American Companies Poured Over $82 Billion Into Black Lives Matter Movement: Think Tank

According to a recent funding database, Billions have been poured into Black Lives Matter (BLM), as well as related causes by corporations over the last few years. Signature Bank and Silicon Valley Bank are just a few of the funders.

The Claremont Institute’s Center for the American Way of Life tracks the BLM funding database. It contains pledges and contributions from 2020 through the present. In total, $82.89 billion dollars have been raised by the BLM movement—more than the combined GDP of 46 African nations. This includes $123 million directly going to BLM’s parent organisations. JP Morgan Chase contributed $30 billion, making it the largest donor. Bank of America contributed $18.25billion, followed by Goldman Sachs’ $10.11billion.

SVB donated $70.65million, after its collapse last week. Signature Bank, which was closed down by regulators March 12, donated $850,000.

Exelon donated $3.1 billion, Fifth Third Bancorp $2.8 billion and Starbucks $1.6 billion. Citigroup contributed $1.1 billion. PNC Financial Services, Facebook and New York Life Insurance all contributed more than a million dollars.

BlackRock, CVS Health, PayPal, CVS Health, and PayPal all contributed triple-digit amounts. Mastercard donated $500 million. Pepsi gave $400 million. Google contributed $370 millions.

IBM donated $252,000,000; NFL $250 million; Microsoft $244,000,000; Netflix $205 Million; Amazon $269 Million.

BLM Activism funding, Corporate Wealth Transfer

The Claremont Institute Center for American Way of Life highlighted in a March 14 Newsweek opinion article that the BLM protests that ransacked 200 American towns in 2020 has resulted in up to $2 billion in property damage.

Local BLM chapters continue to spend millions on programs that defund police departments and teach kids marxist doctrines such as queer theory and critical-race theory. “hate themselves, their peers, and their country.”

To end the alleged gangsters, banks are issuing subprime loan to solve their problems. “systemic racism” While corporations lend money to bail out, “violent rioters and criminals.”

The institute cites the $30 billion figure as an example. “Racial Equity Commitment” JP Morgan Chase has a program that aims to “close the racial wealth gap” as well as Microsoft’s $250,000 contribution to a bail fund for BLM rioters—the Minnesota Freedom Fund.

“This redistribution of corporate wealth—wealth that rightly belongs to shareholders, including pensioners and retirees, and that should have been paid out as dividends or put toward stock buybacks—is historic, and may be viewed as a form of reparations made to self-declared enemies of the American nation and way of life. And that wealth transfer is inconceivable without BLM,” According to the institute.

Unsane Spending

BLM members have been accused of spending funds belonging to the organization on their personal expenses. Shalomyah Bowers (head of BLM Global Network Foundation) was accused of stealing more $10 million in donations last September. “on-the-ground work.”

According to reports, Patrisse, the founder of BLM, purchased a $5.8M property in October 2020 using donations.

The property’s ownership was transferred to a Delaware LLC a week after it was purchased. The identity of this new owner was not made public.

In May 2022 tax returns revealed that BLM paid close to $2.17million in service fees for Bowers Consulting firm between June 2020 and July 2020.

Cullors Protection LLC was a security company owned by Paul Cullors, the brother of Cullors. BLM paid $840,000. Cullors’s biological father Damon Turner founded Trap Heals which is a cultural architecture company.