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Reply #164: And where do you get your figures for this? [View All]

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PinkTiger Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-28-05 10:22 PM
Response to Reply #160
164. And where do you get your figures for this?
Edited on Tue Jun-28-05 10:48 PM by PinkTiger
You are comparing apples to oranges.

The Walton Foundation is a private foundation that gives to 503 (c) (3) organizations and public entities. In 2003 it gave $106,921,428.76. Much of this was in matching grants, meaning the organizations were required to match all or a portion of the grants with monies they raised. The money for the foundation was given by the family members from their private, personal funds. Not from Wal-Mart. The foundation had $733.9 million in it at the end of 2003.

The Gates Foundation is wonderful. It also funds public entities, many of which are not reached by other grants. Our library, for example, of which I am a member of the board, received $40,000 in computer equipment so far. But it operates differently.

A major difference in the two foundations is, while both the Gates' and the Waltons' wealth is mostly on paper, ie in unsold stock, the Gates don't share their stock with family members who have a trust agreement not to sell. As a result, they include $27 billion in stock in their company in the assets of the foundation, which at the end of 2003 totaled $33.6 billion. There are huge tax benefits in including most of his wealth in the foundation. The dividends from the stock go to this foundation, but the foundation is not able to sell the shares. Go download their balance sheets and read them.

Also, Gates often releases information on grants planned for future years, lumping them into one amount. This is not the same way the Walton Foundation operates. As I said above, the Waltons individually hold stock in Wal-Mart, but as heirs and in holdings that are not open for divestiture. Two of the sons, John and Rob, held/hold substantial private holdings in stock that they could sell; these shares were given to them as payment for serving on the board.

Please do your homework before mouthing off about things you don't understand.

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  -ABC News headline: WalMart Heir dies in Small Plane Crash muriel_volestrangler  Jun-27-05 07:08 PM   #0 
  - Was the plane made in china....  The Straight Story   Jun-27-05 07:10 PM   #1 
  - Gawd! That was my first thought!  displacedtexan   Jun-27-05 07:11 PM   #4 
  - Maybe he will be re-incarnated as a slave laborer...  The Straight Story   Jun-27-05 07:12 PM   #7 
     - We may hope that he reincarnates as a slave.  Matilda   Jun-27-05 08:52 PM   #49 
     - If there is any justice  Greylyn58   Jun-28-05 12:19 AM   #101 
     - he resisted being involved in the WalMart business and only joined the....  ElsewheresDaughter   Jun-28-05 10:00 AM   #132 
        - It's never the evil  bitchkitty   Jun-28-05 11:08 AM   #136 
           - kitty  5thGenDemocrat   Jun-28-05 05:45 PM   #156 
  - The trained pilot's job was outsourced  China_cat   Jun-27-05 07:11 PM   #5 
  - You are so bad, making me laugh at that. lol  genieroze   Jun-28-05 01:50 AM   #105 
  - No, but the fuel was a blue-light special  despairing optimist   Jun-28-05 09:10 PM   #162 
  - Deleted message  Name removed   Jun-27-05 07:11 PM   #2 
