A progressive non-profit is being sued by BLM for sponsoring pro-Palestine groups and fueling college campus protests as well as withholding over $33million 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 creation in 1976, has allegedly withheld BLM donations.
In a 285-page lawsuit filed in California Superior Court, Los Angeles County, on Monday, it was alleged Tides ‘refused to honor its promises and continues to commandeer BLMGNF’s donations.’
The lawsuit claimed Tides spread an undisclosed amount of donations to an unaffiliated radical BLM breakaway group – spearheaded by anti-police activist Melina Abdullah.
The lawsuit claimed that Tides spread an undisclosed amount of donations to an unaffiliated radical BLM breakaway group – spearheaded by anti-police activist Melina Abdullah (pictured)
As well as managing BLM-related foundations, the group also manages donations for pro-Palestine activists who have been participating in anti-Israel protests nationwide
As well as managing BLM-related foundations, the group also manages donations for pro-Palestine activists who have been participating in anti-Israel protests nationwide.
Tides is a Los Angeles and San Francisco-based nonprofit that acts as a fiscal sponsor that collects donations for group that don’t have 501(c)(3) tax-exempt status, according to the New York Post.
The company managed more than $1.4billion in assets and functions as a bank that organizations deposit money to – but the group acts without any banking regulations.
BLMGNF – which was founded in 2017 as the national organization of the civil rights movement – gained millions in donations following the death of George Floyd in 2020. The organization put the money raised in the hands of Tides because they did not have tax-exempt status from the IRS.
Tides verbally assured the BLM activist network that the donations would be returned when the organization received tax-exempt status. The organization takes a percentage of all donation to manage a group’s funds, according to the lawsuit.
While BLMGNF terminated the partnership with Tides back in 2022, Tides has refused to hand over the $33 million owed, the complaint states.
Tides is now being accused of mishandling the cash – after claiming to have transferred $7.4 million from the collective fund back to BLMGNF on June 9, 2022.
Instead, it 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 granted to a single city’s BLM chapter,’ the lawsuit says.
Tides have denied wrongdoing and called the allegations ‘completely false,’ saying in a statement. ‘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.
‘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,’ 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 group such as the pro-Palestinian Adalah Justice Project as well as other organizations backing the wave of college campus protests.
George Soros and his son Alex Soros have donated nearly $14 million from their Open Air Society Foundations to Tides – which also sponsors activist group such as the pro-Palestinian Adalah Justice Project as well as other organizations backing the wave of college campus protests (pictured: protests at Columbia University)
College campuses nationwide are seeing protests arise on both sides of the conflict in the Middle East following Hamas’ terror attack on Israel on October 7
College campuses nationwide are seeing protests arise on both sides of the conflict in the Middle East following Hamas’ terror attack on Israel on October 7.
Pro-Palestine activists at the prestigious Columbia University pitched tents and wreaked havoc on campus at the end of April – causing other colleges, like UCLA and NYU, to follow suit.
Columbia descended into chaos as leaders and officials at the Ivy League 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 US to at least 76 other universities and rising.
Many say America is witnessing a crisis in academia that has been years in the making – and have even spread to the UK.
Protests are getting messy nationwide as supporters of both sides of the conflict stand off against each other.