＂The GUILT Of Being Wealthy＂ - How Foundations MANIPULATE Billionaire Donors
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Summary
Henry Ford was one of the richest men in the world. He was a philanthropist and philanthropist in his day, but in the end, he was a man of contradictions. He didn t believe in charitable giving, and in fact, he opposed it.
Transcript
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So in 1935, you know who was the richest man in the world?
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Let me tell you what he ends up regretting, okay, what he ends up regretting.
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Why I no longer believe in this whole concept of when I die,
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I'm going to die with zero and leave it all for charity.
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The dumbest idea in the world, after I read this to you,
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Give to charity today if you trust the person that's running it.
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do not leave in your inheritance for a charity that is going to be anybody else that could be
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running it that things could change look what happened to Henry Ford that he eventually resigned
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from the charity that he started himself so it was in the home that Edsel Ford was confronted
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with a greater challenge in 1935 Roosevelt administration pushed through tax reforms that
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demanded 70 percent of large inheritances when his father died Edsel realized the family would
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be forced to liquidate their stock and lose control of the company which bore their name so
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henry ford despite his reputation as a what he stood with charities historian william greenleaf
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estimated that elder ford donated 37.6 million to charity during his lifetime he built a world-class
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hospital in detroit as well as a henry ford museum in greenfield village in dearborn was one
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of the most important institutions dedicated to american history in the hopes preserving at least
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a part of our history and tradition he did not believe that charity meant for more financial
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donation but involved a living activity stating i do not believe in giving folks things i do believe
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in giving them a chance to make things for themselves so look how the story goes so etzel
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seemed to have worked henry ford ii and control was the most powerful person in america they
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started donation there were only two other foundation trustees both men employed by the
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ford motor company so they started charity they're running it there's only two other people part of
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the board tom and they're both working for who ford motor company the chaos came slowly then all
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at once henry ford ii was persuaded that he had a moral responsibility to democratize control of
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the foundation as was increasingly regarded as best practice for charitable organizations at the
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time so he's trying to be noble and saying hey you know what let's open it up and let's have more
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people on the board not just me since i started it and i'm giving all the money 100 the money is
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coming from me well let's open it up the number of trustees does increase and over time the these
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trustees over increased in boldness and challenging Ford's opinion he's giving the money now they're
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telling him we're not going to do that so watch this as the influence of those outside of family
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grew priorities shifted away from traditional Michigan focus of Henry Ford to now the places
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in 1950 the trustee signed the report of the study of the Ford Foundation on policy and program
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announcing five areas of action, economic improvement, education, freedom, and democracy,
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They decided that their responsibility was no longer to just Michigan, which is where he built everything.
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1953, the foundation transferred its base of operations from Detroit to where? New York City.
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It continues. Henry Ford's Detroit was left to crumble.
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By 1970s, Henry Ford's second loss of control was near total
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with then-President McGregory, McGeorge, Bundy,
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He's saying, I want to give money to Henry Ford Hospital.
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The president of the charity, named the Ford Foundation,
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says I'm not going to, I'm going to, he flat out denies
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Ford's request for donation to Henry Ford Hospital.
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Bundy had more important things to focus on on matters of the world.
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Author Heather McDonald summarized that his focus became the world.
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So imagine you're, I'm like, hey, Vinny, you're running my charity.
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More radical still was a Forrest Foundation experience of eugenics
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Motivated by the belief that global starvation was imminent
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For example, foundation official Douglas Ensminger created a large-scale sterilization program in India,
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This program infrastructure was then co-opted and made mandatory by Indian prime minister at the time,
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India Gandhi, likely influenced by Ford Foundation,
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who ordered a declaration of national emergency and embarked on a forced sterilization drive,
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which sterilized over 6 million men in 1976 alone.
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In December of that year, 1976, Henry Ford lost all control of the foundation.
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He resigned his role and said the following in protest.
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A public letter that he wrote, front page news, 1976.
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The diffuse array of enterprises upon which the foundation has embarked in recent years
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is almost guaranteed that few people anywhere will share a common perception
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of what the foundation is all about, how it sees its mission, how it serves society.
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At the time, I did it on purpose because I thought it was the right thing to do, beginning.
