I’ve heard TSC receives its funding directly through the drug companies. Is this correct?
TSC is qualified by the IRS as a 501 (c)(4) tax-exempt entity. As a senior advocacy organization, we solicit donations from individual members and supporters (defined as seniors who make small contributions) by way of a robust direct mail program – evidenced by our current 990 tax return that shows 90 percent of our funding is derived from individual contributions made by our members. TSC does develop educational campaigns targeted to seniors for which we seek unrestricted grants from private and corporate donors. These unrestricted grants are governed by TSC policies and are used to fulfill our mission to protect the retirement security of seniors, no the grantors’ interests. These grant requests are premised on the legislative agenda developed by TSC and approved by its Board of Directors. We have in the past, or example, conducted some campaigns that criticized the brand drug industry (the 2000 Pipeline Drug Amendment that sought to unfairly extend patents on some brand drugs) despi
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