BLM files bombshell lawsuit against progressive non-profit that’s funding anti-Israel campus protests over claim it withheld $33M of donations
A progressive nonprofit is being sued by BLM for sponsoring pro-Palestinian groups, fueling protests on college campuses and withholding more than $33 million in donations.
Black Lives Matter Global Network Foundation (BLMGNF) is suing Tides Foundation for fraud, according to a bombshell lawsuit.
The group, which has managed hundreds of millions of dollars for left-wing groups since its founding in 1976, is alleged to have withheld BLM donations.
A 285-page lawsuit filed Monday in California Superior Court, Los Angeles County, alleges that Tides “has refused to fulfill its promises and continues to commandeer BLMGNF’s donations.”
The lawsuit alleged that Tides distributed an undisclosed amount of donations to an unaffiliated radical BLM breakaway group – led by anti-police activist Melina Abdullah.
The lawsuit alleged that Tides distributed an undisclosed amount of donations to an unaffiliated radical BLM breakaway group – led by anti-police activist Melina Abdullah (pictured)
In addition to managing BLM-related foundations, the group also manages donations for pro-Palestinian activists who have participated in anti-Israel protests across the country.
In addition to managing BLM-related foundations, the group also manages donations for pro-Palestinian activists who have participated in anti-Israel protests across the country.
Tides is a Los Angeles and San Francisco-based nonprofit that acts as a fiscal sponsor that raises donations for groups that do not have 501(c)(3) tax-exempt status, according to the New York Post.
The company managed more than $1.4 billion in assets and functions as a bank through which organizations deposit money, but the group operates without any banking regulations.
BLMGNF – which was founded in 2017 as the national organization of the civil rights movement – received millions in donations after the death of George Floyd in 2020. The organization put the money raised in the hands of Tides because they did not have a tax exemption. of the tax authorities.
Tides verbally assured the BLM activist network that the donations would be returned if the organization were granted a tax exemption. According to the lawsuit, the organization takes a percentage of all donations to manage a group’s funds.
While BLMGNF ended its partnership with Tides in 2022, Tides has refused to hand over the $33 million owed, the complaint said.
Tides is now accused of mishandling the money – after claiming to have transferred $7.4 million from the collective fund back to BLMGNF on June 9, 2022.
Instead, it sent only some of the money to an unaffiliated BLM chapter in Oklahoma City, the lawsuit said.
“It is unclear why such a large amount of money would have been awarded to one city’s BLM chapter,” the lawsuit said.
Tides has denied wrongdoing and called the allegations “completely false,” according to a statement. “Black Lives Matter Resources [collective action fund] were never intended to be awarded to large, well-funded national organizations like the Black Lives Matter Global Network Foundation, and were always intended to be awarded to local Black Lives Matter chapters.
“BLMGNF’s lawsuit seeks to circumvent the intentions of the Fund’s donors and deprive grassroots Black Lives Matter chapters of critical resources for their own benefit,” the statement continued.
George Soros and his son Alex Soros have donated nearly $14 million from their Open Air Society Foundations to Tides – which also sponsors activist groups such as the pro-Palestinian Adalah Justice Project, as well as other organizations supporting the wave of protests on college campuses.
George Soros and his son Alex Soros have donated nearly $14 million from their Open Air Society Foundations to Tides – which also sponsors activist groups such as the pro-Palestinian Adalah Justice Project, as well as other organizations supporting the wave of protests on college campuses (photo: protests at Columbia University)
University campuses across the country are seeing protests emerge on both sides of the Middle East conflict following Hamas’ terror attack on Israel on October 7
University campuses across the country are seeing protests emerge on both sides of the Middle East conflict following Hamas’ terror attack on Israel on October 7.
Pro-Palestine activists at the prestigious Columbia University pitched tents and wreaked havoc on campus in late April, prompting other colleges such as UCLA and NYU to follow suit.
Columbia fell into chaos as Ivy League leaders and officials involved NYPD officers as the situation intensified.
There were more than 700 arrests in April by police breaking up the protests, which spread like wildfire across the U.S. to at least 76 other universities and are growing.
Many say America is witnessing a crisis in academia that has been years in the making — and has even spread to Britain.
Protests are becoming messy nationwide as supporters of both sides of the conflict face off against each other.