Friday, March 1, 2024

Woke, Broke Silicon Valley Bank Gave $73.5M to BLM: Claremont Institute

'They insured their survival by paying the money to BLM. No way the Biden administration is going to let them fail... '

(Ezekiel Loseke, Headline USA) The conservative think tank, the Claremont Institute, has begun tracking corporations that donate to Black Lives Matter.

One of the bombshell revelations to come from the report showed that embattled, woke and broke Silicon Valley Bank gave nearly $73.5 million to the “BLM Movement & Related Causes.”

“Best investment they ever made,” cracked Bill Speros, senior betting analyst and Boston Herald columnist.

The massive donated or pledged largesse upward of $74 million to the radical activist group, “is yet another indication that SVB was focused on woke virtue signaling instead of protecting their customers’ deposits,” Will Hild, the executive director of Consumers’ Research, told The Federalist.

The Claremont database provides the name of the donating company, the amount donated and a link to a press-release and/or news story covering the donation. The project is aligned with the mission of the Center for the American Way of Life.

The project is housed in the Center for the American Way of Life, and is entitled the Black Lives Matter Funding Database.

“The mission of the Claremont Institute Center for the American Way of Life is to refute woke doctrines, reclaim America’s institutions, and form a new Right,” according to an email announcing the launch of the project from The Claremont Institute.

Black Lives Matter has received $82.9 billion from corporate donors, according to the database. The Institute made clear exactly how much money this is.

“As a point of reference, in 2022, Ford Motor Company’s profits were $23 billion dollars,” it wrote. “Moreover, $82.9 billion dollars is more than the GDP of 46 African countries.”

This number includes $123 million given directly to the BLM organization itself, with the rest of the money going to affiliated organizations. The Institute explained that this money comes from some of the best-known American companies.

“Everyone from Coca-Cola to Google is complicit,” it wrote. “Among the biggest contributors is JPMorgan Chase, which pledged $30 billion to its ‘Racial Equity Commitment,’ which includes billions in targeted investments to ‘close the racial wealth gap’ and ‘build diversity into the supply chain.’”

“Microsoft also pledged $244 million to similar causes, including $250,000 to bail funds for rioters.”

The Institute claimed that the BLM tracking project is one of a kind.

“Until the release of Claremont’s BLM database, there has been no systematic attempt to collate and centralize corporate giving to the greatest shakedown of the American economy by left-wing activists,” according to the group’s email. “We hope that the information brought to light by our database proves useful to those wishing to hold companies accountable for their actions.”

Headline USA’s Mark Pellin contributed to this report

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