BLM Sues George Soros' Tides Foundation Because I Really Needed a Boner-Boost Today

It's a dose of Viagra for the soul.

The Black Lives Matter Global Network Foundation is suing the George Soros--backed Tides Foundation, alleging it mishandled and withheld $33.4 million in donations.

Wait, the group that spends millions on LA party-mansions and calls it "activism" is accusing someone else of mishandling donor money?

This is too rich.

So are BLM's founders.

The legal battle highlights a deepening rift within the left's activist infrastructure, pitting two of its biggest players against one another.

Key Details:

BLMGNF claims Tides withheld $33.4 million and mismanaged funds, spending at least $6 million despite ongoing litigation.

Lawyers for BLM accuse Tides of even using over $1 million of BLM's donations to fund its legal defense.

The lawsuit adds fuel to broader scrutiny of both groups: BLM for lavish spending, and Tides for acting as a conduit for radical left-wing causes.

Diving Deeper:

The Black Lives Matter Global Network Foundation (BLMGNF), once hailed as the central hub of the BLM movement, is now locked in a bitter fight with one of its closest progressive partners. In a scathing lawsuit, BLM accuses the San Francisco--based Tides Foundation--an organization long funded by leftist billionaire George Soros--of "deceptive business practices" and "egregious mismanagement" over more than $33 million in donations.

The dispute dates back to BLM's early days. When the group was founded in 2013, it lacked tax-exempt status and relied on Tides to serve as its fiscal sponsor, channeling millions in anonymous donations to local BLM chapters. That arrangement worked--until the 2020 surge in donations after George Floyd's death, when BLM raked in nearly $90 million in two years. Suddenly, its partnership with Tides turned from convenience to chaos.

According to BLM's attorney Lawrence Segal, Tides not only froze BLM's money but actively spent it. "My client now has to pay money just to get their own money back, after my client raised 100% of it," Segal told The Post. He further alleged that "more than $1 million has been spent by Tides out of my client's money just on attorney's fees -- possibly to pay their own lawyers."

The lawsuit claims Tides lumps all donor money into a $1.4 billion pool, making it impossible for groups like BLM to track their funds. "TIDES does not segregate monies. All of my client's money is apparently commingled in one giant account," Segal said.

...

BLM itself has faced scandals. Out of the $90 million it raised post-Floyd, just $30 million was distributed to local groups, while tens of millions went toward salaries, investments, and controversial real estate purchases tied to co-founder Patrisse Cullors. Critics say the group became a cash machine for insiders, with Cullors' brother pocketing more than $200,000 a year as "head of security."

Wouldn't it be amazing if BLM turned out to be right and George Soros, long believed to be the generous patron of the left, turns out to be a grifter who is stealing the left's money?

I don't expect that will happen. BLM has a long history of grifting.

But what a turn that would be.

posted by Ace at 03:34 PM

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