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Hometown Lenders

Bulging Bank Accounts For Southern Poverty Law Center

Alabama Political Reporter

Viewed: 3384

Posted by: RStokes
Date: May 11 2017 12:37 PM

By Bill Britt

Alabama Political Reporter

The Southern Poverty Law Center, which promotes itself as a champion for the poor and oppressed, has amassed a $319 million fortune, part of it stashed away in offshore bank accounts, according to its latest posted tax return.

Over the last six years, this left-leaning organization has made deep inroads into Alabama’s Republican supermajority. Each year, their lawyers, accompanied by high-paid lobbyists, butter-up Republican lawmakers to further the organization’s liberal agenda. And, if the sweet-talk fails, they turn on the pressure. Note their recent campaign to shame or trick Legislators into passing “lending” reforms that will leave lower-income Alabamians without a means of borrowing much-needed cash.

Their 2015 taxes show the Montgomery-based nonprofit’s notorious endowment has now swelled to historical levels, up from $302 million the year before.

SPLC’s bulging bank accounts, along with its relentless and often suspect fundraising schemes, have been well-documented for decades by some very respectable publications and watchdog groups.

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