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Trust-Funder Fractivism Finances Delaware Riverkeeper

cost of renewables - Tom ShepstoneTom Shepstone
Natural Gas NOW

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The Delaware Riverkeeper a/k/a Povertykeeper is financed by wealthy trust-funders who include not only the Haas family but also R. Bruce and Susan Wallace.

Over and over again we find fractivism is financed primarily by wealthy second, third and fourth-generation trust-funder types whose only claim to career is “philanthropist.” The Parks, the Rockefellers, the Heinz family, the Haas family, etc. They use inherited wealth accumulated from the brilliant initiatives of their forebears to assuage their own guilt and sense of inferiority at having all the money and none of the talent of those ancestors. They squander it in potlatch displays of virtue signaling.

Radical ideologues, of course, know exactly how to manipulate these useful idiots. Prime among them is the Delaware Riverkeeper organization, which has conned the all too receptive Haas family out of millions. It is now doing the same with two individuals who are dispensing with fortunes made in ceramics and seed corn as the Woodtiger Fund.

I wrote about the Woodtiger Fund back in August, 2015, explaining its role in distributing the Henry Wallace fortune and noting it had given the Delaware Riverkeeper some $550,000 in 2013 to pursue its radical agenda. I also observed its website consisted solely of this ridiculous image:

Delaware Riverkeeper

The Woodtiger Fund was formed in 2009 as a spinoff from the Henry Wallace family of foundations, which spend the fortune made by the former Vice-President with a company called Pioneer Hi-Bred (a seed company). It is a private foundation with over $66 million in assets and a board composed of Robert Bruce Wallace (grandson of Henry Wallace), his wife Susan Wallace and the Executive Director Damon Ahern. Since then, it is has given a minimum of $2,360,000 to the Delaware Riverkeeper to finance its anti-gas activities, including “efforts to secure strong legal tools, policies and decisions that will protect local streams and the Delaware related to Marcellus Shale development.”

Additionally, 990 returns also reveal Woodtiger has paid out several thousand dollars to Curtis & Heefner, the law firm where Jordan Yeager, the Delaware Riverkeeper’s radical attorney hangs his hat.

Who are the Wallaces? Well, a 1974 “Special to the New York Times” certainly provides a clue. Here are a few telling excerpts:

The marriage of Susan McFadden, daughter of Mr. and Mrs. Charles A. McFadden of Medford, N. J., to Robert Bruce Wallace took place yesterday afternoon in Point pleasant, Pa. The bridegroom, known as Bruce, is the son of Mr. and Mrs. Robert B. Wallace of Washington and Spring Valley, Pa., and a grandson of the late Henry A. Wallace, Vice President of the United States under President Franklin D. Roosevelt…

The bride, who received a bachelor’s degree in fine arts from the College of New Rochelle, will continue studying ceramics at the Tyler School of Art of Temple University. Her father is president of Bickley Furnaces, Inc., Philadelphia, and its associate, Bickley GmbH of Unna, Germany.

Mr. Wallace, an alumnus of the Buckingham Friends School and Phillips Academy in Andover, Mass, studied at Eton College in Windsor, England, for a year and graduated with the class of ’71‐from the University of Pennsylvania. He is a second‐year student at the Pennsylvania Academy of the Fine Arts. His father is co‐chairman of the Population Crisis Committee in Washington.

Susan Wallace, who says she has a degree in “folklore” from the University of Pennsylvania  describes herself as a philanthropist and is a board member of Bat Conservation International. Ironically, her family was in the ceramic industry, and her father’s old firm (now merged with another) still sells high performance burners used in the industry; burners that typically depend upon natural gas she now invests millions in fighting.

delaware roverkeeper

R. Bruce Wallace, Susan’s husband, lists his occupation as “artist” in making political donations. What kind of art he produces isn’t clear, but what is perfectly obvious is that neither of the Wallaces have to worry about earning an income. They’re trust-funders for all practical purposes; children of wealth who can pursue art, folklore and pet causes for leisure. They’re are on a crusade to tell the rest of us we don’t need economic development, while they work to save the bats; even though the wind farms they propose as alternatives to gas are killing the bats.

The Wallaces are, in fact, the prototype for fractivism’s funders. They use, and are used by, radical groups such the Delaware Riverkeeper to fight anything and everything that is associated with growth and development, keeping others in poverty in the process. Their millions go toward funding attacks on small municipalities to stop drilling and throwing up obstacles to pipelines that are helping the middle class save thousands in energy costs.

And, how do they make those millions today? By investing their inherited money in companies such as Baker-Hughes, Chesapeake Energy, Exxon Mobil, EOG and Schlumberger, all of whom are listed on their 2013 tax return. As some folks say, if it weren’t for double-standards these people would have no standards at all. This is the nature of the fractivist funders who finance the Delaware Riverkeeper – the money behind the antics.

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4 thoughts on “Trust-Funder Fractivism Finances Delaware Riverkeeper

  1. Pingback: Who Else Finances the Delaware Riverkeeper and Why?Natural Gas Now

  2. You state that Susan Wallace’s maiden name is Susan McFadden. That is not correct. While it is true that Mr. Wallace married a Susan McFadden back in the 1970s, they divorced soon after. This Susan that he is currently married to, is not Susan Wallace.

  3. Pingback: The Pompous Patrician Faces of Fractivism Who Make It HappenNatural Gas Now

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