Diversity Programs Supported by SVB Wrongly Labeled as Donations to BLM
Quick Take
A database that claims to show corporate contributions to the “BLM Movement & Related Causes” doesn’t show any contributions from Silicon Valley Bank to Black Lives Matter. But some conservative commentators are citing it to falsely claim that the bank gave more than $73 million to the organization.
Full Story
The failure of Silicon Valley Bank has drawn commentary from across the political spectrum. But some conservatives have highlighted a false claim connecting the bank to Black Lives Matter.
Shortly after federal regulators took control of SVB’s assets on March 10, making it the second-largest bank failure since at least 2001, some conservative commentators began claiming that it had donated millions to BLM, the social justice organization that began after the vigilante murder of unarmed teenager Trayvon Martin in Florida in 2013 and gained widespread attention after the police killing of George Floyd in 2020.
Fox News commentator Tucker Carlson, for example, on March 14, “Silicon Valley Bank — brace yourself — spent more than $73 million on donations to BLM and related organizations. Wow. And this is not personal funds, apparently these were bank funds. Might be
