The Black Lives Matter (BLM) movement and related causes received an astonishing $82.9 billion from corporations, a new funding database from the Claremont Institute has found.
The Claremont Institute’s Center for the American Way of Life explained the necessity of their report in an article published in Newsweek, where the Center asserted that the 2020 BLM movement was about more than just “rioting and destruction.”
The Center explained that “The BLM pressure campaigns, harassment, and moral blackmail also amounted to possibly the most lucrative shakedown of corporate America in its history.”
“As a point of reference, $82.9 billion is more than the GDP of 46 African countries. In 2022, the Ford Motor Company’s profits were $23 billion,” they also noted. The sum of $82.9 billion includes “more than $123 million to the BLM parent organizations directly,” as well as much more to other organizations supporting BLM’s agenda.
The list reveals that several popular corporations from a wide range of different industries supplied the movement with large sums of cash. Walmart, for example, which is based in Arkansas, gave a whopping $100 million in support of BLM and related causes focusing on “racial equity.” Amazon gave even more, supplying the movement with an astonishing $169.5 million.
Meanwhile, the pharmaceutical company Abbvie gave the movement over $62 million in funding. Allstate gave $7.7 million to the cause and American Express gave $50 million. Apple gave $100 million while AT&T gave $21.5 million. The movement and its causes received another $90 million from Nike.
United Airlines, JetBlue, Southwest Airlines, and Delta Airlines all gave money to BLM and related causes as well.
Bank of America, meanwhile, provided $18.25 million to BLM and related causes while Wells Fargo diverted $210 million towards BLM and related causes. Deloitte gave $85 million to BLM and related causes.
Asset management giant BlackRock put a shocking $810 million towards BLM and related causes, while other powerful financial institutions also bankrolled the movement, with Capital One Financial giving $10 million, Morgan Stanley giving $30 million, US Bank giving $160 million, and Goldman Sachs giving $10.1 million.
Meanwhile, Prudential Financial supplied the movement and its related causes with a sum of $450 million but was outdone by Mastercard, which gave $500 million.
The database found that Boeing gave $15.6 million, while Northrop Grumman gave $2 million and Raytheon gave $25 million.
The Walt Disney Company gave $8.8 million to BLM and related causes while the Pokémon Company gave $200,000.
The Claremont Institute’s Center for the American Way of Life also explained how the funds have been used, remarking that
“The Global Network is investing tens of millions of dollars to support future operations, purchasing luxury real estate, engaging in nepotism, disbursing grants to dozens of BLM chapters and revolutionary organizations, and operating a PAC to “elect progressive community leaders, activists, and working-class candidates fighting for Black liberation.”
Meanwhile, “Local BLM chapters are spending millions on activism and initiatives to defund police departments” and “BLM At School is indoctrinating children around the country in critical race theory and queer theory, teaching them to hate themselves, their peers, and their country.”
“Left-wing nonprofits are effecting wholescale societal change too radical for normal legislative avenues, constituting a form of shadow governance,” they went on to note.
The agenda has also seeped into the financial industry’s loan operations, the Center explains, pointing out that “banks are issuing billions of dollars in subprime loans ‘to help end systemic racism,’” all while “corporations are funding leftist bail funds that release violent rioters and criminals onto our streets and collaborating to create racialized, anti-meritocratic hiring schemes.”
The shakedown “may be viewed as a form of reparations made to self-declared enemies of the American nation and way of life,” they added.
Editor’s Note: This headline and story have been updated to reflect that not only Black Lives Matter but also related causes received significant sums of money from corporations. A sentence stating that Silicon Valley Bank donated to the Black Lives Matter movement has been removed.
Spencer Lindquist is a reporter for Breitbart News. Follow him on Twitter @SpencerLndqst and reach out at firstname.lastname@example.org.