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© Greg Nash Washington, D.C., Attorney General Karl Racine (D) on Thursday announced a lawsuit against the National Rifle Association (NRA) Foundation, accusing the gun rights group’s charitable arm of misuse of funds.
The suit filed accused the foundation of allowing charitable association funds for non-charitable purposes and failing to operate as an independent nonprofit, both violations of D.C. law.
“Donors gave money to fund firearms safety, firearms education and marksmanship training,” Racine said in a tweet announcing the lawsuit. “Instead, that money was diverted to support wasteful spending by the NRA and its executives.”
Racine claimed the NRA borrowed $5 million from the foundation on two occasions, once in 2017 and again in 2018. Racine also accused the foundation of paying millions in fees to the NRA with no oversight and placing the NRA’s interests above its own, in violation of its articles of incorporation.
“Because the Foundation’s Board of Trustees and executives are dominated by the NRA, and the NRA had subverted the Foundation’s independence, the Foundation has allowed itself to be financially exploited through, among other things, unfair loans and management fee payments to the NRA,” the lawsuit states.
“In allowing its funds to be diverted from charitable purposes and wasted to prop up the NRA in impermissible ways, the Foundation Board of Trustees has failed to provide meaningful oversight and failed in its fiduciary duties.”
Racine’s announcement came the same day New York Attorney General Letitia James (D) announced a lawsuit seeking to dissolve the NRA itself. The NRA is incorporated in New York, while the foundation is incorporated in the District. Both have their headquarters at the same Fairfax, Va., address.
The Hill has reached out to the NRA Foundation for comment.
Last edited by gahuntertom; 08/06/20.
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"Donors gave money to fund firearms safety, firearms education and marksmanship training,” Racine said in a tweet announcing the lawsuit. “Instead, that money was diverted to support wasteful spending by the NRA and its executives.”
NO, donors gave money under the mistaken notion that the NRA was a PRO-gun-rights group that was supposed to protect those rights from people like you, Racine.
I belong on eroding granite, among the pines.
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Campfire Ranger
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How many minutes until Ted Nugent says something?
"To compel a man to furnish funds for the propagation of ideas he disbelieves and abhors is sinful and tyrannical." -- Thomas Jefferson
We are all Rhodesians now.
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So is the NRA being being drug into court for the good of us members or because they need to be taken out of the way? I'd say the latter. If the NRA is gone we will all regret it.
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The NRA as we knew it is gone. Grieve, get over it and move on. Donate to the GOA, the SAF, and your local gun rights org.
Last edited by NVhntr; 08/06/20.
Let's Go Brandon! FJB
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At some point, the BOD, no matter how owned by Wayne they may be, has to wake up and smell the coffee.
Politics is War by Other Means
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Campfire Kahuna
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So is the NRA being being drug into court for the good of us members or because they need to be taken out of the way? I'd say the latter. If the NRA is gone we will all regret it. The NRA is not viable at the moment. Other organizations are better and more deserving of our support. The NRA was the biggest and best. "Was" being the most deserving of emphasis. There is no doubt our enemies are capitalizing on this, but they didn't cause Wayne and his buds to do what they've done.
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Campfire Ranger
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So is the NRA being being drug into court for the good of us members or because they need to be taken out of the way? I'd say the latter. If the NRA is gone we will all regret it. For the good of the DNC who doesn't want competition with its Snowflake Black Riots money
-OMotS
"If memory serves fails me..." Quote: ( unnamed) "been prtty deep in the cooler todaay " Television and radio are most effective when people question little and think even less.
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The NRA have given several large grants to my gun club. Just need to be legit.
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Question, are individual board members financially liable for the misdoings of the organization? Are members liable? Any lawyers (or anyone else) know?
Patriotism (and religion) is the last refuge of a scoundrel. Jesus: "Take heed that no man deceive you." Hebrew Roots Judaizer
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I would think the people that are close to this debacle have already envisioned what will arise out of the ashes.
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Question, are individual board members financially liable for the misdoings of the organization? Are members liable? Any lawyers (or anyone else) know? Typically, corporations will have Directors & Officers insurance policy to protect them against any claims/suits against them for decisions made/votes cast as D&O.
