Is John Arnold a "Self-Interested" Funder? And What Will Happen To That $3.5 Million His Foundation Just Got Back From WNET?

Recent reporting on the "secret corruption inside the PBS news division has forced New York PBS affiliate WNET to return a $3.5 million grant from the Laura and John Arnold Foundation, citing a perceived conflict of interest, and halting its "Pension Peril" series.
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Goldman Sachs, Arnold Foundation, Bloomberg Support Innovative New Philanthropic Strategy

The largest Social Impact Bond to date was just announced by Massachusetts Governor Deval Patrick, who hopes to reduce re-incarceration rates among at-risk populations, and has raised funds from Goldman Sachs, The Laura and John Arnold Foundation, and others on the promise that if the program achieves a certain success rate, these organizations will see their investments repaid with interest.
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LJAF’s Anne Milgram Exposes Wrongful Convictions

When Laura and John Arnold broke into the world of philanthropy, they designated the criminal justice and prison systems as main areas in which they wanted to focus. Since 2009, they have given over $500,000 through the Laura and John Arnold Foundation (LJAF) to the Innocence Project, a group devoted to exonerating wrongful convictions that can occur due to negligent forensic investigation, false confessions that result from coercive plea bargains, and faulty eyewitness testimony.

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