Well, well, well.
It seems that the Southern Poverty Law Center, the fund-raising darling of left-wing extremists and their skewsmedia propagandists, has been caught salting away a lot of its 501(c)(3) tax-exempt cash in offshore banks.
Here’s a link to The Washington Free Beacon reporter Joe Schoffstall’s excellent and well-researched article posted August 31, 2017, entitled Southern Poverty Law Center Transfers Millions in Cash to Offshore Entities.
People interviewed in Schoffstall’s article asked a good question. Why does an IRS certified 501(c)(3) organization (already tax exempt) that supposedly exists to provide legal assistance “… in the area of children’s rights, economic justice, immigrant justice, LGBT rights, and criminal justice reform …” need to stash cash offshore?
OpenCdA also thought it was interesting that the Wall Street Journal is beginning to ask questions about the Southern Poverty Law Center and some of its most recent major ultra-liberal corporate donors including Apple and J.P. Morgan Chase. See Kimberley Strassel’s opinion piece J.P. Morgan’s Hate List (subscription required) published in the Wall Street Journal on August 24, 2017. Her op-ed article revealed
“… the SPLC isn’t even considered a sound charity. Karl Zinsmeister excoriated the outfit in a recent article for Philanthropy Roundtable: ‘Its two largest expenses are propaganda operations: creating its annual list of ‘haters’ and ‘extremists’ and running a big effort that pushes ‘tolerance education’ through more than 400,000 public-school teachers.”
Zinsmeister’s quote went on
“And the single biggest effort undertaken by the SPLC? Fundraising. One [sic] the organization’s 2015 IRS 990 form it declared $10 million of direct fundraising expenses, far more than it has ever spent on legal services.”
Considering Zinsmeister’s quote in conjunction with the great question raised in Joe Schoffstall’s article in The Washington Free Beacon, OpenCdA hopes that once the Trump administration’s Justice and Treasury Departments have been sufficiently flushed of the Obama administration’s career swamp-dwellers, they will reinvigorate the FBI and IRS’s interests in money laundering and asset hiding investigations and in anti-trust violations by major corporations. And while the IRS is noodling around in the SPLC’s books, please take a renewed look at its 501(c)(3) exemption from federal income taxes.