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BLM Starts a War with Pro-Palestinian Group Funding College Protests, Files $33M Lawsuit

The Black Lives Matter Global Network Foundation is suing progressive nonprofit the Tides Foundation for allegedly defrauding the BLMGNF and holding back around $33 million in donations, according to documents filed Monday in California Superior Court.

BLMGNF accused Tides of refusing “to honor its promises” to the network and alleged that Tides “continues to commandeer BLMGNF’s donations” in the lawsuit.

Instead, BLMGNF alleged, Tides was handing out money that was supposed to go to BLMGNF to what the New York Post called a “radical BLM breakaway group run by anti-police activist Melina Abdullah.”

Abdullah had previously lost a “frivolous lawsuit” against the BLMGNF, the Post reported.

Tides is a left-leaning donor-advised fund that disburses money from anonymous contributors to other organizations. The organization notably has received close to $14 million from billionaire George Soros and his son, Alex Soros, through their Open Society Foundations, according to the Post.

The fund reportedly functions as a clearinghouse, collecting donations on behalf of organizations that may be lacking a 501(c)(3) tax-exempt status. The organization also acts as an incubator for startup progressive groups, the Washington Examiner noted.

The organization, the Post reported, takes a cut of three to nine percent from the donations it manages on behalf of other groups.

Tides has been a major bankroller of pro-Palestinian organizations that have been instigating the pro-Palestinian riots and encampments on campuses across the country, according to the Post and the Examiner.

“Tides has engaged in deceptive business practices and has operated in a quasi-banking capacity without appropriate regulatory oversight of licenses,” the BLMGNF alleged in the lawsuit.

The organization further alleged that “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.”

The relationship between the two non-profits dates back to 2020, according to the lawsuit, when BLMGNF began receiving millions of dollars in donations following the death of George Floyd, which sparked political activism throughout the United States.

Lacking tax-exempt status at the time, BLMGNF went to Tides, asking the organization “for support in managing and holding millions of dollars in donations based on Tides’ representations that Tides would return the donations to BLM GNF upon BLM GNF’s request.”

The lawsuit alleged that Tides even committed to paying all the money due to BLMGNF “to a particular donor.”

BLMGNF ended its relationship with Tides in 2022 upon receiving tax-exempt status, the Post reported. However, Tides, the lawsuit alleged, failed to hand over the funds — an estimated $33 million — it owed to BLMGNF, according to the news outlet.

Although the organization, on June 9, 2022, claimed to have handed $7.4 million from the collective fund to BLMGNF, it instead disbursed around $4.75 million to a BLM chapter in Oklahoma City that was not affiliated with BLMGNF, the Post reported.

“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,” Tides said in a statement shared with the Post. “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.”

“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,” BLMGNF’s attorney Byron McLain said Wednesday, the Post reported.

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

READ 21 COMMENTS
  • CJ says:

    In want to know what kind of stupid ass people by into this BLM and other groups for saying us from evil ??They are full of crime and bull shit non profits do nothing but take and everyone knows it .Stop this bull shit and do it on your own with all your money give with out asking for money to do what is right ok . Paying people to insight riots and destruction of others property is fked up .

  • Mohmd says:

    I hope they eat each other fighting over who is the biggest victim. Whiny little twits all of them. And all too stupid to see they are just usefull idiots for democrats.

  • Meee says:

    Both are homegrown Terrorist groups. It is a laughable matter between them. Fighting over money. BLM founders need that money to continue in their millionaire lifestyles. BLM will not have much of that money left after lawyers get done with the case. Let them fight. They all should be in jail for hate speech. BLM should be in jail for the so-called Summer Love People died, and they burnt down cities. None of them are in jail.

  • Loring says:

    Ahhh the irony. BLM has pretty much kept all their donations and not improved life for black people at all. Except the folks at the top of the organization. To think that someone would withhold all that money that BLM would have used to prove that the only lives that matter are the people that run BLM.

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