ANN KENEVAN
on 23 hours ago
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🚨 WHY IS SPLC SENDING MILLIONS TO THE CAYMAN ISLANDS?
The Southern Poverty Law Center now holds a massive endowment of roughly $732–738 million (as of late 2024), with total net assets exceeding $780 million. A large portion of this money is invested in high-risk hedge funds, private equity, and other alternative assets. Much of it flows through offshore tax havens like the Cayman Islands, Bermuda, and the British Virgin Islands.
In 2014 alone, the SPLC sent over $5.62 million to Cayman Islands offshore entities.
That same year, its reported direct “case cost” legal expenses were only $1.86 million — just a tiny fraction of its total contributions and grants.
For a nonprofit that raises hundreds of millions from donors by sounding alarms about “hate” and extremism, why is so much money being sent to offshore tax havens instead of going directly to programs?
What are they hiding? 🤔
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