The Scherman Fund is a huge non-profit fund with hundreds of millions of dollars in assets, including millions invested in hedge funds, some in the Cayman Islands.
As Program Director, Alexa Aviles managed a portfolio in the tens of millions. She was given a mission to spread the money around to various progressive groups in New York and around the country.
During her tenure, she oversaw donations to numerous organizations in Brooklyn, including key grass roots groups in Sunset Park and Red Hook within District 38.
Ms. Aviles has yet to explain how, as a socialist and a member of the DSA, she justified working for a non-profit largely engaged in investing in the very same capitalist institutions she reviles. It turns out, it was worth it for her.
The Scherman Fund’s 990 tax forms from 2018 show a series of large donations to one organization, Make The Road New York. $200,000 in two contributions for “Sanctuary NYC Campaign” and another $25,000 for “Get Out The Vote”. The 2018 form also shows $40,000 to the Red Hook Initiative for “RedHookFarms”.
It’s no wonder Make The Road’s action committee felt the need to endorse Alexa in the Democratic primary in June. The irony is Ms. Aviles was in charge of the Governmental Transparency and Accountability program at the Scherman Fund. Ms. Aviles clearly was thinking about her run for a long time. She wanted to make sure potential backers knew she means business. Especially in a crowded field with a number of qualified candidates.
While she champions her record as an educational activist and her time as a PTA member, she really has been making hundreds of thousands of dollars, first as a consultant, then at a politically beneficial job as programdirector of an influential charity.
While we don’t expect to hear from the Aviles campaign on this, we encourage them to at least respond with a statement for the public’s sake. We are running a campaign based on transparency, something that is desperately needed in District 38 where third party groups and the communityboard have provided anything but.
Our opponent is running with the support of all the very same institutions that have stifled growth in Sunset Park and Red Hook for years. They claim to be for environmental justice and housing justice but have failed to deliver for the working people of the district. They want affordable homes and good paying jobs,not empty promises and continued gentrification.
We’re running a campaign to provide an alternative to the status quo which, despite her radical leanings, Ms. Aviles will continue to represent. We call on her campaign to release the Scherman fun’s 990 tax forms for 2019 and 2020 which are unavailable to the public. We ask them, for transparency’s sake, to reveal if any of the money went to groups which then backed her bid.
Erik Frankel is running for the City Council is District 38 to replace the term-limited Carlos Menchaca.
