Comments

You have commented 339 times on Rantburg.

Your Name

Your e-mail (optional)

Website (optional)

	My Original Nic Pic-a-Nic Sorry. Comments have been closed on this article.
Foto

Submit your comments on this article

Fifth Column

BLM Global Network files $33 million lawsuit against group helping fund college protests

2024-05-10

[NYPOST] A progressive nonprofit that has been shelling out cash to anti-Israel protest groups is being sued by Black Lives Matter Global Network Foundation for fraud and withholding more than $33 million in donations, a bombshell lawsuit claims.

Tides Foundation, which has managed hundreds of millions in donations for progressive groups since it was founded in 1976, has "refused to honor its promises and continues to commandeer BLMGNF’s donations," according to the 285-page lawsuit filed in Caliphornia, an impregnable bastion of the Democratic Party, Superior Court, Los Angeles County, on Monday.

Instead, Tides doled out an undisclosed amount of donations to a radical BLM breakaway group run by anti-police activist Melina Abdullah — who lost a "frivolous" lawsuit against BLMGNF — according to court papers and an attorney for BLMGNF.

Tides, a Los Angeles- and the Socialist paradise of San Francisco
...where God struck dead Anton LaVey, home of the Sydney Ducks, ruled by Vigilance Committee from 1859 through 1867, reliably and volubly Democrat since 1964...
-based nonprofit, acts as a fiscal sponsor — essentially, a clearinghouse that collects donations for groups that may not have 501(c)(3) tax-exempt status.

In addition to BLMGNF and other BLM groups, it manages donations for pro-Paleostinian groups that have supported anti-Israel protests across the country.

Billionaire George Soros
...either Ernst Stavro Blofeld or Auric Goldfinger come true...
and his son Alex Soros have funneled nearly $14 million from their Open Society Foundations to Tides, which sponsors activist groups including the pro-Paleostinian Adalah Justice Project and others fueling campus protests.

"Tides has engaged in deceptive business practices and has operated in a quasi-banking capacity without appropriate regulatory oversight of licenses," the BLMGNF lawsuit says. "Tides operates with a level of autonomy and minimal regulatory scrutiny that is starkly at odds with the regulatory framework imposed on traditional financial institutions."

According to the lawsuit, Tides has more than $1.4 billion in assets and allegedly acts as a bank — only without banking regulations.

BLMGNF, the national organization of the civil rights movement founded in 2017, took in tens of millions in donations after the death of Saint George Floyd

...The patron saint of Minneapolis...
in 2020.

At the time, the group did not have tax-exempt status from the IRS
...the Internal Revenue Service; that office of the United States government that collects taxes and persecutes the regime's political enemies...
, and approached the Tides Foundation to help it manage the flood of cash.

Tides, which takes a percentage of donations to manage a group’s funds, gave verbal assurances that it would return the collected money once BLMGNF received tax-exempt status, the lawsuit claims.

In the meantime, it managed donations in a "collective action fund" that would be accessible to BLMGNF, according to the lawsuit.

BLMGNF ended its relationship with Tides in 2022, and Tides has refused to hand over the cash, totaling some $33 million, the complaint says.

Instead, Tides, which takes between 3% and 9% of the donations it processes, has sent part of the funds to other BLM groups without the permission of BLMGNF, the lawsuit says.

On June 9, 2022, a Tides official said Tides had transferred $7.4 million from the collective fund back to BLMGNF.

Instead, it sent part of the cash — $4.75 million — to an unaffiliated BLM chapter in Oklahoma City, the lawsuit says.

"It is unclear why such a large amount would have been granted to a single city’s BLM chapter," the lawsuit says.

In a statement to The Post Wednesday, a spokeswoman for Tides Foundation called the allegations in the complaint "completely false."

"Resources in the Black Lives Matter [collective action fund] were never intended to be granted to large, well-funded national organizations like Black Lives Matter Global Network Foundation, and were always intended to be granted to local Black Lives Matter chapters," the Tides statement says. "BLMGNF’s lawsuit seeks to circumvent the intent of the Fund’s donors and deprive grassroots Black Lives Matter chapters critical resources, for its own benefit."

While Tides’ website mentions that it offers "grant management," an attorney for BLMGNF said in a statement to The Post that Tides was not authorized to dole out donations earmarked for BLMGNF to offshoot groups or local chapters.

Tides said it had granted $12.6 million from the Support Fund to groups, including BLM Grassroots, a breakaway group helmed by activist Melina Abdullah.

She tried to collect $10 million from BLMGNF in a "frivolous lawsuit" for her breakaway BLM Grassroots. Abdullah — who is running as independent candidate Cornel West’s running mate in the US presidential election — lost the lawsuit last year and was ordered to pay more than $700,000 in BLMGNF legal fees and costs.

An attorney for BLMGNF cited a June ruling by a Los Angeles Superior Court judge who dismissed BLM Grassroots’ claims to any of BLMGNF’s donations.

"This lawsuit against the Tides Foundation is not just about financial discrepancies but the principle of rightful ownership and transparency that should govern partnerships in social justice funding," attorney Byron McLain said Wednesday.

In a statement to The Post, BLMGNF said it "never expected to become victims of... unscrupulous business practices" in social justice philanthropy.

"There is an expectation for Black Lives Matter to challenge systems, break barriers and uphold the truth, no matter how uncomfortable," the statement said. "Today, that extends into non-profit operations as we call out Tides Foundation and other so-called ’fiscal sponsors’ who exploit their role."

