BLM Global Network files $33 million lawsuit against group(TIDES FOUNDATION) helping fund college protests
5/9/2024
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 California 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 San Francisco-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-Palestinian groups that have supported anti-Israel protests across the country.
Billionaire George Soros and his son Alex Soros have funneled nearly $14 million from their Open Society Foundations to Tides, which sponsors activist groups including the pro-Palestinian 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.”
sauce/more:https://nypost.com/2024/05/09/us-news/blm-global-network-sues-group-helping-fund-college-protests/
Tides, sharing Toronto space with….DOMINION & TATE FOUNDATION
TATE FOUNDATION
https://register-of-charities.charitycommission.gov.uk/charity-search/-/charity-details/3979833/trustees
TIDES
https://www.tides.org/what-we-do/
ah the sweet sweet inevitable left eats it's own and internal money squabbles. The Patrice Cullors wanna be cultists got ham strung by more sophisticated commies. DELICIOUS. idk if this was already posted, sorry if so..