Tides Foundation Over $33 Million Fund Mismanagement

The lawsuit alleges that the Tides Foundation misappropriated funds intended for BLM, sparking a legal battle over financial transparency and donor intent.

Black Lives Matter Global Network Foundation claims Tides Foundation withheld and mismanaged $33 million in donations.
Tides, a fiscal sponsor for various progressive causes, is accused of diverting funds meant for BLM to other groups, including anti-police and pro-Palestinian organizations.
The complaint highlights a lack of regulatory oversight in nonprofit financial operations, with Tides managing assets over $1.4 billion.
Previous financial controversies surrounding BLM leadership and funding transparency have compounded the organization's scrutiny.
BLM asserts the legal action is crucial for upholding accountability and transparency in social justice funding.