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HSUS Sends $26 Million to Caribbean, But Little to Pet Shelters



reposted from HumaneWatch.org

The deceptively named Humane Society of the United States only spends 1% of its budget on grants to help local organizations care for pets. But HSUS can afford to send $26 million—the equivalent of 20% of its budget—to offshore hedge funds. It’s a case of putting tax shelters ahead of pet shelters, and it comes on top of the $25.7 million HSUS put into the Caribbean in 2012.

In 2013, HSUS reports that it sent $26 million to the Caribbean and Central America. Where exactly did that money go? A supplemental document tells us:

    Convexity Capital Offshore LP [Class Q] (Cayman Islands): $3,500,000
    ESG Cross Border Equity Offshore Fund (Cayman Islands): $5,000,000
    Holowesko Global Fund (Bahamas): $5,000,000
    Steadfast International (Cayman Islands): $5,000,000
    Convexity Capital Offshore LP [Class G] (Cayman Islands): $5,000,000

This only adds up to $23.5 million, and HSUS declared $26 million going to the Caribbean and Central America. Where’s the other $2.5 million?

A better question is: With all this money, why can’t HSUS afford to spend more on pet shelters? This holiday season, make sure your friends and family know to avoid this rip-off of a charity and support their local pet shelters—which probably don’t get a dime from HSUS—instead.

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