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This story is stupid.
https://www.linuxfoundation.org/
Right there on their front page it's stated that they participate in 900 open source projects.
https://www.linuxfoundation.org/projects
On the project page you can see the projects by 20 categories, and see what they are doing in any category that may interest you.
Also Linux Foundation doesn't collect money from people unknowing of what it's for. The money is contributed by 17000 companies/organisations, that have hired professionals to put their money and developments where it matters to them. They know perfectly well how the money is spent.
https://www.linuxfoundation.org/about/members