Southern Poverty Law Center Amasses $518M War Chest, $121M Now Offshore
The Southern Poverty Law Center (SPLC), a far-left nonprofit known for its “hate group” designations, has surpassed a half billion dollars in total assets and now has $121 million parked offshore, according to the group’s most recent financial statements.
[…]According to the filings submitted to California’s Office of Attorney General, the group reported total assets of $518 million from November 2017 to the Oct. 31, 2018, an increase of $41 million from the $477 million in total assets it reported on its previous year’s tax forms.
The SPLC’s assets increased despite its total revenue falling by $15 million last year. The SPLC hauled in $136 million in total revenue throughout 2017. This number fell to $121 million in 2018. Its contributions and grants also fell by more than $20 million from 2017 to 2018, from $132 million to $111 million.
Despite the fall in revenue, the SPLC’s vast investment portfolio expanded in 2018, which included a drastic increase in the amount of money it has parked overseas. By the end of 2018, its non-U.S. equity funds rose to $121 million, an uptick of nearly $30 million from the $92 million it had parked in offshore investments throughout 2017.
The SPLC pushed the Jussie Smollett story:
They also pushed the Covington Catholic hoax:
“Fighting hate” is big business.
As Kevin Alfred Strom stated recently on American Dissident Voices, one man with a serious chance of winning is filing a lawsuit against the fabulously wealthy Jewish group:
There is a new lawsuit against the SPLC brought by one of that group’s victims, Mr. Glen Allen of Baltimore, who lost his job as an attorney with the city after accusations of “racism” were made against him by the Jewish group. The National Alliance is involved because the SPLC, in trying to ruin Mr. Allen’s life, obtained and used documents that had been stolen from the Alliance. This suit has a very good chance of success, as 1) Mr. Allen is known as a top-flight attorney, 2) his complaint — read it here — is irrefutable and perfectly crafted, and 3) the SPLC’s immoral, unethical, damaging, and illegal acts are completely indefensible. Chairman Will Williams of the National Alliance encourages all of us to help Mr. Allen’s efforts.
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Source: Information Liberation