Politics

20 Percent Of The SPLC’s Assets Are In Offshore Investments

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Robert Donachie Capitol Hill and Health Care Reporter
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The Southern Poverty Law Center (SPLC) is holding over $90 million in offshore investments, according to IRS filings.

The SPLC, a controversial tax-exempt nonprofit organization know for designating “hate groups,” has $92 million in offshore investments, according to IRS filings. Some 20 percent of the nonprofit’s total assets are in non-U.S. equity funds.

The Washington Free Beacon found in 2017 that the SPLC has investments in entities in Bermuda and the British Virgin Islands.

SPLC received a waterfall of donations after the election of President Donald Trump.

The riots in Charlottesville in 2017, along with other racially charged events, also helped the nonprofit bring in large donations. Apple and JP Morgan donated millions to the SPLC in the wake of the Charlottesville riots. (RELATED: JP Morgan To Donate To The SPLC)

In total, the SPLC gained an additional $140 million in total assets from Nov. 1, 2016 to Oct. 31, 2017. (RELATED: DHS Warned Charlottesville Law Enforcement Of Potential Violence)

The SPLC has come under fire in recent years for repeatedly mislabeling conservative and right-leaning organizations and individuals as “bigoted” or “hate” inspiring.

The organization announced a $3.375-million settlement Wednesday for wrongly naming the Quilliam Foundation and its founder as anti-Muslim extremists. After the SPLC named the Family Research Council as “anti-gay,” a shooter walked into the group’s offices in 2012 and opened fire. (RELATED: SPLC Pays Out Millions To A Group Wrongly Labeled As Bigoted)

In March and April, the SPLC was forced to retract four articles for inaccuracies. Three of the articles deleted in March drew conspiratorial connections between American politicians and figures and Russian influence operations within the United States.

Despite a litany of slip-ups, major technology companies, like Facebook, Google and Amazon, have hired the SPLC to help them designate “hate groups” and weed out “hate speech.” (RELATED: Amazon, Facebook, Google Working With The SPLC)

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