Business and Economy Politics

An Infamous Leftist NGO Has Been Exposed with $160 Million in Offshore Accounts

The Source of Many a Spit-Take: The Daily Grind!

The Grind:
The Southern Poverty Law Center (SPLC), a far-left hate group that specializes in smearing right-wing groups and individuals, is currently holding over $160 million of its assets in offshore bank accounts, according to the Washington Free Beacon.

The revelation comes from the most recent financially-audited statements, which show about $162 million in such foreign accounts as of October 21st of last year. The group raised about $108 million over the course of a year between November 2019 and October 2020, which was up $11 million from their previous year’s total.

The Details:
As of now, the SPLC currently has approximately $588 million in overall assets. Although the group claims that this is standard practice for many nonprofits, there are other prominent American nonprofits that do not invest in offshore bank accounts, such as the American Civil Liberties Union (ACLU). Read more…

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