Mitt Romney's record of charitable giving reflects more than generosity. For a Republican presidential nominee who has struggled to be seen as right-wing enough for the GOP, he has deployed the right checks to the right places to help build his conservative credibility. And while many of those donations are not controversial, others have included checks to the religious right and an established anti-gay group.
The Romneys, of course, have been hugely generous to many causes -- most of them nonpolitical -- through their Tyler Charitable Foundation, and through their own personal checkbook. For more than a decade, their foundation has given millions to their church, along with health care charities, humanitarian causes, education and social groups.
But starting at the end of 2005, around the time Romney was gearing up for his first presidential run, the Romneys' foundation started giving to highly conservative organizations.
Since then, the Tyler Charitable Foundation has given at least $260,000 to GOP causes and influential conservative groups, including a gift of $100,000 to the Friends of George W. Bush Presidential Library in 2010.
As recently as this week, GOP hardliners have questioned Romney's conservative bona fides. But through his foundation's giving, it appears that Romney has tried to align himself with more squarely with conservative groups. There is nothing to suggest that the gifts were anything other than donations, but they underscore Romney’s own transformation from a moderate to a conservative Republican.
Some of his gifts have been partisan, but the foundation passes the legal sniff test, said Daniel Borochoff, president of Charity Watch, a watchdog group. There is no evidence of self-dealing, Borochoff said, and the foundation's giving record is well above the law’s requirement for payouts.
Celebrities often set up charitable arms, such as foundations, as a way to channel their wealth and build good will. The Romneys are no different.
In 2005, the Romneys made a $25,000 donation to conservative think tank the Heritage Foundation, which includes among its trustees Steve Forbes. The same year, the foundation gave $25,000 to The Federalist Society, another conservative think tank. Romney gave to both organizations in 2006 as well, the Boston Globe reported.
In 2006, the foundation also gave $10,000 to the Massachusetts Family Institute, which promotes programs to “pray away the gay” and argues that sexual orientation is a choice that can be be cured, Mother Jones reported.
In 2008 the foundation gave $25,000 to The Becket Fund, a conservative religious rights group that has filed several lawsuits against President Barack Obama over birth control mandates. The Romneys' foundation also has given to conservative political interest groups in Massachusetts over the years, the Boston Globe reported.
The foundation made several gifts, including one of $5,000 in 2010, to the Best Friends Foundation, which promotes sexual abstinence in teens and was founded by the wife of William Bennet, a conservative who has made controversial remarks about abortion. It's also a favorite charity of Fox News' Bill O’Reilly.
The foundation's 2011 tax returns have not yet been filed.
The Romneys have been the sole donors of more than $10 million over the years to their foundation, using their charitable contributions to help lower their tax bill.
The Romneys created the foundation back in 1993, but it was largely inactive until 1999, when the couple moved more than $3.6 million in tech stocks to the foundation, the Boston Globe has reported. The following year, the Romneys renamed the foundation the Tyler Charitable Foundation, for the street they lived on in Belmont, Mass. Since 2000, the Romenys have actively used the foundation to give money to their causes.
Last year, the Romneys reported giving about $1.5 million to their foundation. In 2010, Mitt Romney moved stock from two companies from his personal account to the foundation, saving himself hundreds of thousands of dollars in taxes, The Huffington Post reported.
Setting up a private foundation is common way for wealthy individuals to manage their charitable giving and reap tax benefits. By law, a private foundation usually must pay out at least 5 percent of its assets each year. The majority of private foundations pay out 5 percent to 6 percent of their assets, according to the Foundation Center. The Romneys' foundation pays out about 6.5 percent of its assets.
The foundation represents only a portion of the Romneys charitable giving. According to the Republican nominee's tax records, the Romneys gave nearly 30 percent of their income in 2011 to charity, with the largest portion going directly to The Church of Jesus Christ of Latter-day Saints.
SEC Filings List Romney As 'Chief Executive Officer'
According to the <em><a href="http://www.boston.com/news/politics/articles/2012/07/12/government_documents_indicate_mitt_romney_continued_at_bain_after_date_when_he_says_he_left/" target="_hplink"><em>Boston Globe</em></a></em>, Securites and Exchange Commission documents filed by Bain Capital after February 1999 list Romney as the private equity firm's "stole stockholder, chairman of the board, chief executive officer, and president."
The <em><a href="http://www.boston.com/news/politics/articles/2012/07/12/government_documents_indicate_mitt_romney_continued_at_bain_after_date_when_he_says_he_left/" target="_hplink">Globe</a></em> also found financial disclosure forms filed by Romney that indicate he still owned 100 percent of Bain in 2002, and earned at least $100,000 as an "executive" for the firm in 2001 and 2002.
