Home News Analysis: Corporate America Has Donated $82 Billion To BLM-Related Causes

Analysis: Corporate America Has Donated $82 Billion To BLM-Related Causes

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A protester holds up a Black Lives Matter sign outside the Hennepin County Government Center.

A new analysis is revealing the price tag of corporate America’s woke donations.

According to the latest reports from the Claremont Institute shows corporations have donated over $82 billion to Black Lives Matter-related causes.

According to The Daily Wire, the BLM Funding Database is a part of Claremont’s American Way of Life project.

In a column announcing the new tool, Claremont stated that the $82.9 billion given so far “includes more than $123 million to the BLM parent organizations directly. These figures, while shocking, likely underrepresent the true magnitude of the shakedown as some companies failed to make known their contributions, and many BLM organizations remain unknown.”

In the aftermath of the 2020 George Floyd riots, numerous American corporations lined up to direct funds towards BLM-related causes, as well as cut ties with Republicans. For example, BlackRock has pledged $810 million to BLM-related groups in the future.

“Blackrock instituted a $10M action plan, including $5M to organizations supporting racial equity, $5M fund to elevate Black and Latinx social entrepreneurs, and a doubling of its employee charitable gift matching program from $5K to $10K per donation,” the database claims. “It also established an $800M Impact Opportunities Fund to back businesses or projects serving BIPOC communities. About $80M of the fund deployed as of May, 2022.”

The now infamous Silicon Valley Bank, which critics have said failed due in part to its focus on woke causes, gave more than $73 million BLM and related groups.

However, Claremont reports that very little of the money featured in the database actually goes to helping poor black Americans. Instead, a majority of funds have been directed towards promoting controversial ideologies such as critical race theory and gender theory. Critics have also accused BLM leaders of profiting from the donations.

Last year,  Black Lives Matter Global Network Foundation leader Shalomyah Bowers was accused of stealing more than $10 million from the organization for personal use. (RELATED: Black Lives Matter Official Stole Millions From Organization)

Bowers was hired by Marxist Black Lives Matter co-founder Patrisse Cullors in 2020 to help raise money. In the lawsuit filed in Los Angeles County Superior Court, Bowers was described as a “rogue administrator, a middle man turned usurper” who siphoned contributions to the nonprofit activist group to use as a “personal piggy bank.”

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