Koch Heiress’ Project Gets $60M Tax-Free From Family Network

Elizabeth Koch, daughter of GOP mega-donor Charles Koch and reluctant nepo baby, received tens of millions from her family’s right-wing network last year and gave away less than $600,000, according to newly published tax filings.

Records obtained by the Center for Media and Democracy and shared with The Daily Beast show the Koch network started a tax-exempt organization called Unlikely Giving last year, then used it to donate $60 million—tax-free—to Elizabeth Koch’s nonprofit, Unlikely Collaborators.

Unlikely Collaborators made a splash with a New York Times profile earlier this year that, ironically, portrayed Koch as a self-aware activist attempting to escape the constraints of her family’s immense wealth. In one section, it quoted from a 2007 essay in which Koch, 47, described her young adulthood as full of “panic attacks and meltdowns and doctors and pharmaceuticals and terrifying my parents and staring down that dark well of nothing you do will ever be good enough you privileged waste of flesh.”

Read more at The Daily Beast.