AP Exclusive: Black Lives Matter has $42 million in assets
Associated PressNEW YORK — The foundation started by organizers of the Black Lives Matter movement is still worth tens of millions of dollars, after spending more than $37 million on grants, real estate, consultants, and other expenses, according to tax documents filed with the IRS. YahNé Ndgo, an activist and former organizer with the BLM chapter in Philadelphia, said Cullors reneged on a promise to hand over control of the foundation’s resources to grassroots organizers. The foundation also paid nearly $140,000 in severance to a former managing director who had been at odds with local BLM chapter organizers, prior to Cullors’s tenure as director. “It’s intended for people to start to doubt and create their own new echo chamber of criticizing who deserves to receive resources.” ___ BLM GRANTS $26 MILLION TO CHAPTERS AND FAMILIES The foundation’s tax filing rebuts claims that the BLM foundation ignored the larger movement. Jacari Harris, executive director of the George Floyd Memorial Foundation, said in a statement the organization was “incredibly grateful” for the grant, “the largest one-time contribution we have received to date within the U.S.” Harris said the funds will help provide college scholarships, mental health support to the Black community and educate “about the dangers of police brutality around the world.” The Michael O.D.
History of this topic
BLM files bombshell lawsuit against progressive non-profit that's funding anti-Israel campus protests over claim it withheld $33M of donations
Daily MailFraud lawsuit against Black Lives Matter foundation dismissed in California
Associated Press
New Black Lives Matter tax documents show foundation is tightening its belt, has $30M in assets
Associated Press
Black Lives Matter leader is accused of pilfering $10M from the organization
Daily Mail
BLM co-founder claims her mistakes with $90M in 'white guilt money' are being weaponized against her
Daily Mail
AP Exclusive: Black Lives Matter has $42 million in assets
Associated Press
AP Exclusive: Black Lives Matter has $42 million in assets
The Independent
Head of NYC's BLM chapter calls for probe into co-founder after she purchased expensive homes
Daily Mail
AP Exclusive: Black Lives Matter opens up about its finances
Associated Press
Exclusive: Black Lives Matter opens up about its finances
LA Times
Black Lives Matter network establishes $12M grant fund
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