Freddie Mac Foundation Chairman Fires Back

Ralph F. Boyd Jr., chairman and chief executive officer of the Freddie Mac Foundation, has responded to an opinion piece published last week in The Wall Street Journal that implied that the Freddie Mac and Fannie Mae Foundations have used charitable donations to influence politics and policy.

Mr. Boyd writes, “While it is true that the Freddie Mac Foundation’s philanthropic investments in 2007 totaled approximately $25-million, recipients of foundation grants were neither ‘political groups,’ ‘think tanks,’ left or right-wing ‘activists,’ or ‘Beltway outfits,’ as the editorial wrongly alleged.”