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.”
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. Silicon Valley Bank gave the movement $73.45 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.”