Additional Information on Penny Pritzker

* Penny Pritzker’s additional credentials include the following: 

Past:

  • board member of the William Wrigley, Jr. Company former board member of the Marmon Group
  • board member of the LaSalle Bank Corporation
  • chair of the Chicago Public Education Fund
  • member of the Civic Committee of the Commercial Club of Chicago
  • board chairman of the Museum of Contemporary Art in Chicago
  • member of the Harvard University Board of Overseers
  • co-founded The Parking Spot, an off-site airport parking management company (1998)

Present:

  • advisory board chairman of Skills for America’s Future, a policy initiative of the Aspen Institute
  • board member of the Council on Foreign Relations
  • board member of The Economic Club of Chicago
  • trustee of Stanford University
  • trustee of the John F. Kennedy Center for the Performing Arts
  • member of the American Academy of Arts and Sciences (elected in 2012)
  • advisory board member of the Brookings Institution‘s Hamilton Project

* Over the years, Pritzker has contributed to the political campaigns of numerous Democratic candidates, including such notables as:

Hillary Clinton
James Clyburn
Chris Dodd
Dick Durbin
Tom Harkin
Claire McCaskill
Barack Obama
Harry Reid
Jay Rockefeller
Debbie Wasserman Schultz
Jon Tester
Tom Udall
Robert Wexler
Democratic Party of various states
(Donation information courtesy of OpenSecrets.org)

* Pritzker’s effort to reduce her own tax burden is something for which the entire Pritzker family has gained considerable renown over the years. According to The New York Times: “The Pritzkers were pioneers in using tax loopholes to shelter their holdings from the Internal Revenue Service … including setting up a series of offshore trusts that sheltered their assets from taxes. The IRS fought several battles with the Pritzkers over the arrangements. But the agency was hindered by foreign bank secrecy laws that concealed what the Pritzkers owned.”

* According to documents from the Cook County, Illinois assessor’s office, Pritzker and her husband (ophthalmologist Bryan Traubert) appealed the property-tax bill on their 8,400-square-foot Lincoln Park mansion ten times between 2006 and 2012, claiming that it had been assessed at too high a value. Twice their appeals were successful, saving them nearly $200,000 in tax outlays.

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