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>From http://asp.washtimes.com/printarticle.asp?action=print&ArticleID=20020417-
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The Washington Times
www.washtimes.com
Boycott targets gave to Jackson
Steve Miller
THE WASHINGTON TIMES Published 4/17/2002
The Rev. Jesse Jackson's newly released tax forms for 2000 reveal that his top
donors that year were a who's who of companies that had been threatened with
boycotts or other sanctions by Mr. Jackson.
The forms also show that Mr. Jackson's Citizenship Education Fund, his primary
tax- exempt group, accepted a $50,000 donation from Kevin Ingram, a convicted
criminal and the former head of the mortgage-backed securities desks at Goldman
Sachs and Deutsche Bank.
Ingram — friends with Mr. Jackson for several years — last year pleaded guilty to
federal money-laundering charges related to Pakistani arms deals. He is in federal
prison.
The coffers of the two principal economic engines for Mr. Jackson remained full in
2000, as donations from corporate America flowed freely, the forms show.
The Citizenship Education Fund had $9,262,846 in revenue in 2000, according to
the tax forms, a $600,000 decline from the previous year. The Rainbow/PUSH
Coalition, which is tax-exempt in its home state of Illinois but does not have a
federal
exemption, saw a $300,000 increase in revenue in 2000.
Tax forms for fiscal 2001 are due in June.
Mr. Jackson's Wall Street Project, aimed at securing employment for minorities,
received $4.5 million in 2000 from the education fund.
His contributors for 2000 include many firms that have had business dealings with
Mr. Jackson in the past. Viacom, Bell Atlantic and GTE all gave to Mr. Jackson in
2000, and all have been threatened with boycotts or other sanctions by him.
Blaylock & Partners, which received a $750,000 account from AT&T at Mr.
Jackson's behest, donated $30,000 to the education fund in 2000. AT&T contributed
$425,000.
SBC Communications, which solicited and received the support of Mr. Jackson
for its merger with Ameritech, contributed $500,000.
The New York Stock Exchange, which Mr. Jackson has accused of "redlining"
minorities, donated $194,634.
Mr. Jackson's office did not return repeated phone calls.
Targets of Jackson boycott threats such as Toyota and SBC Communications
have denied any quid pro quo in their subsequent donations.
The civil rights activist is 60 years old, and his organizations continue to incur
financial setbacks, requiring a change in accounting practices and a stepped-up
effort to collect membership dues in his trade groups.
Earlier this year, Mr. Jackson laid off up to 50 employees from his top three
organizations in Chicago. His chief financial officer, Billy Owens, and Emma
Chappell, executive director of Mr. Jackson's Wall Street Project, also have
departed.
Mr. Jackson is emboldened by a following that accepts his shortcomings, said
Mark Thompson, a radio talk-show host on the District's WOL-AM.
"Jesse Jackson is still a very articulate spokesman for the African-American
community," Mr. Thompson said. "When it comes to the everyday issues that we
face, he is the man who has fought for people."
Mr. Jackson's critics use the apparent quid pro quo business dealings as "grist
for
the mill," Mr. Thompson said.
"But among his followers, there may be some concerns and some doubts, but
people are willing to hold their noses and still be supportive of him and his service
to
the community."
Mr. Jackson, who earns about $500,000 annually, has repeatedly accused his
detractors of having political motivations.
"Jesse Jackson is still telling people that the Republicans are targeting his
supporters," an estranged colleague said this week of Mr. Jackson's financial
situation.
"He has continued to decline this year, after seeing his revenue fall off last
year,"
he said on the condition of anonymity. "His revenues are down — real big. He has
these associates who have gotten into all this trouble. And it is still the
Republicans'
fault."
Mr. Jackson warned a black crowd last year that "we are in danger because of the
right wing."
"The right wing has seized government. Watch out in coming days of the right-
wing media, the FBI, the IRS, targeting our leadership," he told an audience at
November's State of the Black World Conference in Atlanta.
But many of Mr. Jackson's associates have found trouble on their own.
Miss Chappell, who is founder of the United Bank of Philadelphia, was sued by
the bank two years ago and accused of misconduct and fraud. In a confidential
agreement to settle the suit, Miss Chappell gave up her seat on the bank's board of
directors.
Mr. Jackson, though, has relentlessly pushed his agenda. In a column last week,
he insisted that President Bush is "systematically weakening the laws and regulation
on clean air, clean water, toxic wastes, workplace safety, civil rights and equal
protection."
"If they understood what was coming down, the vast majority of Americans —
whether white, black or brown, conservative or liberal, Democrat or Republican —
would oppose this president's assault on the protections and resources we need to
meet the challenges we face," Mr. Jackson wrote in a column published on the
Rainbow/PUSH Coalition Web site.
Copyright © 2002 News World Communications, Inc. All rights reserved.
Return to the article
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