BLM Nonprofit Says Tides Foundation Mismanaged $33 Million (1)

Black Lives Matter Global Network Foundation Inc. is suing in California state court its one-time partner, the Tides Foundation, saying the fund is withholding and has “egregiously mismanaged” more than $33 million in donations earmarked for Black Lives Matter.

After the Black Lives Matter movement surged following the 2020 police murder of George Floyd, donations flowed to the BLM GNF nonprofit. Established in 2017 to center Black political advocacy and invest in Black communities, the organization didn’t have tax-exempt status. As a result, it enlisted the Tides Foundation, a left-leaning donor advised fund based in San Francisco, to help it ...