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Posts Tagged ‘donors’

Ludwig von Mises Institute

Upon discovering that the Ludwig von Mises Institute is a government-sanctioned and regulated tax-free 501(3)(c) organization, I looked for their publicly-available IRS disclosures.

Their latest complete tax-exempt filing available as of February 14, 2011, is for 2007.

Despite their talk of monetary inflation being bad in all cases, they owned $4 million in U.S. Treasury Bonds in 2007 (see page 17 of the PDF), which they all sold the very same year the subprime housing bubble burst.

It also shows that they owned a total of $291,164 in 32 other securities, with their biggest holdings being in PetroChina and Royal Caribbean, which they all sold at a loss in the same year, with the exception of their Allete Inc., News Corp, Buckeye Partners and AT&T shares.

It is quite possible that most, if not all, of these stocks were gifted by donors. Yet, it is an interesting portfolio for what it does and does not contain.

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hatrickpenry

AN ALTERNATIVE TO THE ALTERNATIVE MEDIA

Recovering Austrians

Supporting recovering Austrian Economics addicts and their families

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Supporting People and the Commonwealth and resisting the Money Power by defeating Usury