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Re: Southern Poverty Law Firm wires money offshore [Re: SirTripAlot]
    #24599754 -

Define typical.

I'm telling you that you suck at logic.

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Re: Southern Poverty Law Firm wires money offshore [Re: chibiabos]
    #24599860 -

Asking the question of whether offshore investing for 501c companies is typical behavior doesn't mean he "sucks at logic".  It's actually a good question.

I did a Google search, and it does appear this is common behavior:

Maryland nonprofits investing in offshore accounts


--------------------
I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them.  I also attack my side if I think they're wrong.  People here get very confused by that and think it means I prefer the other side.

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Re: Southern Poverty Law Firm wires money offshore [Re: Falcon91Wolvrn03]
    #24600046 -

Good find Fal, thank you.

From what I have read it looks like this behavior is becoming scrutinized. From the cited article:

But as charities and other nonprofits make their critical year-ending fundraising appeals, analysts warn that investing in hedge funds overseas exposes donations to risk, could discomfit potential supporters and leaves the organizations open to attack by opponents.


Critics of the Humane Society of the United States, for example, have highlighted the animal welfare group's offshore investments.

The Humane Society "is a nonprofit," reads a post at HumaneWatch.org, a group associated with the conservative Center for Consumer Freedom. "It's not in the business of investing money in hedge funds to make a profit."

And a group that is battling the Chesapeake Bay Foundation over dredging the Susquehanna River focuses on the foundation's Caribbean holdings in an online video.

"We were just completely stunned actually, totally shocked when we found out that they have millions of dollars in offshore Cayman Island accounts. Millions," the narrator says.


--------------------
“I must not fear.
Fear is the mind-killer.
Fear is the little-death that brings total obliteration.
I will face my fear. I will permit it to pass over me and through me.
And when it has gone past I will turn the inner eye to see its path.
Where the fear has gone there will be nothing. Only I will remain.”

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Re: Southern Poverty Law Firm wires money offshore [Re: SirTripAlot]
    #24600165 -

From what you quoted, it sounds like the criticism may be more around the fact that they're making risky investments that it is that they're investing offshore, although both are tied.  :shrug:


--------------------
I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them.  I also attack my side if I think they're wrong.  People here get very confused by that and think it means I prefer the other side.

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Re: Southern Poverty Law Firm wires money offshore [Re: Falcon91Wolvrn03]
    #24600179 -

I'm still not sure what the problem is here. A diverse investment strategy is a good practice. Any organization that has cash reserves should be investing in a wide variety of equities, funds, etc. if you have hundreds of millions of dollars in reserve, putting a couple million in offshore accounts seems totally reasonable. I would hope they have even more investments outside the US. It's risk management. Don't put all you eggs in one basket, and that includes putting all your eggs in one country.


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NotSheekle said
“if I believed she was 16 I would become unattracted to her”

Edited by koods (09/03/17 12:21 PM)

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Re: Southern Poverty Law Firm wires money offshore [Re: chibiabos]
    #24600184 -

chibiabos said:
Define typical.

I'm telling you that you suck at logic.


fallacy fallacy?

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Re: Southern Poverty Law Firm wires money offshore [Re: akira_akuma]
    #24600205 -

Quote:
The Humane Society "is a nonprofit," reads a post at HumaneWatch.org, a group associated with the conservative Center for Consumer Freedom. "It's not in the business of investing money in hedge funds to make a profit."


Who cares if it's a non profit. If They have cash reserves it would be negligent not to have a diversified investment strategy.


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NotSheekle said
“if I believed she was 16 I would become unattracted to her”

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Re: Southern Poverty Law Firm wires money offshore [Re: koods]
    #24600215 -

:boot:  yeah right koods



naw, i'm kidding :chesire:

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Re: Southern Poverty Law Firm wires money offshore [Re: koods]
    #24600217 -

OP's article describes a very well run organization with reasonable salaries, low expenses and wise investments - yet somehow it is spun into an attack on the SPLC to forward a political agenda. Someone made a thread about what the word Orwellian means. That article is an example.


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NotSheekle said
“if I believed she was 16 I would become unattracted to her”

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Re: Southern Poverty Law Firm wires money offshore [Re: akira_akuma] * 1
    #24600223 -

akira_akuma said:
chibiabos said:
Define typical.

I'm telling you that you suck at logic.


fallacy fallacy?


I understand that one....lol


--------------------
“I must not fear.
Fear is the mind-killer.
Fear is the little-death that brings total obliteration.
I will face my fear. I will permit it to pass over me and through me.
And when it has gone past I will turn the inner eye to see its path.
Where the fear has gone there will be nothing. Only I will remain.”

Extras: Filter Print Post Top
Re: Southern Poverty Law Firm wires money offshore [Re: koods]
    #24600226 -

if only people (such as yourself) didn't do that. :shrug:

SirTripAlot said:
I understand that one....lol


just because there is faulty logic, doesn't make one wrong.

Quote:
OP's article describes a very well run organization with reasonable salaries, low expenses and wise investments


wait a minute! you're telling me IT CAN BE DONE?

:ohwow: maybe you can talk to the hyper-leftist Marxists about things?

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Re: Southern Poverty Law Firm wires money offshore [Re: koods]
    #24600253 -

koods said:
OP's article describes a very well run organization with reasonable salaries, low expenses and wise investments - yet somehow it is spun into an attack on the SPLC to forward a political agenda. Someone made a thread about what the word Orwellian means. That article is an example.


I can see your point to an extent. Then one cannot begrudge other business entities for doing the same?


--------------------
“I must not fear.
Fear is the mind-killer.
Fear is the little-death that brings total obliteration.
I will face my fear. I will permit it to pass over me and through me.
And when it has gone past I will turn the inner eye to see its path.
Where the fear has gone there will be nothing. Only I will remain.”

Extras: Filter Print Post Top
Re: Southern Poverty Law Firm wires money offshore [Re: akira_akuma] * 1
    #24600258 -

I doubt these charities are directly making these investment choices. Just like any other organization that isn't in the investment business, they hire financial managers to design an investment strategy. Im sure the boards of directors have to OK decisions based on recommendations, but they rely on "experts" to navigate the complexities.


--------------------
NotSheekle said
“if I believed she was 16 I would become unattracted to her”

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Re: Southern Poverty Law Firm wires money offshore [Re: akira_akuma] * 1
    #24600263 -

"just because there is faulty logic, doesn't make one wrong."

Agreed. I havent heard "fallacy fallacy" before. Made me chuckle.


--------------------
“I must not fear.
Fear is the mind-killer.
Fear is the little-death that brings total obliteration.
I will face my fear. I will permit it to pass over me and through me.
And when it has gone past I will turn the inner eye to see its path.
Where the fear has gone there will be nothing. Only I will remain.”

Extras: Filter Print Post Top
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