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Soros Does Not Fund #BlackLivesMatter

November 30, 2015 - Author: steph


When we think of the name George Soros, most people go right to the Quantum Fund – the famous hedge fund company he started and ran for many years, as Investopedia states. He’s also known as “the man who broke the Bank of England” for a bet he had against the British pound, risking $10 billion and making almost $2 million.

So many people believe that Soros is helping to fund the #BlackLivesMatter movement – which was started up by three African-American women on Twitter shortly after the deaths of Tamir Rice, Michael Brown, Eric Garner, and Freddie Gray – among others – at the hands of police. Ben Collins, writing for The Daily Beast, went further into the issue, and went to figure out whether or not Soros was indeed funding the protests – and if the $33 million amount was true.

We are all aware that Soros is pro-Hillary Clinton in this upcoming presidential election. He’s been fundraising for her for a year now. It is no surprise that with the news that democratic presidential hopeful Bernie Sanders gaining ground, there have been protests and speeches called off. The $2 million that Soros has raised for Clinton’s campaign is thought to be tied to two speeches for Sanders that were called off within the past month.

Ken Zimmerman, the director of the U.S. run portion of Open Society foundations, says that the rumors of $33 million being given to the #BlackLivesMatter are false. While Soros has indeed been giving money to the Open Society Foundations, he has not specifically given any to this movement. He further went on to say that they don’t “fund protests, per se” but that they “are continually looking for new voices” and that “it’s a broad array of things – including both immigration and criminal justice reform”.

Furthermore, it should be noted that the two who did interrupt the Sanders speeches – Marissa Johnson and Mara Willaford – would not claim that they do not have ties to the #BlackLivesMatter movement until after the speeches were shut down.

On that note, Zimmerman went on to say that an amorphous movement like the #BlackLivesMatter movement is almost impossible, even if Soros really wanted to do so. He called the idea that he had given $33 million to the movement a “rumor stew”. While he has given $33 million to his Open Society Foundation, about an eighth of that money went to the Drug Policy Alliance – which is a foundation looking to end the war on drugs. They are a nonprofit and are currently helping with the Syrian asylum crisis.

All in all, no one is quite sure how $33 million, #BlackLivesMatter, and Soros were all equated together.

No Comments - Categories: #BlackLiveMatters, Blawsom People, Rumors