BLMGNF has had its own issues with finances, after raking in $90 million in donations for 2020 alone.

Patrisse Cullors, the group’s co-founder, then went on a multimillion-dollar home-buying spree, purchasing two homes in Los Angeles and a property in the Atlanta suburbs with an airplane hangar and runway, as first revealed by The Post.

Cullors denied that she used donations to buy the properties.

She resigned from BLMGNF a month later, in May 2021.

Cullors also signed off on a $6 million Los Angeles mansion, to be used as an office for BLMGNF, and an $8 million property in Toronto for the group’s Canadian chapter.

Courtesy of Skidmark, the Daily Mail’s take.

Related:
Black Lives Matter Global Network Foundation: 2023-09-22 Dem Superlawyer Marc Elias Represents PAC Secretly Funded by SBF
Black Lives Matter Global Network Foundation: 2023-05-26 2022 Tax Records Show Black Lives Matter in the Red — Heading Toward Insolvency
Black Lives Matter Global Network Foundation: 2023-05-24 Black Lives Matter is headed for INSOLVENCY after plunging $8.5M into the red - but founder Patrisse Cullors' brother was still paid $1.6M for 'security services' in 2022, while sister of board member earned $1.1M for 'consulting'

Related:
Tides Foundation: 2024-05-06 Politico mocked for being surprised on who is funding anti-Israel protests: 'Surprising to who?'
Tides Foundation: 2024-05-06 Biggest Biden Donors Also Support the Hamas Youth
Tides Foundation: 2024-04-30 Washington Post hack Philip Bump smears The Post's Isabel Vincent to protect George Soros

Related:
Los Angeles County: 2024-05-05 A jury in San Diego has convicted two So Cal Antifa members of felony conspiracy to riot following a brutal attack
Los Angeles County: 2024-05-04 2 Antifa Adherents Guilty of Conspiracy to Riot in PB ‐ One Lawyer Vows Appeal
Los Angeles County: 2024-05-03 DA Gascon's Top Adviser Charged with 11 Felonies

Related:
San Francisco: 2024-05-04 2 Antifa Adherents Guilty of Conspiracy to Riot in PB ‐ One Lawyer Vows Appeal
San Francisco: 2024-05-04 America's STD hotspots laid bare in new analysis of CDC data... is your hometown an epicenter? But what about COVID!
San Francisco: 2024-05-03 Biden's Illegal Fly In to USA airports partially revealed

Related:
George Soros 05/07/2024 Hillary Clinton's longtime aide Huma Abedin and billionaire boyfriend Alex Soros make their Met Gala DEBUT as a couple
George Soros 05/06/2024 Politico mocked for being surprised on who is funding anti-Israel protests: 'Surprising to who?'
George Soros 05/06/2024 Biggest Biden Donors Also Support the Hamas Youth

Related:
George Floyd 05/07/2024 Kunstler: Gross misconduct of government officials from RussiaGate on down to the courtroom of Judge Juan Merchan has amounted to one continuous operation against the American people?
George Floyd 05/05/2024 A jury in San Diego has convicted two So Cal Antifa members of felony conspiracy to riot following a brutal attack
George Floyd 05/01/2024 'Woke' Air Force Colonel Promotion Still Stalled – An Update

Related:
Internal Revenue Service: 2024-04-12 After Promising Not To, The IRS Army Democrats Expanded Is Targeting The Middle Class
Internal Revenue Service: 2024-04-04 RFK Jr.: Biden's Censorship Regime Is Arguably A 'Worse Threat To Democracy' Than Trump
Internal Revenue Service: 2024-03-24 McCarthy: 'Republicans Lost the Majority' When Gaetz Led My Ouster

Related:
Oklahoma City: 2024-04-29 At least 4 dead after Oklahoma tornadoes cause catastrophic damage
Oklahoma City: 2024-01-28 US mother holds HIV-positive man at gunpoint for raping her 12-year-old daughter
Oklahoma City: 2023-12-27 Federal Judge Sides with Osage Nation, Orders Removal Of 84 Wind Turbines

Related:
BLM Grassroot: 2024-02-08 They Endorsed Hamas Terrorism. Then They Hosted a Big-Ticket Fundraiser for Jamaal Bowman and Cori Bush.
BLM Grassroot: 2023-10-24 Coca-Cola Quietly Removes Black Lives Matter Support Amid Criticism From Ted Cruz
BLM Grassroot: 2023-10-11 Black Lives Matter Grassroots
Statement in Solidarity with the People of Palestine

Related:
Melina Abdullah 02/08/2024 They Endorsed Hamas Terrorism. Then They Hosted a Big-Ticket Fundraiser for Jamaal Bowman and Cori Bush.
Melina Abdullah 09/03/2022 Black Lives Matter leader accused of siphoning off $10 million
Melina Abdullah 11/29/2020 BLM 'useful idiots' already turning on Plugs

Related:
Cornel West 05/07/2024 African Methodists take a stand for biblical marriage after United Methodist Church adopts pro-LGBT measures
Cornel West 03/01/2024 Greenfield: Aaron Bushnell, Who Burned Himself Alive, Cheered Murder of U.S. Soldiers
Cornel West 02/28/2024 Praise of Bushnell's self-immolation puts US closer to suicide bombings - comment