Nonprofit Founders Connected to Daschle Face Scrutiny
February 4, 2009 | Read Time: 1 minute
The founders of two nonprofit groups involved in former Sen. Tom Daschle’s failed Cabinet nomination have ties to many Washington leaders, reports The Wall Street Journal.
Catherine and Wayne Reynolds, founders of education lender EduCap and a related group, the Academy of Achievement, have given more than $400,000 in campaign contributions since 1998, according to federal records.
The Internal Revenue Service has been investigating EduCap since 2004. Among other issues, the agency is looking into whether the nonprofit group’s private jet was used for trips not related to the business of the charity. Mr. Daschle took two trips on the jet, one to the Bahamas and another to the Middle East, which were questioned by the Senate Finance Committee as potentially taxable income in the context of the panel’s broader review of Mr. Daschle’s finances. A lawyer who represents EduCap declined to comment on the IRS investigation, reports the newspaper.
