Koch family foundations
Philanthropy of Charles and David H. Koch / From Wikipedia, the free encyclopedia
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The Koch family foundations are a group of charitable foundations in the United States associated with the family of Fred C. Koch. The most prominent of these are the Charles Koch Foundation and the David H. Koch Charitable Foundation, created by Charles Koch and David Koch, two sons of Fred C. Koch who own the majority of Koch Industries, an oil, gas, paper, and chemical conglomerate which is the US's second-largest privately held company.[1] Charles' and David's foundations have provided millions of dollars to a variety of organizations, including libertarian and conservative think tanks. Areas of funding include think tanks, political advocacy, climate change denial, higher education scholarships, cancer research, arts, and science.
In May 2019, the Kochs announced a major restructuring of their philanthropic efforts. Going forward, the Koch network will operate under the umbrella of Stand Together, a nonprofit focused on supporting community groups. The stated priorities of the restructured Koch network include efforts aimed at "increasing employment, addressing poverty and addiction, ensuring excellent education, building a stronger economy, and bridging divides and building respect".[2]