  - Hear hear!  politicaholic   Jun-27-05 07:14 PM   #9 
     - GOP loves WalMart because they are anti-union, anti-worker,  driver8   Jun-27-05 07:25 PM   #12 
        - The GOP loves The Waltons because...  Tandalayo_Scheisskopf   Jun-27-05 08:33 PM   #44 
        - John Walton's campaign contributions (complete list)  President Jesus   Jun-27-05 11:29 PM   #96 
        - It did say he was a philanthropist .Wonder if that was about  anitar1   Jun-28-05 03:12 AM   #110 
        - Was the plane built by a non-union worker with no benefits?  dbaker41   Jun-27-05 10:37 PM   #77 
  - It is fun and safe, if you know what you're doing and are careful.  uppityperson   Jun-27-05 07:11 PM   #3 
  - If you go the $$, you want the toys!  napi21   Jun-27-05 07:12 PM   #6 
  - Yep, these people do not get much of my sympaty..  waynew706   Jun-27-05 07:14 PM   #8 
  - *walmart jingle* "Smile!.... Put on a happy face!"...  Endangered Specie   Jun-27-05 07:22 PM   #10 
  - Rapture  malaise   Jun-28-05 04:26 PM   #147 
  - I've flown to Alaska and the Bahamas in small Cessna planes....  ModRepubinPA   Jun-27-05 07:25 PM   #11 
  - Especially not the Silver Star Green Beret Vietnam vet in the family  St. Jarvitude   Jun-27-05 07:56 PM   #28 
     - Actually, all the Waltons are decent people.  PinkTiger   Jun-27-05 10:30 PM   #75 
        - Decent people don't treat their employees like slaves  dbaker41   Jun-27-05 10:39 PM   #79 
        - But they aren't the COMPANY.  PinkTiger   Jun-27-05 10:42 PM   #80 
        - Are you saying they don't own a BIG CHUNK of the company?  dbaker41   Jun-27-05 10:44 PM   #82 
        - They have like Zip to do with it all.  PinkTiger   Jun-27-05 11:09 PM   #88 
           - Then I pity them their riches. It must be such a burden.  dbaker41   Jun-27-05 11:15 PM   #91 
           - Sorry, but they own many shares of the company  high density   Jun-27-05 11:45 PM   #97 
           - "not allowed to divest"? how does that work?  ima_sinnic   Jun-28-05 01:45 AM   #104 
        - The bulk of their fortune is  JNelson6563   Jun-28-05 06:29 AM   #121 
        - Ignorance,I suppose, is bliss. You don't have a clue.  PinkTiger   Jun-28-05 09:40 AM   #123 
           - Depositing the dividend checks is more than "ceremonial in nature"  Toucano   Jun-28-05 08:05 PM   #160 
              - And where do you get your figures for this?  PinkTiger   Jun-28-05 10:22 PM   #164 
        - The Waltons are scum.  Algorem   Jun-27-05 10:52 PM   #83 
        - Yay!He wins!Richest man in the graveyard.  Algorem   Jun-27-05 10:54 PM   #85 
        - That's the truth, no one beats death, he'll decay like everyone else. nt  Catfight   Jun-28-05 05:40 AM   #117 
        - Wal-Mart is scum.  PinkTiger   Jun-27-05 11:14 PM   #90 
        - The Waltons are scum.  Algorem   Jun-27-05 11:20 PM   #93 
        - When Sam Walton was alive things were different  auburngrad82   Jun-28-05 06:21 AM   #120 
        - So  liberalmike27   Jun-28-05 09:46 AM   #126 
        - You are so wrong.  PinkTiger   Jun-28-05 02:03 PM   #144 
           - And how exactly do you know this?  dbaker41   Jun-28-05 04:29 PM   #148 
              - When someone owns a large amount of stock  PinkTiger   Jun-28-05 09:59 PM   #163 
        - Yeah, they are  warrens   Jun-28-05 10:23 AM   #134 
        - A little about the Walton heirs activities.  yebrent   Jun-28-05 06:04 PM   #157 
  - very good question for traveling, but he was having fun. ARTICLE here:  truthisfreedom   Jun-27-05 07:27 PM   #13 
