(Daily Wire)—A leftwing group dedicated to dismantling “structural racism” in finance has raked in millions of dollars in federal grants. But now its federal funding and non-profit status could be in jeopardy, as the group discriminates against white internship applicants in violation of President Donald Trump’s executive order.
The North Carolina-based Croatan Institute touts its allegiance to the diversity, equity, and inclusion (DEI) agenda on its website, promising to tackle “structural racism in finance” even as it imposed race-based selection criteria on its paid internship program. The program appears to violate President Trump’s executive order barring DEI policies and discrimination among federal grant recipients.
Now, a legal expert tells The Daily Wire that the program jeopardizes the federal funds currently en route to the organization, as well as any future funds that the Croatan Institute might hope to garner.
The Croatan Institute boasts the BLAISE internship program, which stands for “BIPOC Leaders Advancing an Inclusive and Sustainable Economy.” The program seeks to increase the representation of specific demographic groups in the financial industry.
The internship program’s eligibility requirements detail the race-based selection process. “Priority given to students of color or first-generation students from underserved communities,” the site reads. The group attempts to justify its racial preferences by writing that “in the world of finance, there is a dearth of people of color.”
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