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. In a new, 63-page Form 990 shared exclusively with The Associated Press, the Black Lives Matter Global Network Foundation Inc. reports that it invested $32 million in stocks from the $90 million it received as donations amid racial justice protests in 2020. For example, the tax filing shows the foundation paid nearly $970,000 to Trap Heals LLC, a company founded by Damon Turner, who fathered a child with Cullors; and $840,000 to Cullors Protection LLC, a security firm run by Paul Cullors, Patrisse’s brother. Bowers Consulting provided much of the foundation’s operational support, including staffing, fundraising and other key services and was paid more than $2.1 million, according to the tax filing.
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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