Koch tackles poverty by coaching nonprofits on business

Charles Koch's latest initiative tackling poverty has taken center stage in his empire as it recalibrates some of its wide-ranging operation and continues to downplay its more well-known political agenda.

SEATTLE -- Charles Koch's latest initiative tackling poverty embodies both the wealthy industrialist's business acumen and his distaste for big government.

The 3-year-old Stand Together Foundation has taken center stage in Koch's empire as it recalibrates some of its wide-ranging operation and continues to downplay its more well-known conservative political agenda.

A key part of this foray is infusing the work of private nonprofits with corporate principles and business management training. Koch also gives the charities grant money and extends his influence to help them expand.

His Stand Together Foundation supports 140 private groups that help the needy with a path toward self-sufficiency.

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