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I should have kept control, and this is at a New York Times story.
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The Ford Foundation remains a raging bull on this day, now totally divorced from anything the original Ford family members have recognized in the last decade.
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They have given millions to Southern Vision Alliance, a creation of the revolutionary Marxist-Leninist group, the World Workers' Party.
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The foundation grant database, accessible online, lists numerable bizarre donations, $300,000 to build grassroots Muslim power.
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$600,000, a Chinese state think tank to promote the formation of an internationally accepted ESG system with Chinese characteristics.
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In 2020, their blog proudly announced, we're seeing grantees at the forefront of change that's taken place over the last few years.
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The Lake Council of Minneapolis pledge to dismantle the police department.
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This charity started good, and now they want to get rid of the police.
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And so when you look at this, American Red Cross, half a billion dollars after the 2010 earthquake that took place, they raised.
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They raised a half a billion dollars, of which $170 million was earmarked for shelter, but just six permanent structures were built.
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The Gates Foundation spent billions of dollars to reform the U.S. school system.
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The effort ended after investigation found the interventions were ineffective.
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Madonna's $15 million raising Malawi Academy for Girls Project was destroyed
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before it broke ground, having wasted millions on salaries, cars, and golf memberships.
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And this I Promise School that LeBron James started in 2023
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had not a single eighth grade student passed the test for math in three years.
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Unless if the person running the charity is active today,
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leave 100% of the money to your family and your kids
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and do it in a proper way on what it goes to them.
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There's so pressure about putting money into charities.
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You know who's given the most money to charity in a single year
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freaking Forbes magazine becoming socialist,
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Oh, they remain a small percentage on Forbes family.
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So I think this whole concept of what they're doing right now to pressure billionaires.
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You know what Warren Buffett just announced recently?
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Never leave a penny to a single charity after you die.
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Control it to go to the right causes based on the right values.
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If it's not a cause that matches the values and principle,
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not a penny can my kids give to that organization.
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So I think this is a very weird time we're living in,
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but we've got to go back to teaching people history,
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what mistakes people made, how to do it better.
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You're setting it up so your kids have a chance at winning in life.
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There is nothing wrong with giving your kids a head start.
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If you work your ass off for all this money, give it to them.
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They don't wake up in the morning thinking about your kids and your family.
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They raised how many millions and millions of dollars,
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and they couldn't even build the thing because there were golf memberships
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and cars and what the hell are you talking about?
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After all, children should not have to save up for their parents,
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Corinthians, after all, children should not save up for their parents,
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It's our job to take care of them, not their job to take care of us.
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It's our job to give them a head start, not the other way around.
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There's so much confusion out there with what we're talking about.
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And then, oh, kids have to take care of their – I mean, don't get me wrong.
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Give to your church if you trust where the money is going to.
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I think this whole thing, as you go deeper into it,
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Folks who are making money, and our audience, a good percentage of you guys are fairly wealthy.
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Get very serious about estate planning and your living trust in place,
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or else the money is going to get wasted by somebody that doesn't have the similar cause as you.
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Pat, how much crossover is there with the barbarians to bureaucrats that you always talk about?
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You start as the barbarian, you start as the prophet, and then the bureaucrats take over,
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and they start basically imposing their will against whatever you want.
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it's the guilt it's the guilt of being wealthy it's the guilt of being successful it's the guilt
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of oh my god i'm so guilty you know i have too much money i have too much this stop it
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stop allowing you think that the founder or the person that made the billions has
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like almost like survivor's guilt yeah so henry ford that started the charity he felt guilty that
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he was too rich so let's give some money away because that's the right thing to do and you
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know what let's extend the board let's extend because these are nice people and the people
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you extend the board to come back and tell you no you can't give money to a hospital you start it's
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like wait a minute then i resign no we're not doing it that way i always find it so interesting
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when you see someone like mark benioff how do you start from being an ultra capitalist and then
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becoming basically a socialist like we just we talked about that starbucks moving a lot their
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headquarters a lot of different things that you can go with that but anyways i i want this this
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was something on my mind this weekend i want to let her out let it out to let the audience do
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whatever they want to do with it i can't tell you yesterday i'm at a football game and a lady pulls
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