The Conservative Cave
Current Events => Politics => Topic started by: BlueStateSaint on June 20, 2018, 01:40:23 PM
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Ain't this interesting? :whistling: :fuelfire: :confused:
Southern Poverty Law Center Has More Than $90 Million In Offshore Funds
Left-wing group has come under fire from both the left and right for its 'hate' designations
BY: Joe Schoffstall Follow @JoeSchoffstall June 20, 2018 5:00 am
The Southern Poverty Law Center (SPLC), a left-wing nonprofit known for its "hate group" designations, now has $92 million in offshore investment funds, according to financial statements.
The SPLC, which has come under fire from across the political spectrum for some of its "extremist" labeling of groups, has been thriving since President Donald Trump entered the White House.
The controversial organization reported $477 million in total assets and $132 million in contributions on its most recent tax forms, which cover Nov. 1, 2016 to Oct. 31, 2017. That represents an increase of $140 million in its total assets from the previous year. Millions flowed to the group following the deadly Charlottesville, Va. attacks from employees at companies including JP Morgan Chase and Apple as well as from actors such as George Clooney.
As part of its business dealings, the SPLC holds tens of millions in offshore entities.
While little is publicly available on the SPLC's actual transactions, the Washington Free Beacon discovered forms last year that shed light on some of its transfers to entities that are mainly located in the Cayman Islands. The SPLC additionally reports investments in entities in Bermuda and the British Virgin Islands. The Weekly Standard later found that the SPLC had $69 million in non-U.S. equity funds.
Very interesting. The rest is here: http://freebeacon.com/politics/southern-poverty-law-center-90-million-offshore-funds/
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"Absolute power corrupts absolutely." - Lord Acton
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Shaking down non-profits seem to be a very lucrative business plan.