April 25, and shareholders will be asked to vote on a proposal that would increase accountability for the company’s longtime Chairman and CEO, Brian Moynihan. National Legal and Policy Center is sponsoring Proposal No. 6 on the company’s proxy statement, which requests the Board of Directors to require the two powerful roles now filled by Moynihan to be held by two separate individuals. NLPC argues that Moynihan has inappropriately engaged the company in a multitude of divisive political issues that are not in the fiduciary interest of Bank of America or its shareholders. As an investor in the company, NLPC has filed a report to the Securities and Exchange Commission that explains its rationale for identifying an equally authoritative counterpart to keep Moynihan’s left-leaning political excursions in check. “Brian Moynihan has been around too long and has aggregated too much power, to the point where he seems to think and care little about the controversial political decisions he makes that implicate the company,” said Paul Chesser, director of the Corporate Integrity Project for NLPC. “For example, Bank of America has instituted lending and employee training programs that claim to promote racial advancement and healing, but instead are themselves racist.” In its report to the SEC, NLPC points out several examples of Moynihan’s leadership failures, including: a $421 million commitment to over 130 equity funds that provide capital exclusively to non-white and female entrepreneurs and small business owners; creating a discriminatory program that reduces interest rates for commercial borrowers that hit certain diversity quotas; zero-down payment, zero-closing cost mortgage advances for first-time home buyers only in black/African-American and Hispanic communities, without typically required home insurance or a credit score; a “Racial-Equity 21-day Challenge” training program for employees that teaches that the United States is a “racialized society” that “use[s] race to establish and justify systems of power, privilege, disenfranchisement, and oppression,” which “give[s] privileges to white people resulting in disadvantages to people of color”; handing over the financial data of 211 clients to federal agents following the January 2021 U.S. Capitol disturbance, based on those customers being profiled simply because they visited an ATM in Washington at the time of the “riot”; building a held-to-maturity (“HTM”) portfolio that is high-risk and double the size of such assets in 2020, and increasing it by over 50 percent in 2021 – a purchasing spree with over 80 percent of the securities maturing in over 10 years, giving the Company significant exposure to interest rates. Moynihan has been more than willing to place Bank of America in a globalist posture, subjugating shareholders’ interests under those of the World Economic Forum agenda of transhumanism, abolition of private property, consumption of bugs, social credit systems, and other “Great Reset” priorities. As chairman of the WEF’s International Business Council, he worked with the big four accounting firms to create stakeholder standards for companies to follow. Moynihan said after this year’s Davos confab about companies who fall short of such globalist standards, that “we shouldn’t do business with you.” WEF’s agenda, he said, “at the end of the day, will align capitalism with what society wants from it and get us going faster.” “Brian Moynihan’s ego and elitism are so far gone, that he thinks he gets to redefine ‘capitalism,’” Chesser said. “And now he assumes that he and his fellow Davos elites can establish a new social credit system that decides who is and who isn’t allowed to play in their newly redesigned ‘capitalism’ playground.” “It’s way past time for Bank of America to appoint a separate chairman to counterbalance Brian Moynihan’s proclivities – as long as the board doesn’t choose Klaus Schwab.” Founded in 1991, NLPC promotes ethics in public life and government accountability through research, investigation, education, and legal action. ### For more information or to schedule an interview with Paul Chesser, contact Dan Rene at 202-329-8357 or Contact Details National Legal and Policy Center Dan Rene +1 202-329-8357 Company Website

April 12, 2023 09:30 AM Eastern Daylight Time

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Administrative Professionals Report Feeling Fulfilled in Their Roles and Feel Appreciated Ahead of Administrative Professionals’ Day, According to a CardSnacks Survey