“There are some who can live without wild things and some who cannot.” ALDO LEOPOLD
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Question, are individual board members financially liable for the misdoings of the organization? Are members liable? Any lawyers (or anyone else) know? Typically, corporations will have Directors & Officers insurance policy to protect them against any claims/suits against them for decisions made/votes cast as D&O. Their insurance policy may not pay in this case, the theft went on too long. The audit committee & NRA's auditors are in deep trouble
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Campfire Regular
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Question, are individual board members financially liable for the misdoings of the organization? Are members liable? Any lawyers (or anyone else) know? Typically, corporations will have Directors & Officers insurance policy to protect them against any claims/suits against them for decisions made/votes cast as D&O. Their insurance policy may not pay in this case, the theft went on too long. The audit committee & NRA's auditors are in deep trouble Correct, as soon as the forensic accountants are finished determining which board members benefitted (stole) the most, lawsuits will fly amongst them. Add to that there will be many filings (federal and state) both individual and class based on behalf of the donors, benefactors, and sponsors. It will likely take years to even begin to resolve all of the filings, so the NRA is likely done, though I’m sure they will appeal to their members to send funds to “support the association’s defense.” Good luck with that.
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Gee, do you think those two lawsuits might have been coordinated? Or maybe even colluded?
Retired cat herder.
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Campfire Ranger
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Gee, do you think those two lawsuits might have been coordinated? Or maybe even colluded? Heh.
The degree of my privacy is no business of yours.
What we've learned from history is that we haven't learned from it.
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Gee, do you think those two lawsuits might have been coordinated? Or maybe even colluded? It is understood that New York and Washington D.C. officials are out to get the NRA. The question is whether the NRA (Wayne LaPierre) and by extension the NRA Board is guilty of the accusations. I tend to believe the Attorneys General have the goods on us and this is going to be a very expensive losing battle for us.
Patriotism (and religion) is the last refuge of a scoundrel. Jesus: "Take heed that no man deceive you." Hebrew Roots Judaizer
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There is some bad press going on right now that liberals are using to pounce on the NRA.
It’s going to be a lot harder to rebuild an organization that is as recognized and feared by politicians as the NRA. Nothing is out there right now. Good groups yes, but not nearly as recognized.
These suits have zero to do with the NRA’s spending habits. They have everything to do with taking away your 2nd Amendment rights. Don’t doubt that for a second.
If things at the NRA were as bad as some are saying, things would have changed through the grassroots. Like happened in 1976.
If change happens with the NRA from exterior political forces like these lawsuits, then expect that to adversely affect your 2nd Amend rights in the future.
"...aspire to live quietly, and to mind your own affairs, and to work with your hands, as we instructed you, so that you may walk properly before outsiders and be dependent on no one." - Paul to the church in Thessalonica.
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There is some bad press going on right now that liberals are using to pounce on the NRA. It’s going to be a lot harder to rebuild an organization that is as recognized and feared by politicians as the NRA. Nothing is out there right now. Good groups yes, but not nearly as recognized. These suits have zero to do with the NRA’s spending habits. They have everything to do with taking away your 2nd Amendment rights. Don’t doubt that for a second. If things at the NRA were as bad as some are saying, things would have changed through the grassroots. Like happened in 1976. If change happens with the NRA from exterior political forces like these lawsuits, then expect that to adversely affect your 2nd Amend rights in the future. It is not only exterior forces changing the NRA. If you read a sample of the comments on the 24 HCF by long time members who vow to not give another penny and realize that is but a very small sample of many thousands of long time members who feel the same. These WERE true believers. After all it is a very small percentage of NRA members that even know or follow the 24HCF. NRA is in serious trouble and if you will note the organization is politically mostly silent this crucial election year and I doubt many politicians are seeking their public endorsement.
Patriotism (and religion) is the last refuge of a scoundrel. Jesus: "Take heed that no man deceive you." Hebrew Roots Judaizer
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Let me peer into strategic minds of the Left
“The NRA is our biggest obstacle preventing gun control and banning of firearms. How do we get rid of them? Everything so far has failed. They are a united group”
“1.) start endless accusations of maleficence against their leadership. Keep the pressure on until the membership splits with the leadership.
2.) this will hurt their fundraising. If members are at odds with leadership they won’t send money.
3,) hit them multiple lawsuits to tie them up and bankrupt them.”
"The Democrat Party looks like Titanic survivors. Partying and celebrating one moment, and huddled in lifeboats freezing the next". Hatari 2017
"Hokey religions and ancient weapons are no match for a good blaster at your side, kid." Han Solo
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