  - It was an ultra light  Jacobin   Jun-27-05 07:30 PM   #17 
  - Especially in mountain turbulence. Pay your money; take your chances.  DemoTex   Jun-27-05 09:18 PM   #52 
  - G'night, John Boy  SoCalDem   Jun-27-05 07:53 PM   #25 
  - "Philanthropist" (???) somehow that  Piperay   Jun-27-05 08:01 PM   #32 
     - that was my first reaction - philanthropist?!  genevat   Jun-27-05 09:34 PM   #59 
     - It's a Wal-Mart press release  high density   Jun-27-05 11:48 PM   #98 
     - With a net worth of $18.2 billion, what will Jesus say  DainBramaged   Jun-28-05 01:52 AM   #106 
        - Diablo did speak to him  saigon68   Jun-28-05 02:48 AM   #109 
  - With fewer heirs to share the booty they can afford an employee raise.  Catshrink   Jun-27-05 07:27 PM   #14 
  - Fat'll just be rolled into the surviving heirs  Roland99   Jun-27-05 08:25 PM   #39 
     - You guys don't get it, do you????  PinkTiger   Jun-27-05 10:35 PM   #76 
        - The foundation is a tax break.  dbaker41   Jun-27-05 10:42 PM   #81 
        - Do you feel the same way about the Kennedys and the Heinz-Kerrys?  Charlie Brown   Jun-27-05 10:53 PM   #84 
        - And what currently-corrupt businesses do you tie the Kennedys to?  dbaker41   Jun-27-05 11:05 PM   #87 
        - Joseph Kennedy most definitely made his fortune from crooked stock trading  Charlie Brown   Jun-27-05 11:18 PM   #92 
           - So are Bush, Cheney, Rumsfeld, et al.  dbaker41   Jun-27-05 11:20 PM   #94 
           - I thought that Joe Kennedy made his money during prohibition ...  420inTN   Jun-28-05 09:57 AM   #130 
              - Yeah, I thought Joe was a bootlegger too!  dbaker41   Jun-28-05 04:42 PM   #150 
        - I can't speak for the others  liberalmike27   Jun-28-05 09:53 AM   #127 
           - Do Soros, Heinz-Kerry, and the Kennedys have too much money?  420inTN   Jun-28-05 04:50 PM   #152 
              - The simple answer is yes.  SquireJons   Jun-28-05 10:52 PM   #167 
        - The Foundation has nothing to do with the company.  PinkTiger   Jun-27-05 11:11 PM   #89 
           - Foundations do have legal obligations.  daleo   Jun-28-05 12:02 AM   #99 
           - Give Me a break....  SquireJons   Jun-28-05 04:48 AM   #112 
           - 10% of their annual income to charity  TX-RAT   Jun-28-05 04:52 PM   #154 
              - Mormons  SquireJons   Jun-28-05 09:05 PM   #161 
           - Dude  liberalmike27   Jun-28-05 09:57 AM   #129 
           - Do they own 51% or do they have controlling interest?  TX-RAT   Jun-28-05 04:50 PM   #153 
           - Are you saying the Waltons have NO influence on Wal-mart's policies?  0rganism   Jun-28-05 02:28 PM   #145 
        - I knew I'd read about that education foundation somewhere before.  shockra   Jun-28-05 06:05 AM   #118 
        - I always wondered  vanboggie   Jun-28-05 06:11 AM   #119 
        - When have the uninformed ever let ignorance get in the way of an opinion?  420inTN   Jun-28-05 09:43 AM   #124 
        - "You guys don't get it, do you????  TX-RAT   Jun-28-05 04:47 PM   #151 
  - ultra-light crashes are remarkably common and in the news this month...  truthisfreedom   Jun-27-05 07:28 PM   #15 
  - I guess  laptoprepairguy   Jun-28-05 12:34 PM   #137 
  - This is insensitive, but now that he's dead, do you think they will  rzemanfl   Jun-27-05 07:29 PM   #16 
  - "Small Plane Crash"  meganmonkey   Jun-27-05 07:33 PM   #18 
