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Tuesday, April 16, 2024

Rep. Daniel Goldman’s Family Foundation is Invested in Norfolk Southern, Filings Indicate

'Goldman, who is a freshman congressman and member of the powerful House Oversight Committee, served as its secretary and treasurer of the foundation, giving him direct oversight of its finances...'

(Ken Silva, Headline USA) New York Democrat U.S. Rep. Daniel Goldman’s non-profit organization is reportedly invested in Norfolk Southern, the company responsible for the toxic East Palestine, Ohio train derailment, according to the organization’s tax filings.

The financial ties of Goldman’s organization, the Richard W. Goldman Family Foundation, were initially investigated by Fox News, which published a story Wednesday about the foundation being invested in two hedge funds based in the Cayman Islands. While there’s nothing illegal about the arrangement, the investments in the tax-free Cayman Islands calls into question Goldman’s sincerity when he talks about hiking taxes on the wealthiest Americans.

Headline USA has also reviewed Goldman Family Foundation filings, which appear to indicate that Norfolk Southern is included in the organization’s investment portfolio.

The filings indicate that around 2019, the foundation owned about $26,489 in Norfolk Southern bonds, and $27,178 of the company’s stock.

Other apparent Goldman Family Foundation investments include a variety of American big tech firms, Chinese tech firm Tencent, the shaky First Republic Bank and military contractor Halliburton.

The Richard W. Goldman Family Foundation did not respond to an email seeking comment. Goldman, who was lead counsel for the first impeachment inquiry against Donald Trump before joining Congress, also did not comment to Fox News.

Fox News reported that according to the group’s 2020 tax filings, Goldman, who is a freshman congressman and member of the powerful House Oversight Committee, served as its secretary and treasurer of the foundation, giving him direct oversight of its finances. He had reportedly assumed the secretary position in 2012 and the treasurer position in 2018.

“The New York lawmaker’s most recent financial disclosure filed with the House of Representatives Clerk showed that he has maintained his position on the foundation’s board of advisors as of July 2022,” Fox News reported.

“But while his foundation reported investments in funds organized in the Cayman Islands, Goldman has repeatedly called on the government to hike taxes for the wealthiest Americans since taking office earlier this year.”

Ken Silva is a staff writer at Headline USA. Follow him at twitter.com/jd_cashless.

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