The Southern Poverty Law Center Is Sitting on $477 Million
weeklystandard.com ^ | 4/24/2018 | Jeryl Bier
Posted on 4/25/2018, 10:30:40 AM by rktman
If its balance sheet is any indication, Donald Trump’s presidency has been very good for the Southern Poverty Law Center. The SPLC’s already impressive endowment grew a staggering 35 percent in fiscal year 2017 to more than $432 million. Including operating funds, total assets topped $477 million as of October 31, 2017. Total revenues and gains in fiscal 2017 exceeded $180 million, more than triple the organization’s expenses for the year, of just under $60 million.
The SPLC has long been considered a fundraising powerhouse, but 2017’s take was mind boggling by any standard. Donations were up 164 percent over 2016: The group took in $132 million between November 2016 and October 2017, compared with $50 million in the preceding 12 months.
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