BLM is suing a progressive nonprofit for sponsoring pro-Palestine groups and fueling protests on college campuses, as well as withholding more than $33 million in donations.
Black Lives Matter Global Network Foundation (BLMGNF) is suing the Tides Foundation for fraud, according to an explosive lawsuit.
The group, which has managed hundreds of millions of dollars for left-wing groups since its creation in 1976, has allegedly withheld BLM donations.
In a 285-page lawsuit filed Monday in California Superior Court, Los Angeles County, it is alleged that Tides ‘refused to keep its promises and continues to seize donations from BLMGNF.’
The lawsuit alleged that Tides distributed an undisclosed amount of donations to a radical group not affiliated with BLM, led by anti-police activist Melina Abdullah.
The lawsuit claimed that Tides distributed an undisclosed amount of donations to a radical group not affiliated with BLM, 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 been participating 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 nonprofit organization based in Los Angeles and San Francisco that serves 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 manages more than $1.4 billion in assets and operates as a bank where organizations deposit money, but the group operates without any banking regulation.
BLMGNF, founded in 2017 as a national civil rights movement organization, raised millions in donations following the death of George Floyd in 2020. The organization put the money raised into the hands of Tides because they did not have tax-exempt status. from the IRS.
Tides verbally assured the BLM activist network that donations would be returned when the organization received tax-exempt status. The organization takes a percentage of all donations to manage a group’s funds, according to the lawsuit.
Although BLMGNF ended the partnership with Tides in 2022, Tides refused to hand over the $33 million owed, the complaint states.
Tides is now accused of embezzling the cash, after claiming to have transferred $7.4 million from the crowdfund to BLMGNF on June 9, 2022.
Instead, he sent only a portion of the cash to an unaffiliated BLM chapter in Oklahoma City, the lawsuit says.
“It is unclear why such a large amount would have been awarded to a single city’s BLM chapter,” the lawsuit says.
Tides has denied any wrongdoing and called the allegations “completely false,” it said in a statement. ‘The resources on Black Lives Matter [collective action fund] They 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 intent 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 in the university 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 campus protests. university students (pictured: protests at Columbia University)
College campuses across the country are seeing protests emerge on both sides of the conflict in the Middle East following the Hamas terrorist attack on Israel on October 7.
College campuses across the country are seeing protests emerge on both sides of the conflict in the Middle East following the Hamas terrorist attack on Israel on October 7.
Pro-Palestinian activists at the prestigious Columbia University set up tents and wreaked havoc on campus in late April, prompting other universities, such as UCLA and NYU, to do the same.
Columbia descended into chaos as Ivy League leaders and officials involved NYPD officers as the situation escalated.
In April there were more than 700 arrests by police breaking up the protests, which spread like wildfire across the United States to at least 76 other universities and counting.
Many say the United States is witnessing a crisis in academia that has been years in the making and has even spread to the United Kingdom.
Protests are becoming complicated across the country as supporters on both sides of the conflict clash with each other.