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Tipsheet

Bailed Out BofA Gives $2M to ACORN

Bank of America, one of the many banks to benefiting from a government bailout, is giving more than $2.1 million directly to the controversial interest group ACORN that engaged in fraudulent voter registration activities in the 2008 election.
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The January 29 Chronicle of Philanthropy [subscription only] reported Bank of America's Charitable Foundation is giving the interest group $2,155,000 "for efforts to prevent foreclosures and educate people about finances and purchasing homes."

The gift is being made in four separate allocations, most of them going to Chicago--the city President Obama hails from. ACORN endorsed Obama in the 2008 presidential election and actively worked to elect  him by conducting various get-out-the-vote activities. In the process of those activities ACORN submitted hundreds of fraudulent voter registration forms to local election offices.

Two of the grants, one for $2 million and another for $85,000 are being made to a Chicago ACORN corporation. Another, for $20,000, is being given to a Las Vegas chapter. And, $50,000 is being gifted to ACORN in Miami.

Bank of America also released a statement detailing their charitable giving plans from October 2007-June 2009 HERE.

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