More tax evasion by Gary Michelson. He hides assets in non-profits, Forbes, billionaire

Gary Michelson said he was going to give all his money away to charity. Years after he formed these non-profits he hadn't funded them. After I wrote a few articles about this he finally funded the Michelson Medical Research Foundation. He put in $108M and spent about $4M. The $4M he spent on Found Animals. $104M is just sitting there as stocks, bonds, banking accounts, funds making interest and increasing in value. This is probably why he is the only director of the organization. He wants to control his money which is just sitting in there not helping anyone or his mission statement.

http://www.guidestar.org/FinDocuments/2011/954/551/2011-954551615-08b9ed7f-F.pdf

He also started a new non-profit fund called Found Animals Legislative Fund Inc. I will check that out to see if that is what paid the author and lobbyist, pr, media person to write the "White Paper." https://bulk.resource.org/irs.gov/eo/2013_08_EO/27-4529197_990O_201212.pdf He modeled this after HSUS's legislative fund. Gary put $10,000,000 into it. It's purpose is to get bills passed. Like the one that just failed? The fund spent $5K. I think this was the $5K Gary paid to a lawyer to write an appeal in the Colorado Breed Specific Legislation against pit bulls. That means that $9,995,000 is sitting in a non-profit making interest and increasing in value without having to pay taxes on it.

Gary has funds named after his dogs Bull and Gracie. http://www.corporationwiki.com/California/Los-Angeles/found-animals-legislative-fund-inc/66454633.aspx

He lists that one holding is Karlin Oppotunity (sic) Fund LLC. He lists loans he made on real estate. This really looks like tax evasion. And here Gary Michelson says non-profit art museums are "just tax evasion." He should talk. Again, he is the sole director. Generally you need at least three directors. He changed that because I believe he fears being kicked off his own board. Now he can use this non-profit for tax evasion and personal dealings. His medical research non-profit gave $4.5M to Found Animals as part of one of its goals? He also gave money to 20 Million Minds which has to do with text books.Gary admits he spends zero hours a week working on the non-profit.He started another group named after himself, "Michelson foundation and business plan competition." "I never name things after myself, neva eva." He also donated money to support patent education. He only gave a few thousand to spinal cord research. This non-profit is not giving money toward it's main goal which is medical research. I'm no accountant but it looks like tax evasion to me. Originally Gary said the foundation was to support research into helping people with bad backs.

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