Statements from Tides and Black Lives Matter Global Network Foundation (BLM GNF) on Civil Litigation Dismissal

Tides’ Statement on Black Lives Matter Global Network Foundation Civil Litigation Dismissal

Tides has consistently and unequivocally maintained that the allegations made by the Black Lives Matter Global Network Foundation (BLM GNF) were wholly unfounded. BLM GNF’s voluntary decision to dismiss its lawsuit and fully retract all claims is a decisive and validating development—one that helps correct the public record and dispel misinformation.

This outcome affirms what has been true from the start: Tides acted with integrity, transparency, and in full alignment with our values.

As a philanthropic institution committed to shifting power to communities historically denied it, Tides remains unwavering in our dedication to racial justice. We will continue to advance equity and justice in deep partnership with leaders and movements working to build a more inclusive, liberated future for all.

Black Lives Matter Global Network Foundation’s Statement on Civil Litigation Dismissal

In 2024, Black Lives Matter Global Network Foundation, Inc. (“BLM GNF”) initiated a civil action in the Los Angeles County Superior Court against Tides Foundation and Tides Center, alleging breach of contract, fraud, financial mismanagement, and intentional wrongdoing.

Following discussion and discovery, BLM GNF has voluntarily dismissed its lawsuit against Tides Center and Tides Foundation.

Furthermore, BLM GNF retracts all claims and allegations, including, specifically, of fraud, breach of contract, and financial mismanagement against Tides, and acknowledges that Tides did not engage in any wrongdoing with respect to BLM GNF or any other matters raised in the litigation.