Until 2004, Terrence Bean was CEO of ConWest Resources, the holding company that owned Falcon Studios.
“Bean, the first gay on Obama's National Finance Committee, is the sole trustee of the Charles M. Holmes Foundation, which owned Falcon Studios, Jock Studios and Mustang Studios, the producers of about $10 million worth of all-male pornography a year,” according to the New York Post’s Page Six Oct. 10 column.
Holmes founded Falcon in 1972 and died of AIDS in 2000. San Francisco's new gay and lesbian community center was named after Holmes two years later, thanks to a $1 million donation from his estate.
ConWest is now called 3 Media and continues to pay in to the foundation.
Upon finding out about the connection with ConWest Resources in 2002, Oregon Gov. Ted Kulongowski returned a $15,000 contribution from ConWest to avoid the "taint" of the any relationship with the adult industry.
"I asked the company to donate, and they did,” Bean told the Post. “To avoid the appearance of anything, [Kulongowski] returned it."
Bean added: "I never had anything to do with running the company. Chuck became a friend of mine, and I got him interested in philanthropy."
An Obama spokesman told the Post that Bean does not own Falcon and is “a regular contributor to state and federal candidates, including Republican Senator Gordon Smith and Arizona Congressman Jim Kolbe, and has even donated to the Log Cabin Republicans — who endorsed John McCain."