
Tides granted more than $12.6 million from its Black Lives Matter Support Fund to BLM Grassroots following the death of George Floyd.
The discovery was revealed after the Black Lives Matter Global Network Foundation sued the Tides Center in California court last year, accusing the nonprofit of withholding $33 million in donations to the foundation. Tides was forced to issue a clarification that the funds were intended for BLM Grassroots, which is a distinct organization separate from BLMGNF, and other racial justice groups. Tides, which manages roughly $1.4 billion in assets, said the amount awarded was $12.6 million, according to a statement issued to Bloomberg.
The Black Lives Matter anti-police racial justice riots caused billions of dollars worth of damage to cities across the United States in 2020.
The findings resurfaced after Trump's new Department of Government Efficiency (DOGE), headed by Elon Musk, took a wrecking ball to USAID this week. DOGE revealed that the government agency has been spending billions of taxpayer dollars on outlandish expenses, such as $2 million for sex changes in Guatemala, $20 million on a children's TV show in Iraq, $7.9 million to teach Sri Lankan journalists how to avoid "binary-gendered language," $6 million for advancing LGBT issues in "priority countries around the world," and the list goes on.
In fiscal year 2024, the USAID received $44 billion in funding from Congress, according to records.
Stephen Miller, Trump's Deputy Chief of Staff, described the USAID as a funding mechanism for the radical left. The Trump administration is moving to permanently shut down the agency. Elon Musk wrote in an X post on Sunday: "USAID is a criminal organization. Time for it to die."
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