Corporate Money In, No Money Out: What's Going On At Rep. Buyer-Linked Foundation?
Justin Elliott | October 12, 2009, 9:57AM
A foundation closely linked to Rep. Steve Buyer (R-IN) has collected over $800,000 in donations, much of it from industry sources with stakes in legislation moving through Buyer's committees, but has given out just $10,500 in six years and spent a whopping $258,136 in operating expenses, the Lafayette Journal & Courier reported Sunday.
Buyer's daughter is the president of the Frontier Foundation, which was set up purportedly to give scholarships to Indiana students, Buyer himself was described as honorary chairman" in a 2004 solicitation letter, and the organization in June listed Buyer's district office as its office.
Despite all of that, Buyer's office told the newspaper, "It's not Congressman Buyer's foundation," and declined an interview request.
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http://tpmmuckraker.talkingpointsmemo.com/2009/10/money_in_no_money_out_whats_ith_rep_steve_buyer-_l.phpRep. Buyer-linked foundation draws attention
BY DAVID SMITH • DSMITH@JCONLINE.COM • OCTOBER 11, 2009
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But the foundation, which enjoys tax-exempt status, has yet to award its first scholarship after six years in existence.
Until this year, the operations of the Frontier Foundation operated under the public radar. People in Monticello's Twin Lakes High School, which keeps a file of scholarship resources from 55 local organizations, had not heard of it.
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Attempts to reach Buyer for comment were unsuccessful. His press secretary referred questions to Frontier Foundation and said there was no connection between Buyer and the foundation.
"It's not Congressman Buyer's foundation," press secretary Anjulen Anderson said.
Buyer has several indirect connections, however. The foundation shares an office with his district office in Monticello, or at least did as of June 8, 2009, when it filed its most recent IRS Form 990 tax report. The Form 990 is an annual report certain federally tax-exempt organizations must file.
http://www.jconline.com/apps/pbcs.dll/article?AID=/20091011/NEWS/910110357ANYONE ELSE HERE SMELL A RAT?