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Published 11 months ago

BLM paid execs millions despite being nearly $9M in the red: tax documents

  • The Black Lives Matter Global Network Foundation Inc raised just over $9 million in its last fiscal year, significantly less than the $79 million in revenue reported in the previous tax filing.
  • The foundation spent more money than it earned in its last fiscal year and cut operating expenses by nearly 55% as the racial justice fundraising environment returned to norms.
  • The foundation continued its business relationship with security contractor Paul Cullors, the brother of BLM co-founder Patrisse Cullors, who resigned as foundation director in 2021 amidst accusations of misusing BLM donations.
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The IndependentThe Independent

New Black Lives Matter tax documents show foundation is tightening its belt, has $30M in assets

A national Black Lives Matter nonprofit, whose philanthropic fortunes grew almost overnight during historic racial justice protests three years ago, raised just over $9 million in its last fiscal year, new IRS tax filings show

11 months ago·London, United Kingdom
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Associated Press NewsAssociated Press News

New Black Lives Matter tax documents show foundation is tightening its belt, has $30M in assets

A national Black Lives Matter nonprofit, whose philanthropic fortunes grew almost overnight during historic racial justice protests three years ago, raised just over $9 million in its last fiscal year,

11 months ago·United States
Read Full Article
Washington TimesWashington Times

Black Lives Matter foundation tightening its belt, has $30 million in assets, tax documents show

A national Black Lives Matter nonprofit, whose philanthropic fortunes grew almost overnight during historic racial justice protests three years ago, raised just over $9 million in its last fiscal year, new IRS tax filings show.

11 months ago·United States
Read Full Article
KIFIKIFI

New Black Lives Matter tax documents show foundation is tightening its belt, has $30M in assets

By AARON MORRISON AP National Writer NEW YORK (AP) — A national Black Lives Matter nonprofit, whose philanthropic fortunes grew almost overnight during historic racial justice protests three years ago, raised just over $9 million in its last fiscal year, new IRS tax filings show. That’s significantly less than the $79 million in revenue reported in a previous tax filing of Black Lives Matter Global Network Foundation Inc, which the nonprofit say…

11 months ago·Idaho Falls, United States
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New York PostNew York Post

BLM recorded $9M deficit in 2022 — but still paid millions to execs: tax docs

Black Lives Matter ended last year on a nearly $9 million deficit -- while still paying out millions to organizers as well as relatives of controversial co-founder Patrisse Cullors.

11 months ago·New York, United States
Read Full Article
National PostNational Post

New Black Lives Matter tax documents show foundation is tightening its belt, has $30M in assets

NEW YORK (AP) — A national Black Lives Matter nonprofit, whose philanthropic fortunes grew almost overnight during historic racial justice protests three years…

11 months ago·Canada
Read Full Article
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