Author Topic: BLM co-founder's nonprofit flooded with secret cash from tech titan fund  (Read 179 times)

0 Members and 1 Guest are viewing this topic.

Offline mystery-ak

  • Owner
  • Administrator
  • ******
  • Posts: 384,785
  • Let's Go Brandon!
 May 6, 2022 2:09am EDT
BLM co-founder's nonprofit flooded with secret cash from tech titan fund
Dignity and Power Now received nearly 60% of its 2020 cash from Silicon Valley Community Foundation
By Joe Schoffstall | Fox News

   A dark money nonprofit chaired by Black Lives Matter co-founder Patrisse Cullors has received a majority of its recent cash from a secretive fund used by Silicon Valley tech giants, filings show.

Cullors' nonprofit, Dignity and Power Now, pulled in $4.2 million in undisclosed contributions in 2020, its most recent tax forms show. But while the group does not identify its financial backers, Fox News Digital has discovered that $2.5 million of that amount was funneled through the Silicon Valley Community Foundation and into the BLM activist's social justice nonprofit.

"There is nothing 'dark' or non-transparent about money Fox was so easily able to identify the source and documentation for," said Mark-Anthony Clayton-Johnson, Dignity and Power Now's executive director.

more
https://www.foxnews.com/politics/blm-co-founders-nonprofit-flooded-with-secret-cash-from-tech-titan-fund
Proud Supporter of Tunnel to Towers
Support the USO
Democrat Party...the Party of Infanticide

“Therefore do not worry about tomorrow, for tomorrow will worry about itself. Each day has enough trouble of its own.”
-Matthew 6:34

Offline mountaineer

  • Hero Member
  • *****
  • Posts: 79,432
SVCF's board of directors:

Rebecca Guerra, Human Resources Executive
Greta S. Hansen, Chief Assistant County Counsel, County of Santa Clara
Larry Kramer, President, William and Flora Hewlett Foundation
Scott Kupor, Managing Partner, Andreesen Horowitz
Julie Miraglia Kwon, Partner, McDermott Will & Emery LLP
Wade W. Loo, Chair, Retired Partner, KPMG
Judy Miner, Chancellor, Foothill-De Anza Community College District
Kate Mitchell, Co-founder and Partner, Scale Venture Partners
Shannon Nash, Chief Accounting Officer, Reputation.com
Daniel Perez, Co-founder, OnCore Manufacturing Services
Mauricio Simbeck, Co-founder and CEO of Milagros de Mexico
Nicole Taylor, President and CEO, Silicon Valley Community Foundation
Van Ton-Quinlivan, CEO of Futuro Health
Jennifer Urdan, Former Managing Director, Cambridge Associates
Luz Urrutia, Chief Executive Officer, Opportunity Fund
Issac Vaughn, Chief Operating Officer, Zenefits
Alan Zafran, Secretary/Treasurer, Founding Partner and Co-CEO, IEQ Capital
https://www.siliconvalleycf.org/board-of-directors
Quote
Silicon Valley Community Foundation Supported Nonprofits With Over $2 Billion in Grants in 2021

In 2021, the nation’s leading community foundation—which prioritizes local nonprofits and those led by people of color—awarded more than $2 billion in grants to nearly 6,000 organizations thanks to its generous donors

Jan. 19, 2022, Mountain View, Calif.  — Silicon Valley Community Foundation distributed $2.27 billion in grants to nearly 6,000 nonprofits and community organizations in 2021 supporting education, youth and community development, health, public safety and other important community issues. $777 million went to nonprofits in the Bay Area. SVCF’s total grantmaking figure represents a 21.5% increase compared to 2020.

Starting in 2019, SVCF has operated under a new strategic plan, guided by a vision of an equitable, economically secure and vibrant future for all residents in Silicon Valley. The foundation has been working with donors to promote effective philanthropy with a focus on local giving. SVCF has also shifted its strategy to provide more general operating support and capacity-building grants to a broader range of organizations that serve people and build movements. These include smaller and emerging organizations led by people of color and allied organizations that amplify the voices and agency of historically underrepresented communities, including Black, Latinx, Indigenous and other communities of color and undocumented residents.

“At the start of 2021, we were determined to build on the progress we’d made in 2020 toward lasting change in our communities,” said Silicon Valley Community Foundation President and CEO Nicole Taylor. “We were deeply humbled to see that with our new grantmaking strategy in place, a refreshed focus on equity and our efforts to encourage more local giving by our donors, the foundation granted record-breaking amounts of money to vital community organizations. This is the kind of impact we want to continue to have.”

In 2021, SVCF distributed*:

    $2.27 billion in total grants to nearly 6,000 organizations
    $921 million to organizations in California
    $777 million in grants to Bay Area organizations (a 48% increase compared to 2020 and the most distributed in any region)
        More than 2,000 organizations in 10 Bay Area counties received grants
        $201 million in grants to nonprofits in San Mateo and Santa Clara counties (a 9% increase compared to 2020)

The vast majority of grants distributed by SVCF come from “advised funds,” including donor advised and corporate advised funds established at the community foundation by individuals, families and companies. Advised funds allow donors and companies to support charitable efforts locally, nationally and internationally. SVCF also makes discretionary grants from its own community endowment funds; these are staff-directed and board-approved, and support nonprofit organizations serving the residents of San Mateo and Santa Clara counties. SVCF is committed to serving its neighbors through initiatives focused on supporting local leaders and organizations that prioritize racial equity and social justice.

“As we continue through the pandemic and work to build more resilient communities, SVCF is devoting our energy and resources to organizations that are helping their communities build the power, agency and voice to create movements that inspire real change,” Taylor said. “We look forward to continued collaboration with our donors and corporate partners as we work toward achieving a more equitable Silicon Valley together.”
Press Release
 *****rollingeyes*****
Support Israel's emergency medical service. afmda.org