Kellogg Foundation Provided Nearly $1 Million to Support Black Lives Matter
DANIEL LEAL-OLIVAS/AFP/Getty
by AARON KLEIN1 Dec 20162,028
The W.K. Kellogg Foundation, which maintains strong financial ties to the Kellogg Company, has provided at least $930,000 in support of the controversial work of the Black Lives Matter organization.
The financing is listed on the Foundation’s website. It includes a June 1, 2016 grant to the International Development Exchange, which is in a contractual relationship with Black Lives Matter to process donations for the group.
The Associated Press reported the International Development Exchange, also known as IDEX, “has been acting as a mostly unseen financial arm of Black Lives Matter, with the ability to receive grants and tax-deductible donations on the group’s behalf.”
“More recently, the relationship evolved into a contractual partnership that will run through at least mid-2017,” the AP reported.
The foundation’s website relates some of the strong ties between the charity and the company, both of which are based in Battle Creek, Michigan:
The foundation receives its income primarily from the W.K. Kellogg Foundation Trust, which was set up by Mr. Kellogg. In addition to its diversified portfolio, the trust continues to own substantial equity in the Kellogg Company. While the company and the foundation have enjoyed a long-standing relationship, the foundation is governed by its own independent board of trustees. The foundation receives its income primarily from the trust’s investments.
DANIEL LEAL-OLIVAS/AFP/Getty
by AARON KLEIN1 Dec 20162,028
The W.K. Kellogg Foundation, which maintains strong financial ties to the Kellogg Company, has provided at least $930,000 in support of the controversial work of the Black Lives Matter organization.
The financing is listed on the Foundation’s website. It includes a June 1, 2016 grant to the International Development Exchange, which is in a contractual relationship with Black Lives Matter to process donations for the group.
The Associated Press reported the International Development Exchange, also known as IDEX, “has been acting as a mostly unseen financial arm of Black Lives Matter, with the ability to receive grants and tax-deductible donations on the group’s behalf.”
“More recently, the relationship evolved into a contractual partnership that will run through at least mid-2017,” the AP reported.
The foundation’s website relates some of the strong ties between the charity and the company, both of which are based in Battle Creek, Michigan:
The foundation receives its income primarily from the W.K. Kellogg Foundation Trust, which was set up by Mr. Kellogg. In addition to its diversified portfolio, the trust continues to own substantial equity in the Kellogg Company. While the company and the foundation have enjoyed a long-standing relationship, the foundation is governed by its own independent board of trustees. The foundation receives its income primarily from the trust’s investments.
