There was a recent Yahoo News story that elaborated on Singapore’s Philanthropy trend that appears to be alive and well in the country. You can read it here. Philanthropy is simply the donation of money to increase the well-being of a people through charitable aid or donations.
Researching a bit further, I began to wonder who is giving money to whom these days and I stumbled upon the website: www.OpenSecrets.org
On the Open Secret’s webpage, there is a list of the wealthiest corporations and special interest groups that are donating huge amounts of money in the hopes of influencing politicians in America. It may surprise you that AT&T came in at the number one position. The source of data on the website is compiled from the Federal Election Commission’s (FEC) information. The top ten are as follows:
Top 10 Heavy Hitters:
AT&T Inc: $45,299,254
American Fedn of State, County & Municipal Employees: $42,765,761
National Assn of Realtors: $36,745,023
Goldman Sachs: $32,565,702
Intl Brotherhood of Electrical Workers: $32,287,595
American Assn for Justice: $32,246,629
National Education Assn: $30,605,430
Laborers Union: $29,614,800
Teamsters Union: $28,515,934
Since this information comes directly from the FEC, I wondered what this commission represents and found this information on their website: The Congress created the Federal Election Commission in 1975 to enforce the Federal Election Campaign Act known as FECA. This statute governs the financing of federal elections.
There are six members who serve on the Commission and each is appointed by the President and confirmed by the Senate to serve a 6 year term. There must be mix of political affiliation on the Commission and no more than 3 of the members can be associated with the same political party to insure nonpartisan decisions.
You can visit the FEC website here.
Although it appears that special interest giving is alive and well in America despite all the overseeing. Think about that as November approaches and folks are vying for your vote.