According to Simpson, the SPLC has benefited from the Bernie Madoff Ponzi scam. The group’s biggest benefactor was the Picower Foundation, founded by Jeffrey Picower, who was friends with Bernie Madoff for 30 years and made $5 billion in profits from his “investments” with Madoff.
The Southern Poverty Law Center – which has labeled WND and other conservative organizations “hate groups” – is spending massive amounts of money to promote hate-crime propaganda rather than funding its purported mission.
The SPLC bills itself as a nonprofit civil rights group dedicated to fighting hate and bigotry. However, WND has reported extensively on how the organization ignores left-leaning groups, choosing instead to exclusively list conservative groups as so-called “hate” organizations.
The Capital Research Center recently published “Southern Poverty Law Center, Wellspring of Manufactured Hate” by James Simpson, which details how the organization designates conservative groups as hate groups similar to the Ku Klux Klan and Aryan Nations for the purpose of raising money.
The report noted that the SPLC has more than $238 million in assets, making it one of the wealthiest nonprofits in the country. Despite this, the organization spends nearly 20 percent of its budget on fundraising. In 2011, the group spent $6.5 million for fundraising, with $5.5 million going for salaries and administrative expenses.
According to the SPLC’s 2010 tax return, the group spent $12.5 million maintaining, publishing and promoting its hate group reports. However, when it came to fulfilling its primary mission, the group only spent $11 million.
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