In 2015, a network of chapters was formed, as support and donations poured in. funding dollars from corporations, foundations, public charities and high-net-worth individuals to address COVID-19 was explicitly designated for communities of color.Īfter the 2013 acquittal of George Zimmerman, the neighborhood watch volunteer who killed 17-year-old Trayvon Martin in Florida, BLM’s founders pledged to build a decentralized movement governed by consensus of a members’ collective. According to an upcoming report by Candid and the Center for Disaster Philanthropy, 35% of the $20.2 billion in U.S. The racial justice movement had a broad impact on philanthropic giving last year. One of its focuses for 2021 will be economic justice, particularly as it relates to the ongoing socioeconomic impact of COVID-19 on Black communities. Last year, the foundation’s expenses were approximately $8.4 million - that includes staffing, operating and administrative costs, along with activities such as civic engagement, rapid response and crisis intervention. The report does not state who gave the money in 2020, and leaders declined to name prominent donors. More than 10% of the donations were recurring. ![]() In its report, the BLM foundation said individual donations via its main fundraising platform averaged $30.76. ![]() It ended 2020 with a balance of more than $60 million, after spending nearly a quarter of its assets on the grant funds and other charitable giving. The foundation said it committed $21.7 million in grant funding to official and unofficial BLM chapters, as well as 30 Black-led local organizations. That growth also caused longstanding tensions to boil over between some of the movement’s grassroots organizers and national leaders - the former went public last fall with grievances about financial transparency, decision-making and accountability. The foundation’s coffers and influence grew immensely following the May 2020 death of George Floyd, a Black man whose last breaths under the knee of a white Minneapolis police officer sparked protests across the U.S. And the more the cause is deemed beyond questioning, the faster the scammers move in.This marks the first time in the movement’s nearly eight-year history that BLM leaders have revealed a detailed look at their finances. In the end, Black Lives Matter is turning into an oft-told tale: Big piles of cash wrapped in moral fervor invite corruption. Vast giving by deep-pocketed donors linked to Facebook, Twitter and Netflix - as well as by corporations rushing to show the “right” political consciousness - may have funded rank peculation by those entrusted with the funds. Meanwhile, she’s been on a personal real estate buying spree, while BLM funds transferred to a Canadian nonprofit run by her spouse have gone for other dubious purchases. It has no official leader overseeing its $60 million war chest after its co-founder resigned in May.Īnd that co-founder, Patrisse Cullors-Khan, is tied to several other fundraising organizations whose finances raise “potential red flags,” New York magazine reports. The outfit has failed to file taxes for 2020, the year it raised tens of millions after George Floyd’s death at police hands and the rioting and protests that followed. It’s not just Indiana: The states of Connecticut, Maine, Maryland, New Jersey, New Mexico, North Carolina and Virginia have all revoked BLMNGF’s charitable registration, while California and Washington are threatening to hold the nonprofit’s officers personally liable for its lack of financial transparency. Indeed, “this happens eventually with nearly every scam, scheme or illegal enterprise.” “It appears that the house of cards may be falling,” says Indiana Attorney General Todd Rokita of the Black Lives Matter Global Network Foundation, the legal entity that snarfs up most cash donated to the BLM movement. ![]() Revised AP African American Studies curriculum delivers course students deserve How Black Lives Matter is indoctrinating your kids - and what you can do about it ‘Defund police’ backer, ‘Squad’ member Cori Bush marries her security guard Black children attack, force white kids to say ‘Black Lives Matter’ at Ohio school: video
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