James Murdoch (left) and his wife Kathryn Huschmidt arrived at St Bride’s Church on Fleet Street in central London on March 5, 2016, officially with Australian-born media mogul Rupert Murdoch and former model Jerry . Hall attend a celebratory ceremony the day after the wedding.
Justin Thalys | AFP | Getty Images
James Murdoch, one of the sons of billionaire media mogul Rupert Murdoch, quietly invested $ 100 million in his non-profit foundation and spent most of his money on political parties during the 2020 election cycle. Funded at.
CNBC discovered important contributions from James Murdoch and his wife Kathryn Murdoch after reviewing 501 (c) (3) groups. 990 2019 tax returns, Provided by the Foundation. The Murdoch family started a foundation called Quadrivium in 2014.
The $ 100 million donation is known to be the couple’s biggest contribution to foundation and political activities. James and Kathryn Murdoch Build your own political activity. They mainly supported the causes of non-partisan and democratic devotion. Kathryn Murdoch has previously criticized former President Donald Trump for dealing with the coronavirus pandemic.
According to Forbes, the Murdoch family, led by Rupert Murdoch, is worth more than $ 22 billion. The family controls Fox Corp. And News Corporation. James’ brother Lachlan Murdoch is the CEO of Fox with multiple assets, including a conservative cable network Fox News.
It has long been known that James and Kathryn Murdoch supported President Joe Biden’s 2020 campaign. But it was not known how much they were spending behind the scenes to influence the elections. The $ 100 million donation, combined with the millions of dollars they gave to campaigns and political action committees, shows the couple’s impact on the final electoral cycle.
Tax documents in 2019 show that of the $ 100 million donated to the Foundation, more than $ 25 million was used for grants, including for certain political reasons. The $ 25 million is also the bulk of the money Murdoch and his wife spent through the Foundation on political purposes such as tackling climate change and helping voting.
Yet two years ago, $ 25 million was only part of a major investment in Murdoch throughout the 2020 election cycle, according to people close to the family. This person refused to be named to speak freely about the situation.
Since 2019, Quadrivium has pledged to give more than $ 43 million to climate-related groups. More than $ 38 million, including a Quadrivium donation of $ 14 million and a personal donation of $ 24 million from a couple, went to electoral organizations, including organizations specializing in the protection of voting rights.
The Murdoch couple also donated more than $ 20 million to the Biden campaign, a group that supported and opposed Trump, and an organization dedicated to destroying online threats and extremism. They also donated to a group dedicated to voting in the Georgia Senate final vote in January. The Democratic Party won these two seats.
A spokeswoman for James and Kathryn Murdoch declined to comment.
According to 2019 tax documents, the Quadrivium Foundation had nearly $ 100 million in assets for 2020 as the primary and caucus season began.
Murdoch’s $ 100 million donation was made the same year James was CEO of 21st Century Fox. Disney bought most of the business for $ 71 billion. It was at the time a family business of News Corp. I was also the director of.
The $ 100 million donation to the Foundation was made in the form of Disney shares on the same day the Fox and Disney deal was struck. James Murdoch Report $ 2.1 billion from a transaction.
Murdoch then resigned from News Corp’s board of directors and cited “Disagreements over certain editorial content and other specific policy decisions released by our press.” News Corp. includes Dow Jones, which publishes the New York Post and the Wall Street Journal. Both newspapers have a conservative opinion section.
The Murdoch Foundation in 2019 donated to several organizations it had helped in the past, but that year nonprofits received significantly more money than other groups. Quadrivium supports problem groups looking to fight climate change and improve access to voting.
Murdoch’s support for voting groups comes when Republicans in states such as Georgia and Texas pass legislation that limits people’s ability to vote. James Murdoch public A statement against “discriminatory laws or measures which limit or prevent voters from having a fair and equal opportunity to vote”.
DemocracyWorks Inc., a nonprofit that advertises it has tools to help people vote, received $ 2.5 million from a foundation led by Murdoch.
Represent.Us Education Fund, which claims to be non-partisan and “adopts strong state and land methods to correct electoral failures and prevent political corruption,” will receive 2 million Murdochs in 2019. I saw a dollar. Advice from celebrities such as JJ Abrams, Michael Douglas and Jennifer Lawrence. According to its website, the Represent.Us Foundation “has subsidized Represent.Us to support public education activities and multi-stakeholder outreach activities.”
The Brennan Center for Justice, also known as The Independent, saw $ 1 million from Murdoch two years ago. The Brennan Center is a resource for voters and journalists to stay abreast of various laws that the organization considers restrictive. The group’s website says the legislature has introduced more than 380 bills in 48 states that are considered restrictive.
When it comes to tackling climate change, Kathryn Murdoch has been a director of the Environmental Defense Fund for many years. The organization saw $ 11 million in 2019 from Quadrivium.
James Murdoch spent $ 100 million to fund political goals in 2020 election
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