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Billions of dollars have been poured into the Black Lives Matter (BLM) organization and its related causes by corporations during the past few years according to a new funding database, with recently collapsed banks like Silicon Valley Bank (SVB) and Signature Bank among the list of funders.
The BLM funding database is tracked by the Claremont Institute’s Center for the American Way of Life and contains pledges and contributions received from 2020 to the present. In total, $82.89 billion dollars have been raised by the BLM movement—more than the combined GDP of 46 African nations. This includes over $123 million that directly went to BLM’s parent organizations. The biggest donor was JP Morgan Chase, which contributed $30 billion. This was followed by Bank of America with a contribution of $18.25 billion and Goldman Sachs with $10.11 billion.
SVB, which collapsed last week, donated $70.65 million to the organization. Signature Bank, which was shut down by regulators on March 12, contributed $850,000.
Exelon gave $3.1 billion, Fifth Third Bancorp gave $2.8 billion, Starbucks gave $1.6 billion, and Citigroup gave $1.1 billion. PNC Financial Services, Facebook, and New York Life Insurance funded over a billion dollars each.
Other major donors who made triple-digit contributions include BlackRock which donated $810 million, CVS Health with $600 million, PayPal with $535 million, Mastercard with $500 million, Pepsi with $400 million, and Google with $370 million.
