ESC ''charitable donations'' have been made to only 3 public companies --GRPS, HALB and SPZI-- all of which have clear connections to the Goulding family. Anyone who makes a donation to ESC presumably gets a tax deduction.
What's highly troubling if not illegal is their assertion that ESC also buys an undisclosed number of shares at an undisclosed price in these tickers from unnamed individuals as ''investments'' yet insists there is "no quid pro quo." IMO this scheme has all the earmarks of tax evasion and even money laundering via public companies.
DISCLAIMER: ESC seeks donations. Payments to ESC do not constitute an investment; there is no quid pro quo. By making a donation, one does not receive any kind of equity or non equity benefit that specifically accrues to the donor. Instead, we only hope that you and others will help to make the world a better place.
What did ESC receive for their Capital Contribution?
"Contributed capital, also known as paid-in capital, is the cash and other assets that shareholders have given a company in exchange for stock. This is the price that shareholders paid for their stake in the company."