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Transcript
Wolves and Finance:
Turning Point USA is taking in donations and then sending the money to their endowment to invest in the stock market. In my opinion, they should be spending donations on operating their nonprofit, not on buying investments. As of fiscal year 2023, they had $61 million of assets in the endowment, which was generating $1.9 million a year of investment income. Personally, I think that’s an unethical way to run a nonprofit, but that’s just my opinion. But what is important here is what happened to the missing $8.6 million—the amount sent to America’s Turning Point in fiscal year 2024.
Entities Mentioned
- Turning Point USA (ORG)
”… but I think it is unethical. Do the donors know this is how Turning Point is spending their money? Turning Point USA is taking in donations and then sending the money to their endowment to invest in the stock market…”
- United States (GPE)
“…t is unethical. Do the donors know this is how Turning Point is spending their money? Turning Point USA is taking in donations and then sending the money to their endowment to invest in the stock market…”
- 2023 (DATE)
“…ld be spending donations on operating their nonprofit, not on buying investments. As of fiscal year 2023, they had $61 million of assets in the endowment, which was generating $1.9 million a year of inves…”
- 2024 (DATE)
“…what happened to the missing $8.6 million—the amount sent to America’s Turning Point in fiscal year 2024. The amount of money sent to America’s Turning Point was getting larger and larger, and because the…”
- Wolves and Finance (ORG)
“Turning Point USA is taking in donations and then sending the money to their endowment to invest in the stock market.”