NERD fund

Politics & Government
2:35 pm
Sat October 26, 2013

Michigan Attorney General to report future donors to his nonprofit fund

Michigan Attorney General Bill Schuette
official portrait

LANSING, Mich. (AP) - Michigan Attorney General Bill Schuette has decided that future donors to his nonprofit "social welfare" fund should be disclosed to the public.

The decision announced late Friday comes in the wake of Governor Rick Snyder's decision to dissolve his 501c4 fund and create a new one.

Schuette's On Duty for Michigan fund has been able to legally accept unlimited amounts of money from anonymous donors. Fund board member Gary Gordon says the money has "reduced the burden on taxpayers" and improved the effectiveness of Schuette's office.

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Politics & Government
8:39 am
Wed October 23, 2013

Jack Lessenberry talks Detroit bankruptcy, NERD fund and fracking

State lawmakers have passed bills allowing the city to keep taxing at certain rates. The legislation awaits Governor Snyder's approval.
Bob Jagendorf Flickr

Week in Michigan Politics interview for 10/23/13

In this Week in Michigan Politics, Christina Shockley and Jack Lessenberry discuss Detroit's bankruptcy eligibility trial, Governor Snyder's NERD fund, and new proposed fracking rules.

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Politics & Government
7:25 am
Tue October 22, 2013

In this morning's headlines: NERD fund gone, HiPark financial trouble, Det Council rejects loan deal

Morning News Roundup, Tuesday, Oct. 22, 2013
User: Brother O'Mara Flickr

Gov. Snyder shuts down NERD fund

"Governor Rick Snyder’s controversial NERD Fund will be shut down this week and replaced. Its official name is the New Energy to Reinvent and Diversify Fund. Governor Snyder used the fund to pick up costs he says should not be paid by taxpayers," Rick Pluta reports.

Highland Park could have an Emergency Manager soon

A state board has determined that the city of Highland Park has probable financial distress. Gov. Rick Snyder will next appoint a review team which could lead to an appointment of an emergency manager. According the Associated Press, "The Local Emergency Financial Assistance Loan Board also determined there is no probable financial distress in Ecorse Public Schools. A similar hearing is scheduled Wednesday for Royal Oak Township."

Detroit City Council rejects loan deal from EM

"The Detroit City Council has rejected a proposed $350 million loan deal. Emergency manager Kevyn Orr . . . planned to use most of the $ 350 million to pay off two banks. That’s controversial because he’s proposed much steeper cuts for other Detroit creditors. Bankruptcy court Judge Steven Rhodes will have to sign off on the deal," Sarah Cwiek reports.

Politics & Government
8:25 am
Sat October 12, 2013

A summary of the week's news with Jack Lessenberry

State lawmakers have passed bills allowing the city to keep taxing at certain rates. The legislation awaits Governor Snyder's approval.
Bob Jagendorf Flickr

This week in review, Rina Miller and Jack Lessenberry discuss Governor Snyder's testimony regarding the Detroit bankruptcy filing, the governor's NERD fund, and the sentencing of former Detroit mayor, Kwame Kilpatrick.

The interview can be heard below

Week in review interview for 10/12/13

Stateside
5:37 pm
Mon August 19, 2013

Governor Snyder's NERD fund is seeing a sharp decrease in contributions

michigan.gov

An interview with Jonathan Oosting, a reporter for MLive.com.

Donations to Governor Snyder’s civic fund decreased last year by a lot. The 501(c)4 known as The New Energy to Reinvent and Diversity Fund – or “NERD Fund” for short – received $1.3 million in 2011, but in 2012 , the number was $368,000.

Jonathan Oosting is with MLive.com. He reports, “the NERD fund earns tax-exempt status by purporting to 'promote charitable causes including lessening the financial burdens of government in the state of Michigan.'”

Oosting joined us today.

Listen to the full interview above.

Politics & Culture
5:25 pm
Mon August 19, 2013

Stateside for Monday, August 19th, 2013

"Innovation" - it's what many say Michigan needs to become a player in the global economy. On today's show, we took a look at the most-innovative companies in our state. What are they doing differently in a post-Great-Recession economy?

And, we traveled to Muskegon - a community that continues to be plagued by gun violence. Dustin Dwyer of Michigan Radio's State of Opportunity project reported on a gun battle that happened last month.

And, the Detroit Public Schools bond offering is tomorrow. Why should investors be interested?

Also, the guide to canoeing Michigan’s rivers just got an update. We spoke with one of the authors about the new edition.

First on the show, donations to Governor Snyder’s civic fund decreased last year by a lot. The 501 c-4 known as The New Energy to Reinvent and Diversity Fund – or “NERD Fund” for short – received $1.3 million in 2011, but in 2012 , the number was $368,000.

As Jonathan Oosting, a reporter for MLive.com, reports, “the NERD fund earns tax-exempt status by purporting to promote charitable causes including lessening the financial burdens of government in the state of Michigan.”

Jonathan Oosting joined us today.

9:58 am
Mon June 3, 2013

Trying to learn more about Snyder's private NERD fund

Lead in text: 
The nonprofit, New Energy to Reinvent and Diversify Fund (NERD), was started by Governor Rick Snyder shortly after he took office. The public has access to few details on the fund; mystery surrounds who donates to it and how the funds are used. Several of Snyder's key advisors are payrolled by funds from NERD rather than the state. This may have consequences as Kaffer explains...
Gov. Rick Snyder started the nonprofit New Energy to Reinvent and Diversify Fund shortly after taking office, ostensibly to raise private funds for government innovation. Two years after its creation, few details about the fund's finances have emerged. But the recent revelation that two of Snyder's advisers in the Capitol have spent time on NERD's payroll underscores the need for more information.