Administrative professionals are largely happy in their roles and feel that their work is appreciated by supervisors, according to a new survey from CardSnacks, the leading platform for individuals and businesses to send personalized e-greetings and gift cards. Notably, at a time when other surveys show as many as 96% of workers are looking for a new job this year, just 38.24% of administrative professionals surveyed by CardSnacks said that they were actively seeking a new job. Nearly two-thirds said they feel fulfilled in their current roles. Additionally, these respondents also believed that they were not in danger of losing their jobs. Just 28.9% said they feared being laid off this year, as compared with other polls in the past year that showed as many as 80% of American workers are afraid of getting laid off. “Administrative professionals are a critical part of the foundation on which almost every business is built,” said Mark Wachen, founder and chief executive officer of CardSnacks. “With Administrative Professionals’ Day coming up this month on April 26, our recent survey shows they certainly are workers who deserve maximum appreciation and recognition.” The good news for managers and human resources executives is that most administrative professionals seem happy in their work. According to the survey, 68.1% said they feel appreciated for the work they do. When it came to describing their bosses specifically, 58.3% said they consider their supervisors appreciative, while 50.5% said their bosses were respectful. How do administrative professionals want to be recognized this Administrative Professionals’ Day? Receiving a card with some kind of gift enclosed was the top choice, with 32.8% of survey respondents opting for that choice, and 31.9% opting for an early afternoon off. Other answers included being taken to lunch (19.1%) and being publicly recognized in the office (16.2%). As for the type of gift enclosed in a card, a gift card was the clear choice. Nearly 82% said they wanted a gift card, compared with 18% for cash. A third of survey respondents said $50 was the ideal value to make them feel appreciated, with 25.5% choosing $100 and 17.6% selecting $20. Among other findings from the survey, which polled more than 200 administrative professionals across the United States: Stress levels at work are rising, with 38.2% saying they experienced more stress this year. Just 22.6% reported feeling less stress. Sixty-nine percent of administrative professionals say their workdays contain tasks that go beyond administrative work. A majority (51.5%) feel they are fairly compensated, though 44.6% said they felt they were underpaid. Many have returned to the office full time. Forty-two percent said they work five days a week in the office, and just 22% work fully from home. Administrative Professionals’ Day started as National Secretaries Day by the U.S. Chamber of Commerce in 1952. The holiday’s name was changed in 2000 to reflect the growing complexity and diversity of the roles of administrative professionals. The date falls on the last Wednesday of April. As the leading platform for individuals and businesses to send personalized greeting cards and gift cards, CardSnacks for Business has been the preferred option for companies to send employees recognition and appreciation messages on Administrative Professionals’ Day and other recognition days throughout the year. To see our special collection of e-cards for Administrative Professionals’ Day, visit About CardSnacks CardSnacks is the leading platform for individuals and businesses to send personalized e-greetings, invitations, and gift cards. It is based in New York, with employees in California, London, and Israel. CardSnacks is available in the Apple App Store, Google Play Store, and on the web. For more information, please visit us at Contact Details CardSnacks Media Company Website

April 12, 2023 09:04 AM Eastern Daylight Time

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Velocity Global Announces Frank Calderoni as Chief Executive Officer

Velocity Global

Velocity Global, the leading provider of global talent solutions, today announced the appointment of prominent software executive Frank Calderoni as its new Chief Executive Officer. Founder and former CEO, Ben Wright, will remain in his role as Board Chairman. Calderoni joins Velocity Global with extensive leadership experience in the technology industry, having led companies through numerous stages of scale and growth. Most recently, he was the Chairman and CEO of Anaplan, where he brought customer-focused agility, operational efficiency, and a culture-first approach to transform the business and drive meaningful impact for both customers and the industry at large. Over the course of his tenure, Calderoni took the company from a $1B valuation to IPO before the company’s transaction to Thoma Bravo for nearly $11B. Prior to Anaplan, he was the EVP and CFO of Red Hat and an EVP and CFO at Cisco. With Calderoni as the new CEO, Velocity Global will be well-positioned to have a market-leading impact on the industry as the demand to hire talent globally and compliantly accelerates. “When I started Velocity Global, I knew the world needed a better way to employ people globally. Nine years later, not only is that need still there, it’s more complex than ever,” said Ben Wright, Founder and Board Chairman, Velocity Global. “Today’s organizations need one platform to compliantly and consistently source and manage their workforce and I firmly believe that we are well-positioned to lead through this period of demand acceleration. The timing for a leader like Frank Calderoni - who I know will take us to the next level - couldn’t be better. I’m thrilled to transition the CEO responsibilities to Frank as I continue to support our broader vision as Chairman of the Board.” As CEO, Calderoni will work to scale and operationalize Velocity Global’s mission to accelerate and shape the future of work. The company recently announced that it has crossed the $200M ARR threshold, exceeding more than 40% organic growth YoY, revealing its growth and promising trajectory in the tech world as the desire for remote work continues to grow. “Velocity Global has built one of the most respectable EoR platforms in the industry, and they are at the forefront of shaping the future of work. I am honored to join the company at such a critical point as there is a tremendous opportunity ahead for us,” said Frank Calderoni, CEO of Velocity Global. “My career has been built on helping companies grow, scale, and transform through smart, compliant, innovative platforms that customers can rely on. I look forward to working with all the teams at Velocity Global to further establish ourselves as the leader in this industry.” For more information, visit About Velocity Global Velocity Global helps you compliantly hire, pay, and manage anyone, anywhere. We simplify the employer and talent experience—combining cloud-based technology and unmatched human support in 185+ countries. Start hiring across borders at Contact Details Media Contact Company Website

