The Wall Street Journal reports on a letter from David Gelbaum that says he donated $47.7 million to the Sierra Club Foundation from 2005 to 2009, and $94 million to the ACLU over the same period. Yet another data point -- along with George Soros's $50 million project to reinvent economics -- that puts news that the Manhattan Institute has upped the financial ante on the Hayek Lecture to $50,000 in a different context. The Journal article reports that Mr. Gelbaum is cutting back on his giving because his investments in alternative energy are illiquid. This just underscores the point we've been making here about how government policies favoring alternative energy can be reverse-Robin Hoods. The Sierra Club backs alternative energy policies that, if implemented, will further enrich Mr. Gelbaum, who is already rich enough to lavish $47.7 million on the Sierra Club Foundation. All this is done under the charitable and tax exempt halo of "philanthropy."
A Left-Wing High Dollar Donor