  - NOT a small plane  Jacobin   Jun-27-05 07:40 PM   #22 
  - A kite with a motor.  benburch   Jun-27-05 07:48 PM   #23 
  - My thoughts exactly.  zann725   Jun-28-05 02:04 AM   #107 
  - I wonder what he had on Bushco...  rateyes   Jun-27-05 07:33 PM   #19 
  - ummm  St. Jarvitude   Jun-27-05 07:54 PM   #27 
  - I think you better loosen your tin foil hat. n/t  RebelOne   Jun-28-05 06:33 AM   #122 
  - one down...  GTRMAN   Jun-27-05 07:35 PM   #20 
  - Vietnam war hero? Philanthropist?  Straight Shooter   Jun-27-05 07:36 PM   #21 
  - He's cut from the same cloth  lwfern   Jun-27-05 07:57 PM   #29 
     - Oh, dear. Just when I was trying to think kind thoughts of the dead.  Straight Shooter   Jun-27-05 07:58 PM   #31 
     - Just looked at the first page  PsN2Wind   Jun-27-05 08:19 PM   #35 
     - Look! He was into Joementum...  PassingFair   Jun-27-05 08:29 PM   #41 
     - He donated to Joe!  insane_cratic_gal   Jun-27-05 09:02 PM   #50 
        - I guess Joe likes his bread buttered ...  Tommymac   Jun-27-05 09:35 PM   #60 
           - Not shedding a tear  insane_cratic_gal   Jun-27-05 10:11 PM   #71 
  - Ultralight = Easy Darwin Award nomination. There, I've said it. (nt)  Commie Pinko Dirtbag   Jun-27-05 07:52 PM   #24 
  - I believe you don't even need a pilot's license  KC21304   Jun-27-05 08:22 PM   #37 
  - Nonqualifier for the Darwin. Acknowlged offspring.  Porcupine   Jun-27-05 10:24 PM   #74 
  - RIP  wicket   Jun-27-05 07:54 PM   #26 
  - The last sound he heard?  RUMMYisFROSTED   Jun-27-05 08:04 PM   #33 
     - His plane went "rolling rolling rolling...." (nt)  The Straight Story   Jun-27-05 08:21 PM   #36 
  - Look out below...  patalicat   Jun-27-05 07:57 PM   #30 
  - I wish that this  Piperay   Jun-27-05 08:04 PM   #34 
  - Very disheartening to see folks dancing on a man's grave  Charlie Brown   Jun-27-05 08:23 PM   #38 
  - Would Wal-Mart give a damn if one their employees were killed in..  AX10   Jun-27-05 08:33 PM   #43 
  - So he deserved to die b/c of Wal Mart's business policies?  Charlie Brown   Jun-27-05 08:39 PM   #45 
  - Well, I guess his time was up.  amber dog democrat   Jun-27-05 08:42 PM   #46 
  - "deserved to die" was notwhat was said. Why should we care is the point.  havocmom   Jun-27-05 09:18 PM   #53 
     - what a mom you must be  antfarm   Jun-27-05 09:32 PM   #57 
        - People who know me tend to think highly of me  havocmom   Jun-27-05 10:38 PM   #78 
  - Actually, they might  lastliberalintexas   Jun-28-05 10:22 AM   #133 
  - Thank you.... GREAT post.  Misunderestimator   Jun-28-05 04:31 PM   #149 
  - Wal-Mart is not a person.  PinkTiger   Jun-28-05 10:52 PM   #166 
  - Well, if he had been a better person  clovis29   Jun-27-05 08:43 PM   #47 
  - what do you know about him to make such a judgment  onenote   Jun-27-05 10:20 PM   #72 
     - Yeah, he was utterly helpless, right?  lolly   Jun-28-05 12:22 AM   #102 
  - Or we could just stifle ourselves. This man's death will do nothing...  DeepModem Mom   Jun-27-05 08:49 PM   #48 
  - some people  antfarm   Jun-27-05 09:34 PM   #58 
     - And some people can't resist being apologists for the rapacious idle rich  mitchum   Jun-28-05 04:22 PM   #146 
  - Have you forgotten the "dead peasant" insurance?  dansolo   Jun-27-05 09:30 PM   #55 
  - What does this have to do with John Walton?  Charlie Brown   Jun-27-05 10:59 PM   #86 
     - perhaps thats the point.....  Henny Penny   Jun-28-05 05:31 AM   #116 
