Is the splc really out to help illegal aliens or to line their pockets?

Question

SPLC loses $50 Million. Bad news: $PLC can afford it

Patrick Cleburne, VDARE.COM (April 8, 2009)

Those of us who know and love the Southern Poverty Law Center [SPLC, or more appropriately, in VDARE.com's considered opinion, the $PLC] have been naturally intrigued to see if this wealthy operation would be a victim of Bernard Madoff's Ponzi scheme...

Immigration patriots are particularly interested in the $PLC [SPLC] because of its recent obsessive smearing of essentially every immigration reform group in sight. This includes naming as a "hate group" not merely VDARE.COM (which has responded by naming the $PLC a "Treason Group") but also the Federation for American Immigration Reform (FAIR) which the $PLC has absurdly claimed is "at the nexus of the American nativist movement" along with FAIR's equally harmless fellow Beltway herbivores, NumbersUSA and the Center For Immigration Studies.

This new $PLC obsession is obviously odd because the huge post-1965 influx of unskilled legal and illegal immigrants, whatever else can be said about it, has been an unmitigated disaster for low income blacks-allegedly the $PLC's historic concern. Labor leader Cesar Chavez (ironically an $PLC hero) saw this dynamic clearly in the case of his farm workers, at that time largely native-born Hispanics. It's why the Howard Industries blacks cheered last year's ICE raid on their employer.

Complaints, even from the Left, about the $PLC's [Southern Poverty Law Center] lack of interest in black and "Civil Rights" issues, and its extreme interest in money, date back at least to Ken Silverstein's classic The Church of Morris Dees (Harper's Magazine, November 2000) and JoAnn Wypijewski's ferocious defense of her criticism of the $PLC for ignoring local Black causes in her Nation magazine article Back to the back of the Bus (December 2000).
The $PLC's Form 990 (PDF), which tax-exempt charities must file the IRS, and its Audited Financial Statements (PDF) are now available for the fiscal year ending October 2008. And the answer to the Madoff matter-no such luck. Our friends apparently escaped unscathed.

But how did the $PLC manage to resist the allure of the so-called "Jewish T-Bill"-an operation which claimed to produce relatively moderate but extremely consistent returns over many years? Would that not be attractive to the $PLC as a prudent 501(c)(3) Charity-as it was tragically to so many others, and to so many Jewish retirees as well?
.Of course, this investment objective did cause the $PLC to sustain $51.2 million in "Investment" losses in the Fiscal year closing 10-31-08. But this left the $PLC with some $167.8 million in total portfolio assets at the end of the year.

And the implied approximately 30.5% FY 2008 loss is actually not exceptional. The S&P 500 lost 37.5% over the same period. (Of course, this makes the questionable assumption that it was prudent for the $PLC to be so exposed to stocks, rather than less volatile financial instruments like bonds or money market instruments). Essentially, the $PLC balance sheet looks similar to what one would imagine for a retired Goldman Sachs partner: property and working capital, plus a huge sophisticated investment portfolio.

As of 10-31-08, the $PLC showed $35.6 Million (18.5% of its assets) in a kind of current account, called the "operating fund", which contains, curiously, all the physical assets including $16.9 million in depreciated real estate (to be fair- apparently no yacht!) This "operating fund" includes an investment pool of $11.6 million, on which losses of $1.2 million were sustained in FY '08. Presumably this is the management's dabbling/fun account.

The balance consists of an investment portfolio, which stood at $156.2 million at 10-31 08. This is termed the "Endowment Fund".

It is important to understand that, according to the $PLC's own Financial Statements, there are essentially no restrictions on this fund. In the Charity world, this is not what is commonly understood by an "endowment", which is usually dedicated to specific purposes, and often confined to spending income only. As Daniel Borochoff, President of the American Institute of Philanthropy, told Bill O'Reilly in 2001:

"They want to build up their reserves just like you'd probably like to be a multimillionaire so you could live off the interest... It's not really an endowment [just] because the board called it that." (See NPI/SPLC Report II, Pp17-18)

Proof of Borochoff's view of the $PLC strategy arose in 2008. Endowments are usually tapped in poor years, for operating expenses. But the $PLC transferred $4 million from its "Operating Fund" to its "Endowment Fund" last year-a clear demonstration of the management's Scrooge-like priorities.

It is when one examines the details of this "Endowment Fund" that the $PLC's heroic dedication to money-making becomes glaring. P14 of the Financial Statements reveals that of the $156.2 million:

$20.7Million (13.3%) was in "

Answer 1

They are a lobby group. They can be retained by anyone who walks in the door, and in the past, strange people walked in their doors and hired them. I do not doubt a moment that the SPLC was hired by the Mexican Government to slander and victimize those who were NOT receiving money from the Mexican Government.



BUT.. the VDare article is delicious to read.

