Governor Snyder Opens New Nonprofit Which Will Disclose Donors

Governor Rick Snyder’s “NERD” fund, the nonprofit fund that created much controversy due to the refusal to disclose its donors, will be shut down at years-end to make way for a new fund that will disclose contributors.

Those that donated the more than $1.5 million to the New Energy to Reinvent and Diversify (NERD) Fund will not have their names revealed.

Listed as a social welfare organization in the U.S. Tax code, the NERD fund was completely within the parameters of the law by choosing not to disclose their donors. The event that led to the negative publicity was the Democrats inquiring into the Education Achievement Authority that led to revealing that the NERD fund paid the salary of a top advisor to the Governor.

The situation was under more scrutiny after the revelation that the fund pays for Detroit Emergency Manager Kevyn Orr’s condominium in the city.

According to the Governor, the issue of NERD fund contributors had grown into an unnecessary distraction and the new fund will have the same goal as the old, to offset the costs of government, without having to use taxpayer dollars.

posted by PAA Online , Friday, October 25, 2013 11:16 AM
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