  - He couldn't take all that money with him now could he?  TheGoldenRule   Jun-27-05 11:24 PM   #95 
  - Recreation off of the backs of the poor.  sleipnir   Jun-27-05 08:26 PM   #40 
  - Philanthropist, man, he must have given away more money...  pinniped   Jun-27-05 08:30 PM   #42 
  - Here's one of his philanthropic recipients. (KIPP)  barbaraann   Jun-27-05 09:07 PM   #51 
  - I can't help putting on my tinfoil hat here!!!  lovuian   Jun-27-05 09:28 PM   #54 
  - 'Night, John-Boy...  americanstranger   Jun-27-05 09:31 PM   #56 
  - Son of Wal-Mart founder killed in plane crash  Javaman   Jun-27-05 10:01 PM   #61 
  - husband is not getting ultralight now  medeak   Jun-27-05 10:01 PM   #62 
  - I heard they just went on sale at china-mart ;)  Javaman   Jun-27-05 10:01 PM   #63 
     - Yep...prices for ultra-lights are falling at Wal-mart!  kanrok   Jun-27-05 10:01 PM   #64 
        - That's prices right? ;) lol  Javaman   Jun-27-05 10:01 PM   #67 
  - Remember how they insured their old employees and collected when they died  Democrats_win   Jun-27-05 10:01 PM   #65 
  - I thought that was an urban legend...  theshadow   Jun-27-05 10:01 PM   #68 
  - Weird...ultralights almost have to be persuaded to crash...  karlrschneider   Jun-27-05 10:01 PM   #66 
  - Is some of the life insurance going to the WalMart workers?  BRLIB   Jun-27-05 10:01 PM   #69 
  - I imagine the other heirs are happy tonight  mitchum   Jun-27-05 10:01 PM   #70 
  - OMG! There was just a Dilbert like this...  hootinholler   Jun-27-05 10:21 PM   #73 
  - Ruthless Reviews said it best  Sandpiper   Jun-28-05 04:48 AM   #113 
  - My prayers are with the family.  deadparrot   Jun-28-05 12:08 AM   #100 
  - Dumb rich guys + experimental aircraft  Demgirl   Jun-28-05 01:30 AM   #103 
  - I have seen a lot of fools so this does not surprise me  nolabels   Jun-28-05 02:39 AM   #108 
  - An ultra-light - wasn't that the same type plane...  ngGale   Jun-28-05 03:16 AM   #111 
  - think any of them learned  TheModernTerrorist   Jun-28-05 05:02 AM   #114 
  - You know, for a minute there, I thought this board would be riddled...  ALiberalSailor   Jun-28-05 05:13 AM   #115 
  - Those poor,poor billionaires.  Algorem   Jun-28-05 06:45 PM   #158 
  - RIP n/t  Politicub   Jun-28-05 09:45 AM   #125 
  - Sad, but at least he had some beautiful scenery to look at before he went  noonwitch   Jun-28-05 09:54 AM   #128 
  - was he a Progressive, not warned him to stay out of small planes?  ElsewheresDaughter   Jun-28-05 09:57 AM   #131 
  - Progressive Wall-mart heir?  SquireJons   Jun-28-05 12:51 PM   #140 
  - Who the #$%^&*@ cares????  Brooklyn Michael   Jun-28-05 10:26 AM   #135 
  - good riddance to bad rubbish. Lookout satan!!!!  captain jack   Jun-28-05 12:39 PM   #138 
  - But what will become of John-Boy and Walton's Mountain?  RetroLounge   Jun-28-05 12:45 PM   #139 
  - Karma???  Megahurtz   Jun-28-05 01:27 PM   #141 
  - Seems to me Karma would effect everybody equally if not for a few other...  nolabels   Jun-28-05 02:00 PM   #143 
  - Poor poor Luke  rlc   Jun-28-05 01:44 PM   #142 
  - It is sad.Darkness,sadness,all around.  Algorem   Jun-28-05 06:49 PM   #159 
  - Karma is a bitch  MrScorpio   Jun-28-05 05:08 PM   #155 
  - Karma had little to do with it.  PinkTiger   Jun-28-05 10:50 PM   #165 
  - As always, in such situations, my feelings go out to the family  derbstyron   Jun-28-05 11:07 PM   #168 

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