As <a href="http://www.huffingtonpost.com/2012/07/12/mitt-romney-bain-departure_n_1669006.html?utm_hp_ref=politics" target="_hplink">The Huffington Post</a> reported, sworn testimony given by Romney in 2002 undermined his claims that he left Bain in 1999. In that testimony, given as part of a hearing to determine if he had sufficient Massachusetts residency to run for governor, Romney said that he "remained on the board" of the LifeLike Co., which Bain held a stake in at the time. LifeLike's 2000 <a href="http://www.sos.state.co.us/biz/ViewImage.do?fileId=20001165127&masterFileId=19961077091" target="_hplink">corporate filing</a>, filed with the state of Colorado, lists Romney as a director.
More SEC Filings
HuffPost's Jason Cherkis and Ryan Grim identified at least <a href="http://www.huffingtonpost.com/2012/07/13/mitt-romney-bain-sec_n_1671819.html" target="_hplink">six documents</a> filed by Bain Capital with the SEC from 1999 to 2001 that were signed by Mitt Romney. Most of the documents refer to Romney as the "reporting person."
'Managing Member' In 2002
HuffPost <a href="http://www.huffingtonpost.com/2012/07/15/mitt-romney-bain-capital_n_1674209.html?utm_hp_ref=politics" target="_hplink">reported</a> on a 2002 corporate document filed with the state of Massachusetts that shows Romney listed as one of two managing members of Bain Capital Investors, an entity of the private equity firm.
Signed Documents After 1999
Romney signed an SEC filing in November 1999 pursuant to Bain's partial acquisition of medical-waste firm Stericycle, <em><a href="http://www.motherjones.com/politics/2012/07/mitt-romney-bain-financial-disclosure" target="_hplink">Mother Jones</a></em> reported. The filing noted that he was the "sole shareholder, Chairman, Chief Executive Officer and President" of the Bain entities involved in the $75 million deal.
2001 & 2002 SEC Filings
<a href="http://talkingpointsmemo.com/archives/2012/07/no_romney_didnt_leave_bain_in_1999.php" target="_hplink">Talking Points Memo</a> uncovered two SEC filings from July 2000 and February 2001. In both, Romney lists his "principal occupation" as "Managing Director of Bain Capital, Inc."
1999 News Reports
As Slate's <a href="http://www.slate.com/blogs/weigel/2012/07/13/did_the_romney_campaign_create_the_swift_yachting_story_.html" target="_hplink">Dave Weigel</a> pointed out, Romney's campaign has cited news reports from 1999 that clearly state that Romney left Bain in 1999. However, those same news reports state that Romney would still be involved with the company. "Romney said he will stay on as a part-timer with Bain, providing input on investment and key personnel decisions," read one such report from the <em>Boston Herald</em>
Former Partner Speaks Out
A former Bain Capital partner, Ed Conard, said during an appearance on MSNBC's "<a href="http://upwithchrishayes.msnbc.msn.com/_news/2012/07/15/12751962-former-bain-capital-partner-says-romney-was-legally-ceo-of-bain-capital-until-2002" target="_hplink">Up W/Chris Hayes</a>" that Romney was "legally" the CEO and sole owner of Bain Capital until 2002, as an ownership battle dragged on after Romney left to take over the Salt Lake City Olympics. "We had a very complicated set of negotiations that took us about two years for us to unwind. During that time a management committee ran the firm, and we could hardly get Mitt to come back to negotiate the terms of his departure because he was working so hard on the Olympics," Conard said.
Relationships With Problematic Companies
HuffPost's Sam Stein <a href="http://www.huffingtonpost.com/2012/07/16/mitt-romney-bain-capital_n_1677133.html" target="_hplink">reported</a> that SEC filings link Romney to politically problematic companies after his alleged 1999 departure from Bain: <blockquote>A Huffington Post review of SEC files unearthed six separate occasions in which Romney was listed as a member of "the Management Committee" of both Bain Capital Investment Partners and BCIP Trust, "deemed to share voting and dispositive power with respect to" shares held of DDi. In one of those filings, Romney is listed as president and managing director of Bain Capital, Inc. The dates of those filings range from April 14, 2000 to May 10, 2001 -- all after Romney had left for Salt Lake City. In one March 2001 filing, Romney signed the document as the "reporting person."</blockquote>
According at a <a href="http://www.huffingtonpost.com/2012/07/16/mitt-romney-bain_n_1677259.html" target="_hplink">document</a> filed with the California Secretary of State's office in July 1999, Romney was listed as a "general partner" at Bain Capital Partners. Romney's signature appears on the document. Romney remained on record as a general partner until California was notified of his resignation in June 2003.