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Has anyone else noticed the bad guys are still around. The diddle with my posts rather frequently, and don't allow some posts to go up until a couple of hours have passed by. It is a mark of their countries processes.

Answer 2

I think the current illegal immigrants should get amnesty and get they way to citizenship in no time. The current illegal immigrants should get the amnesty and all the other immigrants that crossed the border illegally after the effect day of the law should then be arrested and returned to their country. Immigrants that were caught crossing the border illegally will be enrolled on a help list that helps the immigrant get into the country legally and get citizenship to the United States.

Answer 3

For starters they don't just help "Immigrants" all Day long. This is something that had just been added to the Firm not too long ago. In case you didn't know S.P.L.C. is "Non Profit". It's not like they are Forcing their Members to give Money to them and when People do Donate and pay their Membership most of that Money go to Schools to help fight Tolerance and those that say otherwise is "Not" a Member of the Law Center and know very little about what they are about. It's very odd how when someone do good things they get Lied on and that make you wonder about those that Nag about the S.P.L.C. because my only thought is they will be the very ones that would turn to the life of Crime because after all this is a "Law Firm" we are talking about here with Supporter from all walks of Life many being White. A lot of the Information I'm seeing here is False as someone has mention one time before that S.P.L.C. don't talk about the Issue between African Americans and Latinos in Cali and I know for myself this was a Lie because not only was it on their Website about this they even sent me their Monthly Mag. on this Topic. And as far as Bill O'Reilly is concern I don't pay him any mind. He is just another Clone of Lou Dobbs. Nothing Positive comes out their Mouth. I am not picking on them when I say this because it is some good Whites out here in this World but for many Whites that Nag about the S.P.L.C. they only have them self to blame for there being such thing as the S.P.L.C. and NAACP. They are the ones that put these places up to do Good Deeds in Life not to cause harm to anyone. Somebody have to step up to the plate and do the right thing and that's just what they are doing here and you don't expect anyone to do something like that for Free. Even if 10% of the Money they collect go into their own Pockets that will be fine with me knowing they are out there for a Good Cause and not a bad one.

Answer 4

I want to know who decided the $PLC has been granted special powers and they are acting as agents from above they the $PLC knows all and sees all. I have have yet to see the $PLC list any Mexican gangs as hate groups.Like MS-13 is not considered a hate group but while $PLC is overlooking the Mexican gangs they do find time out of their busy day declare Lou Dobbs a hate group , but not any Mexico drug cartels or human smugglers bringing in illegals from Mexico to American even though they kidnap,torture their cargo still the $PLC does not include any of those groups as hate groups.But by their actions they are equal or more dangerous than the KKK but $PLC want list them a-tall but does find time to list KKK and others. The $PLC its all about the money when you look at how one sided the $PLC is.

Answer 5

Hmmm! and your source is VDARE? Please share another groups that is not tied to racist organizations, and then maybe we can believe it.



http://www.adl.org/special_reports/Patrick_Buchanan2/extremists.asp

ABOUT YOUR DISTURBING SOURCE VDARE:



Marcus Epstein, who writes for the racist VDare Web site, serves as both TAC's executive director and YWC's vice president. The group has sponsored lectures by Tom Tancredo, a former Congressman and Presidential candidate who has repeatedly demonized immigrants and maintained affiliations with the border vigilante Minuteman movement. During a February lecture at American University that YWC organized, Tancredo suggested that “throughout history, people who are not white Anglo-Saxon have become American by adopting a white Anglo-Saxon culture.”



http://www.adl.org/learn/ext_us/LOAP/affiliations.asp?LEARN_Cat=Extremism&LEARN_SubCat=Extremism_in_America&xpicked=3&item=LOAP

League of American Patriots (LOAP)



The LOAP Web site links to a variety of racist, anti-Semitic, and anti-immigrant Web sites. They include



The National Policy Institute (NPI), a racist, self-styled think tank. LOAP has cited NPI in one of its leaflets.



American Free Press, an anti-Semitic, conspiracy-oriented newspaper. Its publisher, Willis Carto, has been one of the most influential American anti-Semitic propagandists of the past 50 years.



American Renaissance, a racist journal. The racist New Century Foundation publishes the journal and convenes biennial conferences that bring together racist figures from around the globe. LOAP has described these conferences as an “important means of educating and bringing new people to our cause.”



**VDare***, a Web site that features and archives the work of racists, anti-Semites, and anti-immigrant figures.



The Federation for American Immigration Reform, the largest anti-immigrant group in the United States. FAIR has a history of founding anti-immigrant groups that demonize Latinos.



The Minuteman Project, a border vigilante group that stages armed patrols of the Mexican-American border. The Minutemen constitute some of the most extreme elements of the anti-immigrant movement.

Answer 6

They are now so hated they have armed guards. Just another commie group like the ACLU.