Fri Mar 17, 2023 – 6:00 pm EDT
(LifeSiteNews) – A newly published report revealed that Silicon Valley Bank (SVB) gave over $70 million dollars to Black Lives Matter (BLM) as well as to other woke causes.
The report was published by the conservative Claremont Institute, the organization announced in an op-ed published by Newsweek. The report also stated that Signature Bank gave $850,000 to BLM before it folded.
It is not clear how the donated money was used, though the Claremont Institute suggested that money used BLM’s parent organization, the Global Network, to invest 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’” could serve as a possible indication.
According to The Federalist, SVB pledged to increase its “Diversity, Equity and Inclusion (DEI)” commitment in the workplace after the George Floyd riots in the summer of 2020. Indeed, the bank stated in a DEI report that August that “Innovation is global and is touching every aspect of our lives, which is creating even more need for inclusiveness of ideas
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