April 12, 2023 07:00 AM Mountain Daylight Time

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DonorsTrust Givers Recommended $242 Million in Grants During 2022

Donors Trust

The DonorsTrust community of givers in 2022 recommended $242 million to more than 1,100 unique charities nationwide, supporting nonprofits during a year of economic uncertainty as inflation continued apace and the Federal Reserve tightened its monetary policy. “The fact our accountholders granted more dollars than ever before is a reflection of our givers’ deep-seated belief in our mission and in the power of philanthropy—not government—to change people’s lives in a meaningful way,” says DonorsTrust CEO and President Lawson Bader. The total grants to charities during 2022—$242 million—is a whopping 21% increase over the previous year, when DonorsTrust accountholders recommended granting $190 million to charity. The $190 million granted in 2021 was a 3% increase over 2020 when donors recommended $186 million. When compared to pre-pandemic grant levels, these numbers are even more significant. DonorsTrust accountholders in 2019 recommended a total of $163 million, a 33% increase compared to 2022. “Our donor-advisors’ record grant-making in 2022 is indicative of our ongoing growth as charitable givers continue to break ranks with the big banks and seek refuge with mission-driven giving-account providers that honor and share account-holders’ conservative and libertarian values.” DonorsTrust welcomed many new accounts last year and, of those accounts, 13% migrated from a big commercial bank to DonorsTrust in a bid to align their giving. This continued the trend of givers aligning their philanthropy with a giving-account provider that honors their values. Total Grant-Making in 2022 Nearly Eclipses Total Account Contributions Another remarkable thing about 2022 is that total grant-making nearly eclipsed total account contributions. DonorsTrust account-holders in 2022 contributed $299 million to their respective accounts. Compare that to the $242 million that went out the door. What’s more, all of that giving happened during a year in which the International Monetary Fund forecast half as much economic growth compared to the previous year and the annual inflation rate nearly doubled over the previous year, a hard reality that prompted one copywriter at The Economist to pen a headline that reads “ 2022 has been a year of brutal inflation.” These numbers sent an important message to DonorsTrust givers: Give even more—and that’s exactly what account-holders did, deploying much-needed dollars out of nimble giving accounts filled with charitable reserves intended for critical charities during times of crisis. DonorsTrust Givers Respond to Higher-Ed, ESG Crises During a year in which America’s top 50 donors gave a staggering amount of money to higher education, DonorsTrust givers likewise granted a considerable amount to universities, including Catholic University of America and George Mason University Foundation. DonorsTrust account-holders also directed a hefty amount of money to public-policy organizations like Consumers’ Research, an organization actively tracking anti-ESG legislation nationwide and putting corporations on notice for their liberal-leaning environmental agendas. After the Wall Street Journal reported last year that investment firm BlackRock was gobbling up real estate on behalf of public-pension funds and others (all the while pricing individuals and families out of the real-estate market), Consumers’ Research came out swinging. “It’s not so much that people are clamoring for Larry Fink and BlackRock to solve all the problems of the world; it’s that Larry would like to be in charge and he uses the immense amount of capital provided to him... to basically dictate terms to the rest of the American economy,” Will Hild, executive director of Consumers’ Research, says in an episode of Giving Ventures. Established in 1999 as a 501(c)(3) public charity, DonorsTrust is a community of donors devoted to creating a better future. Its donors support charities they believe protect our nation’s constitutional liberties and strengthen civil society through private institutions rather than government programs. Its boutique size lets it offer our donors personal attention and advice that helps them achieve their philanthropic goals. It ensures donor intentions are protected and offers simple, effective, and tax-advantaged ways to give. Since its inception, DonorsTrust has granted more than $2.5 billion to thousands of charities that protect our constitutional liberties and strengthen civil society without government funding. ### To learn more about DAFs and DonorsTrust, please visit and listen to the Giving Ventures Podcast here To schedule an interview with a DonorsTrust spokesperson, contact Carolyn Bolton at 703-535-3563 or Contact Details DonorsTrust Carolyn Bolton +1 703-535-3563 Company Website

April 11, 2023 09:00 AM Eastern Daylight Time

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