The bright side to the economic crisis
9th December 2009
Civil Liberties Group Loses $20 Million Donor
A longtime anonymous donor to the American Civil Liberties Union has withdrawn his annual gift of more than $20 million, punching a 25 percent hole in its annual operating budget and forcing cutbacks in operations.
A.C.L.U. board members, who insisted on anonymity because the loss of the gift was reported in an executive session of their meeting, identified the donor as David Gelbaum, who made a fortune as a hedge fund manager and is now better known as a major investor in clean technology.
So the guy gave them over $100 million on the sole condition that he remain anonymous, and as soon as he stops giving, they out him? That rather illustrates the moral qualities of the ACLU board members, doesn’t it? Hope it gives him a warm fuzzy.