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American Companies Poured Over $82 Billion Into Black Lives Matter Movement: Think Tank

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American Companies Poured Over $82 Billion Into Black Lives Matter Movement: Think Tank
People hold up signs outside Austin Police Department after a vigil for Garrett Foster, a Black Lives Matter protester who was shot dead after allegedly brandishing his firearm at a driver, in Austin, Texas, on July 26, 2020. Sergio Flores/Getty Images
Naveen Athrappully
Naveen Athrappully
Reporter
3/16/2023|Updated: 3/16/2023
0:00

Billions of dollars have been poured into the Black Lives Matter (BLM) organization and its related causes by corporations during the past few years according to a new funding database, with recently collapsed banks like Silicon Valley Bank (SVB) and Signature Bank among the list of funders.

The BLM funding database is tracked by the Claremont Institute’s Center for the American Way of Life and contains pledges and contributions received from 2020 to the present. In total, $82.89 billion dollars have been raised by the BLM movement—more than the combined GDP of 46 African nations. This includes over $123 million that directly went to BLM’s parent organizations. The biggest donor was JP Morgan Chase, which contributed $30 billion. This was followed by Bank of America with a contribution of $18.25 billion and Goldman Sachs with $10.11 billion.
Naveen Athrappully
Naveen Athrappully
Reporter
Naveen Athrappully is a news reporter covering business and world events at The Epoch Times.
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Related Topics
Critical Race Theory (CRT)
Black Lives Matter (BLM)
blm funding
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