Cullors’ nonprofit, Dignity and Power Now, pulled in $4.2 million in unknown grants in 2020, its most recent tax forms show. While the group does not identify its financial backers, Fox News has found out that $2.5 million of that amount was funneled via 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,” announced Mark-Anthony Clayton-Johnson, Dignity and Power Now’s executive director.
A “dark money” group is an entity that does not reveal its funding sources, and Cullors’ nonprofit does not make its donors public. Fox News Digital’s finding of the $2.5 million in contributions resulted from browsing dozens of 990 tax forms of charitable foundations. The Silicon Valley money made up nearly 60 percent of its 2020 fundraising haul.
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“When we choose to accept philanthropic dollars, it is grounded in the commitment and reality that we move resources directly towards improving the lives of Black and Brown communities whom we serve and are accountable to,” he went on. “Our impact and work speaks for itself and we are proud to continue doing it.”
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“If what you publish contains falsehoods and distortions, we will respond accordingly,” Clayton-Jonnson stated.
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The Silicon Valley Community Foundation is a massive donor-advised fund linked to several big-name tech titans. Netflix co-founder Reed Hastings, Facebook co-founder Mark Zuckerberg, and former Twitter CEO Jack Dorsey have all parked money in the organization.
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Due to its tax forms, it got $2.1 billion in donations in 2020, making it one of the largest funds in the United States.
Although, it is impossible to determine what individual(s) funded Cullors’ group from the foundation. It does not name who drives cash into it, and it does not report which of its donors directs their cash from the fund to outside groups.
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The Silicon Valley Community Foundation embraced a relatively low profile until its leaders became embroiled in controversy over its “toxic” work environment, including bullying and sexual harassment.
Emmett Carson, the former President and CEO of the Silicon Valley Community Foundation, was ousted from his position and received $300,000 in severance pay following the fallout, according to The Mercury News.
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Groups linked to Cullors have acquired hefty funding from identifiable tech executives and their spouses.
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Facebook co-founder Dustin Moskovitz and his wife, Cari Tuna, supplied Dignity and Power Now with $5.5 million between 2017 and 2020.
Moskovitz departed Facebook in 2008 yet maintains a 2 percent interest in the social media company, now dubbed Meta, which Forbes states accounts for a good portion of his $12.1 billion net worth.
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