By Brandon Moseley
Alabama Political Reporter
Thursday, August, 31, 2017, the Washington Free Beacon’s Joe Schoffstall is reporting that the Montgomery based Southern Poverty Law Center (SPLC), a 501(c)(3) tax-exempt “charitable” organization, has transferred millions of dollars in cash to foreign accounts in the Cayman Islands, British Virgin Islands and Bermuda.
According to the research done by Joe Schoffstall, the SPLC recorded more than $50 million in contributions and $328 million in net assets on its 2015 Form 990, the most recently available tax form from the nonprofit. SPLC’s Form 990-T, its 2015 business income tax return, shows that they have “financial interests” in the Cayman Islands, British Virgin Islands, and Bermuda and 2014 forms reveal some of the SPLC’s transfers to foreign entities, including hundreds of thousands to an account in the Cayman Islands. SPLC also lists Tiger Global Management LLC, a New York-based private equity financial firm, as an agent. There is a foreign partnership between the SPLC and Tiger Global Private Investment Partners IX, L.P., a pooled investment fund in the Cayman Islands and SPLC transferred $960,000 in cash on Nov. 24, 2014 to the fund, along with additional cash transactions to offshore funds.