From Washington Free Beacon
The Southern Poverty Law Center (SPLC), a progressive nonprofit whose leadership was recently rocked by allegations of racism and sexual harassment, maintains over $160 million in offshore accounts, new filings show.
The SPLC’s most recent audited financial statement reveals the group had $162 million in a variety of offshore funds as of October 21, 2020. The group’s tax forms show it took in $108 million in donations between November 2019 and late October 2020, an $11 million increase from the previous year. Contributions to the group dipped in 2019 after reports surfaced that allege SPLC founder Morris Dees and other leaders allowed sexual harassment and racial discrimination against minority staffers.
The SPLC is now sitting on $588 million in net assets, $45 million more than the year before. The group did not respond to a request for comment on its investments.
Conservatives have scrutinized the SPLC for its massive war chest, which is aided by offshore investments. Overseas investments are legal and common among institutions such as universities with large endowments, and the SPLC maintains that their holdings are normal. But similar nonprofits, like the American Civil Liberties Union, do not invest in non-U.S. funds.
The SPLC racked up prominent civil rights victories decades ago before turning its attention to hate groups. In recent years, the group has focused mainly on the “Intelligence Project,” which has placed conservative organizations on lists of hate groups alongside the Ku Klux Klan. In 2012, a gunman targeted the Family Research Council after seeing it on the SPLC’s website.
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