Marble Freedom Trust

The Marble Freedom Trust is an American political funding group of the kind known as a 501(c)(4) social welfare organization, headed by Leonard Leo, who is trustee and chairman. It is permitted to support political candidates and causes and is exempt from disclosing its donors.[1]

History

The MFT was established in April, 2020, and by March, 2021, it had effectively been given $1.65 billion by Barre Seid. The money was transferred to the Marble Freedom Trust in the form of ownership of the electronics company Tripp Lite, by its founder and sole owner Barre Seid. In March, 2021, the company was purchased from the Trust by the Eaton Corporation, with the result that the Trust had cash assets of $1.65 billion.[1][2][3]

In the tax year ending in April 2022 the Marble Freedom Trust donated $182.7 million to other organizations and causes.[4]

In 2022 the MFT was headquartered in North Salt Lake, Utah and its administrative trustee was Tyler Green.[5]

Positions

The Marble Freedom Trust generally promotes positions and causes consistent with Conservatism in the United States.[6]

The MFT opposes the adoption of Environmental, social, and corporate governance (ESG) by corporations.[7]

References
  1. Andrew Perez; Andy Kroll; Justin Elliott (2022-08-22). "How a Secretive Billionaire Handed His Fortune to the Architect of the Right-Wing Takeover of the Courts". ProPublica. Retrieved 2023-06-23.
  2. Griffin, Drew. "New conservative group led by Trump's 'Supreme Court whisperer' gets $1.6B donation". cnn.com. CNN. Retrieved 19 October 2023.
  3. Romboy, Dennis. "How a conservative political group with Utah ties scored a $1.6B donation". deseret.com. Deseret News. Retrieved 19 October 2023.
  4. O’Brien, Rebecca Davis. "Group Tied to Influential Conservative Activist Spent $183 Million in a Year". nytimes.com. The New York Times. Retrieved 19 October 2023.
  5. Schott, Bryan. "A new conservative nonprofit group received one of the largest donations in history. Why is the organization headquartered in Utah?". sltrib.com. Salt Lake City Tribune. Retrieved 19 October 2023.
  6. McGreal, Chris. "Leonard Leo: the secretive rightwinger using billions to reshape America". theguardian.com. The Guardian. Retrieved 19 October 2023.
  7. "Conservatives Come for ESG". wsj.com. The Wall Street Journal. Retrieved 19 October 2023.
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