, 5 tweets, 3 min read Read on Twitter
ICYMI: Sen. Cotton letter to IRS requesting an investigation into the tax-exempt status of #SPLC. "SPLC’s defining characteristic is to fundraise off of defamation...which has paid well. SPLC has accrued more than $500M in assets & holds $121M offshore in non-US equity funds."
"In addition to failing to have a tax-exempt purpose…Fed law prohibits tax-exempt orgzs from inuring to the benefit of any private individual. Yet, SPLC has accrued $500M in assets as of Oct. 2018...$121M of these assets are parked in offshore accounts." cotton.senate.gov/?p=press_relea…
So why would the SPLC need an offshore account in the Cayman Islands? From their latest 990. splcenter.org/sites/default/…
More from their latest 990, SPLC has ownership in several foreign corporations. Wonder which ones? The center is also an indirect owner in several passive foreign investment companies as well. Interesting...
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