POLITICO finds that testing giant, Pearson Foundation’s charitable work repeatedly has been intertwined with the Pearson corporation’s business interests, potentially in violation of tax laws. Pearson now says it will shut down the foundation, permanently and move all of its philanthropic giving in-house. This after having to pay millions in fines stemming from their unethical and illegal funding practices in New York.
The Pearson Charitable Foundation was set up as an independent nonprofit with a mission to improve teaching and learning around the globe. But it has depended almost entirely on tens of millions in contributions from its parent, global publishing giant Pearson.
According to POLITICO's Stephanie Simon, Pearson foundation has worked with the Bill & Melinda Gates Foundation to develop online courses aligned with the Common Core with the intent of letting Pearson sell most of them nationwide.
Does Pearson's foundation gambit sound a bit familiar? A little like Microsoft and the Gates Foundation, maybe? Or Walmart and the Walton Fund? It should. Increasingly these mega-corporations are using their foundations, not only to hide profits from the tax man, but to push a political agenda that benefits their ideological pursuits as well as their bottom line. Who pays for all of this? We do.