FOR IMMEDIATE RELEASE
Tides Foundation and Tides Center Statement Regarding Recent Scrutiny over Heinz Endowments
Date: March 11, 2004
Tides Foundation and Tides Center have come under attack in several opinion pieces recently appearing in media such as the The New York Post, The Wall Street Journal and The Washington Times, among others. The articles make false allegations relating specifically to Tides and the funding it receives from The Heinz Endowments, as well as Tides' support of a group called "September 11th Families for Peaceful Tomorrows." The allegations are without merit, consisting entirely of errors and innuendo.
Here are the facts: The Heinz Endowments have granted Tides Foundation $230,000 dispensed between 1994 and 1998. These grants were used solely to support a pollution prevention initiative and other environmentally friendly practices by industries in Western Pennsylvania. Tides Center, an independent organization providing administrative and financial services to hundreds of projects across the country, has received additional support from The Heinz Endowments specifically to support projects in Pennsylvania. The vast majority of the projects funded through these endowments were related to either environmental protection or youth education. No Heinz- related money has gone to fund September 11th Families for Peaceful Tomorrows. Teresa Heinz Kerry, the wife of Senator John Kerry, chairs The Howard Heinz Endowment and sits on Vira I. Heinz Endowment's board.
For the record, the Tides family of organizations is proud to provide support and services to Peaceful Tomorrows - a grassroots organization whose activities revolve around nonviolence and peaceful resolutions - through Tides Foundation, Tides Center, and Groundspring.org, an organization that provides training and web-based services for online fundraising. Tides Foundation has made four grants in 2002 and 2003 for a combined total of $34,665 to Peaceful Tomorrows. Peaceful Tomorrows has raised $19,097 through Groundspring.org since August, 2002.
Tides Foundation employs donor advised funds, the same financial vehicle administered in precisely the same way as the Fidelity Charitable Gift Fund and similar programs operated by Schwab, Vanguard, and more than 600 community foundations across the country. Tides works under the rigors of fund accounting, restricted grants, and annual audits, ensuring that all monies released by Tides are properly distributed and accounted for. Tides Center projects each raise funds for their individual program activities, with these funds being separately accounted for and administered. These funds are limited for the specific purposes for which they were given.
At Tides, our goal is a society based on fairness, equally shared economic opportunities, engaged and active citizens and environmental sustainability. In 2002 and 2003, Tides Foundation made more than 6,000 separate grants to nonprofit organizations totaling more than $100 million and Tides Center provides over 250 emerging projects with support services. Our work speaks for itself in the range of program activities that supports a diverse array of organizations working on projects from human rights to disaster relief and youth education.
Contact: Christopher J. Herrera
Tides Foundation
P: 415-561-6355
cherrera@tides.org
http://www.tidesfoundation.org/press_rel_04.cfm