Reply to thread

Message

<blockquote data-quote="Babagounj" data-source="post: 5904288" data-attributes="member: 12952">Don&#039;t you just hate it when Left groups attack each other.[URL unfurl=&quot;true&quot;]https://www.dailymail.co.uk/news/article-13401575/BLM-bombshell-lawsuit-nonprofit-anti-Israel-campus-protest.html[/URL]<a href="https://www.dailymail.co.uk/news/black-lives-matter/index.html" target="_blank">Black Lives Matter</a> Global Network Foundation (BLMGNF) is suing Tides Foundation for fraud, according to a bombshell lawsuit.Tides is a Los Angeles and San Francisco-based nonprofit that acts as a fiscal sponsor that collects donations for group that don&#039;t have 501(c)(3) tax-exempt status, according to the <a href="https://nypost.com/2024/05/09/us-news/blm-global-network-sues-group-helping-fund-college-protests/" target="_blank">New York Post</a>. 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. 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&#039;s funds, according to the lawsuit.Tides have denied wrongdoing and called the allegations &#039;completely false,&#039; saying in a statement. &#039;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.</blockquote>

[QUOTE="Babagounj, post: 5904288, member: 12952"] Don't you just hate it when Left groups attack each other. [URL unfurl="true"]https://www.dailymail.co.uk/news/article-13401575/BLM-bombshell-lawsuit-nonprofit-anti-Israel-campus-protest.html[/URL] [URL='https://www.dailymail.co.uk/news/black-lives-matter/index.html']Black Lives Matter[/URL] Global Network Foundation (BLMGNF) is suing Tides Foundation for fraud, according to a bombshell lawsuit. 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 [URL='https://nypost.com/2024/05/09/us-news/blm-global-network-sues-group-helping-fund-college-protests/']New York Post[/URL]. 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. 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. 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. [/QUOTE]

Verification