{"id":23,"date":"2025-10-07T15:05:00","date_gmt":"2025-10-07T15:05:00","guid":{"rendered":"https:\/\/americanfreshnews1.com\/?p=23"},"modified":"2025-10-07T15:05:00","modified_gmt":"2025-10-07T15:05:00","slug":"blm-sues-george-soros-backed-foundation-for-33-4m","status":"publish","type":"post","link":"https:\/\/americanfreshnews1.com\/?p=23","title":{"rendered":"BLM Sues George Soros-Backed Foundation for $33.4M"},"content":{"rendered":"<h3 data-start=\"1252\" data-end=\"1270\"><strong data-start=\"1256\" data-end=\"1268\">Breaking<\/strong><\/h3>\n<p data-start=\"1271\" data-end=\"1660\">In May 2024,\u00a0<strong data-start=\"1284\" data-end=\"1294\">BLMGNF<\/strong>\u00a0filed a lawsuit in California against the\u00a0<strong data-start=\"1337\" data-end=\"1357\">Tides Foundation<\/strong>, demanding\u00a0<strong data-start=\"1369\" data-end=\"1386\">$33.4 million<\/strong>\u00a0be returned. The suit alleges that Tides, during its role as BLM\u2019s fiscal sponsor, mishandled the funds, refusing to segregate them properly and misallocating large amounts without BLM\u2019s consent.<\/p>\n<p data-start=\"1662\" data-end=\"1900\">The dispute has recently intensified: BLM has asked the California Attorney General to investigate Tides. \u00a0Meanwhile, the trial is scheduled for\u00a0<strong data-start=\"1844\" data-end=\"1859\">August 2026<\/strong>.<\/p>\n<h3 data-start=\"1907\" data-end=\"1937\"><strong data-start=\"1911\" data-end=\"1935\">Details &amp; Background<\/strong><\/h3>\n<p data-start=\"1938\" data-end=\"2408\">When BLM first launched around 2013, it lacked formal tax-exempt status, so it contracted Tides as a\u00a0<strong data-start=\"2039\" data-end=\"2057\">fiscal sponsor<\/strong>\u2014effectively using Tides\u2019 infrastructure to accept donations and manage funds. Under that arrangement, Tides collected contributions, handled administrative tasks, and (BLM claims) promised to return or allocate funds per BLM\u2019s direction once it obtained tax-exempt status.<\/p>\n<p data-start=\"2410\" data-end=\"2443\">BLM\u2019s complaint accuses Tides of:<\/p>\n<div class=\"code-block code-block-2\">\n<div id=\"ld-2629-1014\"><\/div>\n<\/div>\n<ul data-start=\"2445\" data-end=\"3472\">\n<li data-start=\"2445\" data-end=\"2556\">\n<p data-start=\"2447\" data-end=\"2556\"><strong data-start=\"2447\" data-end=\"2474\">Egregious mismanagement<\/strong>\u00a0of charitable funds exceeding $33 million<\/p>\n<\/li>\n<li data-start=\"2557\" data-end=\"2781\">\n<p data-start=\"2559\" data-end=\"2781\">Breach of an oral contract, fraud, conversion, negligent misrepresentation, unfair competition, breach of fiduciary duty, and even operating in an unlicensed, quasi-banking capacity.<\/p>\n<\/li>\n<li data-start=\"2782\" data-end=\"2980\">\n<p data-start=\"2784\" data-end=\"2980\">Failure to segregate funds: BLM claims Tides commingled BLM\u2019s money with that of other groups, making it impossible to track which donations belonged where.<\/p>\n<\/li>\n<li data-start=\"2981\" data-end=\"3158\">\n<p data-start=\"2983\" data-end=\"3158\">Unauthorized transfers: Some funds were allegedly routed to other BLM chapters without explicit approval from BLM\u2019s national network.<\/p>\n<\/li>\n<li data-start=\"3159\" data-end=\"3290\">\n<p data-start=\"3161\" data-end=\"3290\">Even using over\u00a0<strong data-start=\"3177\" data-end=\"3191\">$1 million<\/strong>\u00a0of BLM-designated funds for Tides\u2019 own litigation costs. That Tides continued spending at least\u00a0<strong data-start=\"3332\" data-end=\"3346\">$6 million<\/strong>\u00a0from the donor account during litigation, despite assurances funds would be frozen. Tides, for its part, has denied wrongdoing. It asserts that the fund in question was intended to support\u00a0<strong data-start=\"3579\" data-end=\"3612\">local Black-led organizations<\/strong>, not solely the national BLM entity. Tides claims BLM\u2019s lawsuit seeks to co-opt funds that donors meant for grassroots groups.<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"3823\" data-end=\"3969\">The Tides Foundation also receives substantial support from\u00a0<strong data-start=\"3883\" data-end=\"3926\">George Soros\u2019s Open Society Foundations<\/strong>.<\/p>\n<hr data-start=\"3971\" data-end=\"3974\" \/>\n<h3 data-start=\"3976\" data-end=\"3995\"><strong data-start=\"3980\" data-end=\"3993\">Reactions<\/strong><\/h3>\n<p data-start=\"3996\" data-end=\"4419\">BLM\u2019s legal team, represented by attorney\u00a0<strong data-start=\"4038\" data-end=\"4056\">Lawrence Segal<\/strong>, has been outspoken:\u00a0<em data-start=\"4078\" data-end=\"4181\">\u201cMy client now has to pay money just to get their own money back, after my client raised 100% of it.