George Soros-Backed Tides Center Takes Control of Black Lives Matter Donations

August 3, 2020 in News by RBN Staff


Source: Need To Know | Capital Research Center


As we previously reported, the Black Lives Matter Global Network Foundation was a project of a non-profit organization, Thousand Currents, that is run by radical-left revolutionary Susan Rosenberg. She is the woman who, years ago, was convicted of possessing 740 pounds of explosives and who was involved in the Brinks-Nyack robbery in which two cops and a security guard were killed. Documents show that Thousand Currents transferred control of BLM Global Network Foundation and all its assets, including donations, to the Tides Center, a branch of the Tides Foundation.Tides Foundation was created in the 1970s as a conduit to enable donors to anonymously support left-wing causes. Donors gave checks to Tides, which manages their finances in individual “savings accounts”, until a recipient is chosen. Payouts are made as grants, masking the original benefactors’ identities from public scrutiny. This process is described as “charitable money-laundering.” Tides’ biggest donors are foundations, including George Soros’s Open Society Foundations, the Hewlett Foundation, and the Ford Foundation. -GEG


New public documents reveal that the Black Lives Global Network Foundation, the national overseer of 17 local chapters of the most prominent organization in the Black Lives Matter (BLM) movement, has become a project of the Tides Center. This puts Black Lives Global Network Foundation squarely in the middle of a massive political network, with total revenues that exceeded $636 million in 2018 alone.

According to documents filed with the California Justice Department on July 10, 2020, Thousand Currents transferred control of BLM Global Network Foundation and all its assets to the Tides Center.

A Thousand Currents Project

CRC’s Robert Stilson was the first to report that the BLM Global Network Foundation is not a standalone nonprofit, but a fiscally sponsored project of Thousand Currents, a California-based organization.

Donations to the BLM Global Network Foundation end up in Thousand Currents’ coffers, which administers the group’s finances internally. As a Thousand Currents project, the group doesn’t file regular Form 990 reports with the IRS, and it does not disclose comprehensive financial data in the same way a tax-exempt nonprofit must.

While in many cases donors cannot be identified, six- and seven-figure grant totals to Thousand Currents earmarked for the BLM Global Network Foundation have been traced to a number of liberal foundations, including the NoVo FoundationW.K. Kellogg Foundation, and Borealis Philanthropy.
Read full article here…