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Corporate America has donated a whopping $82 billion and counting to the Black Lives Matter movement and related causes, according to the Claremont Institute’s latest database tracking the flow of money to woke groups.
The BLM Funding Database is a part of Claremont’s American Way of Life project. In a column announcing the new tool, Claremont stated that the $82.9 billion given so far “includes more than $123 million to the BLM parent organizations directly. These figures, while shocking, likely underrepresent the true magnitude of the shakedown as some companies failed to make known their contributions, and many BLM organizations remain unknown.”
In wake of the George Floyd riots and thousands who rioted in 2020, a slew of groups cashed in on Corporate America’s willingness to bow to the mob. The resulting financial haul for such organizations is indeed astonishing. For example, BlackRock has pledged $810 million to these groups.
“Blackrock instituted a $10M action plan, including $5M to organizations supporting racial equity, $5M fund to elevate Black and Latinx social entrepreneurs, and a doubling of its employee charitable gift matching program from $5K to $10K per donation,” the database claims. “It also established an $800M Impact Opportunities Fund to back businesses or projects serving BIPOC communities. About $80M of the fund deployed as of May, 2022.”
The now infamous Silicon Valley Bank, which critics have said failed due in part to its focus on woke causes, gave more than $73 million to groups advocating for so-called racial justice causes.
Worse, evidence indicates that very little of the money featured in Claremont’s database actually goes to helping poor black Americans. Instead, it often goes toward insidious ideologies like radical gender theory, as well as enriching BLM-movement leaders, as exposed by Daily Wire host Candace Owens’ documentary, “The Greatest Lie Ever Sold.”
It isn’t necessarily new information that Big Business favors leftist groups, which are often hostile to capitalism, but the collection of data on the dollar amounts truly paints a picture regarding just how much cash is funding the latest iteration of America’s Cultural Revolution. Those who oppose this insanity aren’t just up against Big Government, Democrats, and academia, but corporations as well.
A previous version of this article incorrectly stated that SVB donated to BLM; SVB donated to other groups advancing race-centered causes.
The views expressed in this piece are the author’s own and do not necessarily represent those of The Daily Wire.