The Southern Poverty Law Center (SPLC) has reportedly transferred millions of donated dollars to offshore accounts in the Cayman Islands, British Virgin Islands, and Bermuda, The Washington Free Beacon reported Thursday.
The SPLC is the far-left lobbying group that published a map of “hate groups” in the U.S. that is widely credited with instigating a shooting at the conservative Family Research Council in 2012. The organization also called for three U.S. Army bases to be torn down Thursday because they are named after rebel military leaders from the Civil War. Tax records investigated by the Free Beacon show the SPLC reportedly transferred millions to investment funds in the Cayman Islands and elsewhere in in 2014 and 2015.
A 2014 transfer of nearly $1 million went to a pooled investment fund with Tiger Global Management LLC, and made several more transfers of more than $100,000 at the end of 2014. The SPLC sent millions more into the offshore accounts at the beginning of 2015.
Tax experts say the SPLC has more money than it could spend through normal operating costs, and pointed out that offshore transfers are not a common practice for nonprofits. The organization held $328 million in assets and received $50 million in donations in 2015.
“I’ve never known a US-based nonprofit dealing in human rights or social services to have any foreign bank accounts,” Amy Sterling Casil, CEO of consulting firm Pacific Human Capital told the Free Beacon. “It is a huge red flag and would have been completely unacceptable to any wealthy, responsible, experienced board member who was committed to a charitable mission who I ever worked with.”
The SPLC has been widely criticized for smearing conservative organizations as hate groups in its notorious “hate map.” The group capitalized on the angst against Confederate statues in the U.S. by publishing a list of 1,500 “Confederate monuments” that need to be taken down before they “unleash more turmoil and bloodshed.”
The SPLC supplied a letter to the editor template and called on its readers send them to local newspapers to purge American towns of the statues.