\u201d<\/em>\u00a0Segal further claims\u00a0<em data-start=\"4243\" data-end=\"4377\">\u201cmore than $1 million has been spent by Tides out of my client\u2019s money just on attorney\u2019s fees \u2014 possibly to pay their own lawyers.\u201d<\/em><\/p>\n<div class=\"code-block code-block-3\">\n<div id=\"ld-6971-1344\"><\/div>\n<\/div>\n<p data-start=\"4421\" data-end=\"4618\">Tides, pushing back, insists the claims are\u00a0<em data-start=\"4465\" data-end=\"4477\">\u201cbaseless\u201d<\/em>\u00a0and threatens that BLM\u2019s suit undermines the intent of donors and endangers grassroots operations. Outside observers have noted that this conflict may signify a deeper fault line within progressive funding networks \u2014 a kind of \u201cleft civil war\u201d over control, oversight, and money flows.<\/p>\n<p data-start=\"4850\" data-end=\"5115\">Some watchdogs have also called attention to BLM\u2019s own financial controversies, like high administrative costs, spending on real estate tied to leadership, and questions about how much money actually reached local chapters.<\/p>\n<h3 data-start=\"5122\" data-end=\"5155\"><strong data-start=\"5126\" data-end=\"5153\">Why This Matters to You<\/strong><\/h3>\n<p data-start=\"5156\" data-end=\"5426\">This lawsuit strikes at the heart of how modern activist funding is structured: not through direct donations to each group, but via centralized fiscal sponsors that aggregate, reallocate, and oversee large sums. When the back-end system fails, accountability vanishes.<\/p>\n<p data-start=\"5428\" data-end=\"5625\">If BLM prevails, it could force sweeping reforms to fiscal sponsorship practices\u2014including more transparency, stricter segregation of donor intent, and legal checks against fund misappropriation.<\/p>\n<p data-start=\"5627\" data-end=\"5944\">It also raises the question: how many other movements, nonprofits, or causes might be similarly vulnerable? The revelation that even prominent progressive groups can be locked into financial disputes with their own allies should concern anyone who supports transparency, integrity, or donor rights in civil society.<\/p>\n<p data-start=\"5946\" data-end=\"6137\">Above all, this is more than an internal dispute. It\u2019s a test of whether powerful institutions\u2014even ones built for social justice\u2014are above scrutiny when it comes to money and accountability.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Breaking In May 2024,\u00a0BLMGNF\u00a0filed a lawsuit in California against the\u00a0Tides Foundation, demanding\u00a0$33.4 million\u00a0be returned. The suit alleges that Tides, during its role as BLM\u2019s fiscal sponsor, mishandled the funds, refusing to segregate them properly and misallocating large amounts without BLM\u2019s consent. The dispute has recently intensified: BLM has asked the California Attorney General to investigate &#8230; <a title=\"BLM Sues George Soros-Backed Foundation for $33.4M\" class=\"read-more\" href=\"https:\/\/americanfreshnews1.com\/?p=23\" aria-label=\"Read more about BLM Sues George Soros-Backed Foundation for $33.4M\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":24,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-23","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/americanfreshnews1.com\/index.php?rest_route=\/wp\/v2\/posts\/23","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/americanfreshnews1.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/americanfreshnews1.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/americanfreshnews1.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/americanfreshnews1.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23"}],"version-history":[{"count":1,"href":"https:\/\/americanfreshnews1.com\/index.php?rest_route=\/wp\/v2\/posts\/23\/revisions"}],"predecessor-version":[{"id":25,"href":"https:\/\/americanfreshnews1.com\/index.php?rest_route=\/wp\/v2\/posts\/23\/revisions\/25"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/americanfreshnews1.com\/index.php?rest_route=\/wp\/v2\/media\/24"}],"wp:attachment":[{"href":"https:\/\/americanfreshnews1.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/americanfreshnews1.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/americanfreshnews1.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}