By Hayden Ludwig | 28 July 2020
CAPITAL RESEARCH CENTER — 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. […]