How The Sacklers, The Family Behind Oxycontin, Became Nonprofit Pariahs

The Sacklers, the family dynasty that owns Purdue Pharma in Stamford, Connecticut, are major benefactors to charity. Now, money from the Sackler family has become radioactive in the world of high-profile nonprofits and museums. In fact, cultural institutions like the Metropolitan Museum and Guggenheim in New York, and the Tate in London, have already cut ties with the family. Why would nonprofits refuse such a big donor? Because the same family that funded these institutions for decades now finds itself at the center of the opioid crisis in the United States. Purdue Pharma created OxyContin, an opioid-based painkiller many believe is at the root of America's opioid epidemic, killing thousands across the U.S. "While the allegations against our family are false and unfair, we understand that accepting gifts at this time would put the Met in a difficult position," a Sacker family spokesperson told CNBC. "We respect the Met and that is the last thing we would want to do. Our goal has always been to support the valuable work of such outstanding organizations, and we remain committed to doing so." Meanwhile, as lawsuits pile up against Purdue and the Sackler family, the company continues to deny any wrongdoing. The spokesman for the family said the lawsuits are "baseless" and "inconsistent with the factual record." But that hasn't stopped the lawsuits, and may lead the company to file for bankruptcy. » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC #CNBC How The Sacklers, The Family Behind Oxycontin, Became Nonprofit Pariahs