When Mitt Romney’s father passed away in 1995, he left an inheritance to Mitt totaling $1 million. Romney turned around and donated that inheritance money to Brigham Young University for the George W. Romney School of Public Management. This is an institute of public management that helps young people learn about government and about serving in public service.
The money goes to economically disadvantaged students wishing to purse a higher education in the field of public management and government.
But Romney’s charitable giving’s did not begin nor stop with his giving away of his entire inheritance he received in 1995.
Running an Olympics comes with a hefty salary, $275,000 per year to be exact and for Romney that would have been a total of $825,000. However, when Romney was asked to rescue the Olympics in Salt Lake City, Utah when it was bleeding hundreds-of-millions of dollars due to fraud, abuse and mismanagement, instead of taking the salary for himself, he donate his entire salary + severance payments to charitable organizations as well as donating $1 MILLION of his own money to the Olympics.
When Romney was asked by state leaders and prominent member in the state of Mass. to run for governor because their state had a $3 BILLION deficit while having the highest unemployment rate in the country; Romney not only said he would take on the task, but when he did win the election he refused to take the $135,000 annual salary his entire term as governor.
The Romney’s give millions annually to charities either through their church, their charitable organization or organizations directly. The Romney’s tax returns that were release this past January 2012 show that the Romney’s donated over $4 million alone to charity via their church and other organizations in 2011 and another $3 million in 2010. Other reports also go on to note that the Romney’s give about 16% of their income to charity annually.
Ironically, we can find the left bashing the Romney’s for where they give their money – because clearly unless you give away YOUR MONEY to charities the left does not approve of, then it does not count. Here, the HuffPo is acknowledging the millions the Romney’s give away every year while bashing them for giving most of that money to their church as though the church does not turn around and help out those less fortunate with it.