Thursday, September 7, 2017

The $outhern Poverty Law Center Has $69 Million Parked Overseas

Via Billy

 

The civil rights group best known for its 'hate map' has investments across the globe, including in the Caymans, British Virgin Islands, and Bermuda.

The Southern Poverty Law Center invests almost 20 percent of its nearly $320 million endowment fund in offshore equities and other investments. The 2016 annual report of the Alabama-based civil rights organization reports $69,093,576 of "non-U.S. equity funds" among the assets comprising the total endowment fund of $319,283,961, a fund the SPLC describes as a "plan for the day when nonprofits like the SPLC can no longer afford to solicit support through the mail because of rising postage and printing costs." (Given that 2016 contributions topped $45 million, that day has not yet arrived.)

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