en.wikipedia.org/wiki/Southern_Poverty_Law_Center
2 corrections found
its endowment was $749 million
Official SPLC financial statements put the 2023 endowment around $662 million, not $749 million.
Full reasoning
The SPLC’s own audited financial statements do not support a 2023 endowment of $749 million. In the 2024 audited statements, the note on endowments lists "Endowment net assets November 1, 2023" as $662,380,450, which is the carryover from the end of fiscal year 2023. Separately, the 2023 audited statements describe the board-designated endowment at $658,137,795. Either way, the official figure is far below $749 million.
2 sources
- Southern Poverty Law Center, Inc. – 2024 SPLC Audited Financial Statements
Endowment net assets November 1, 2023 ... 662,380,450 ... Endowment net assets October 31, 2024 ... 738,361,273.
- Consolidated Financial Statements - Southern Poverty Law Center and SPLC Action Fund
The Board-designated endowment of $658,137,795 is subject to an annual spending rate as described in Note 11.
the group's endowment grew to $822 million.
Official SPLC documents put the 2024 endowment at about $732–738 million, not $822 million.
Full reasoning
The SPLC’s official financial documents contradict the $822 million figure. Its 2024 audited financial statements list total endowment funds at $738,361,273 as of October 31, 2024. The SPLC’s financial-information page likewise says that at the end of the fiscal year the endowment "stood at $731.9 million." Those official figures are tens of millions lower than $822 million.
2 sources
- Southern Poverty Law Center, Inc. – 2024 SPLC Audited Financial Statements
Endowment net asset composition by type of fund consists of the following: October 31, 2024 ... Total endowment funds 738,361,273.
- Financial Information | Southern Poverty Law Center
At the end of the fiscal year, the SPLC’s endowment — composed primarily of board-designated funds to support future work — stood at $731.9 million.