5/23/01 The Socialist Party announced the creation of a not-for-profit corporation, the American Socialist Foundation, which would serve as an educational foundation and think tank for the party and the broader democratic socialist movement. "We like to think of this as our Cato Institute," said Greg Pason, the Socialist Party's National Secretary. "With this new foundation we can hold conferences, publish books and issue studies and reports on a variety of issues from an inclusive socialist perspective." The Foundation, which is seeking federal tax-exempt status, will enlist a Board of Advisors comprised of socialist scholars, artists, writers and activists from all organizations and backgrounds to explore a philosophy that is uniquely American. "One thing I emphasized during my campaign was the need to look beyond Russia and Scandinavia to find our own models for an American socialist movement committed to profound radical social change by democratic and peaceful means," said former Socialist Presidential candidate David McReynolds, a member of the American Socialist Foundation's Board of Trustees. The Foundation plans a formal kick-off to its activities a September forum in Washington DC to coincide with the mobilization against the IMF/World Bank meetings.
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