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DeMint rakes in Heritage cash


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212233-demint-rakes-in-heritage-cashThe Hill:

The Heritage Foundation’s annual revenue grew by 31 percent during former Sen. Jim DeMint’s (R-S.C.) first year as the conservative think tank’s president.


That dramatic increase was fueled by a $25.9 million contribution from an unnamed donor, according to a copy of Heritage’s 990 tax form covering fiscal 2013 obtained by The Hill.


Heritage revealed in a September press release that it received $26 million from the family of Kathryn and Shelby Cullom Davis, who was a member of its board of trustees from 1979 to 1992.

Heritage’s expenses totaled $80 million last year compared to $82 million in 2012.

DeMint received $614,000 in compensation in 2013 from Heritage, including his $380,000 base salary and a $200,000 bonus, according to the tax document.

When the Republican announced his resignation from the Senate in 2012 to become president of Heritage, it was reported at the time that he would likely earn $1 million.Scissors-32x32.png

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