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Black Lives Matter Foundation Going Broke After Raising $90 Million
Publisher's Note: This post appears here courtesy of the The Daily Wire. The author of this post is Hank Berrien.
The Black Lives Matter's Global Network Foundation, which has reportedly paid some of its official and unofficial chapters millions of dollars, appears to be risking bankruptcy.
The foundation ran $8.5 million in arrears last year, while donations plunged 88% between 2021 and 2022, The Washington Free Beacon reported. Co-founder Patrisse Cullors resigned from the organization in 2021 after she was accused of using BLM's funds for her personal use, a charge she has denied.
The New York Post reported, "As protests broke out across the country in the name of Black Lives Matter, the group's co-founder went on a real estate buying binge, snagging four high-end homes for $3.2 million in the U.S. alone, according to property records."
Cullors' relatives have been on the company's payroll including her brother Paul who had owned two companies that BLM paid $1.6 million in order to provide "professional security services" in 2022. Paul received a $126,000 salary as "head of security" in 2022 while company's linked to Damon Turner, the father of Cullors' child, received roughly $970,000 in 2021.
"While Patrisse Cullors was forced to resign due to charges of using BLM's funds for her personal use, it looks like she's still keeping it all in the family," Paul Kamenar of the National Legal and Policy Center watchdog group told the Free Beacon.
In May 2022, news broke that Black Lives Matter paid out over $12 million for properties in Toronto and Los Angeles. The funds for a $6.3 million 10,000-square-foot property in Toronto came from an "out of country grant" meant for "activities to educate and support black communities, and to purchase and renovate property for charitable use," according to BLMGNF's federal tax filing for fiscal year 2020.
"No one expected the foundation to grow at this pace and to this scale," said Cicley Gay, chair of the board of directors of BLMGNF, in May 2022. "Now, we are taking time to build efficient infrastructure to run the largest black, abolitionist, philanthropic organization to ever exist in the United States."
"As a new board, we are building policies that didn't exist, operational and administrative infrastructure that didn't exist," board member Shalomyah Bowers echoed. "We're making it clear to black people that we're an institution and that we're here to stay. In order to do that, we need to demonstrate that our financial house is in order."
In 2021, the foundation said it raised $90 million in 2020.
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The Black Lives Matter's Global Network Foundation, which has reportedly paid some of its official and unofficial chapters millions of dollars, appears to be risking bankruptcy.
The foundation ran $8.5 million in arrears last year, while donations plunged 88% between 2021 and 2022, The Washington Free Beacon reported. Co-founder Patrisse Cullors resigned from the organization in 2021 after she was accused of using BLM's funds for her personal use, a charge she has denied.
The New York Post reported, "As protests broke out across the country in the name of Black Lives Matter, the group's co-founder went on a real estate buying binge, snagging four high-end homes for $3.2 million in the U.S. alone, according to property records."
Cullors' relatives have been on the company's payroll including her brother Paul who had owned two companies that BLM paid $1.6 million in order to provide "professional security services" in 2022. Paul received a $126,000 salary as "head of security" in 2022 while company's linked to Damon Turner, the father of Cullors' child, received roughly $970,000 in 2021.
"While Patrisse Cullors was forced to resign due to charges of using BLM's funds for her personal use, it looks like she's still keeping it all in the family," Paul Kamenar of the National Legal and Policy Center watchdog group told the Free Beacon.
In May 2022, news broke that Black Lives Matter paid out over $12 million for properties in Toronto and Los Angeles. The funds for a $6.3 million 10,000-square-foot property in Toronto came from an "out of country grant" meant for "activities to educate and support black communities, and to purchase and renovate property for charitable use," according to BLMGNF's federal tax filing for fiscal year 2020.
"No one expected the foundation to grow at this pace and to this scale," said Cicley Gay, chair of the board of directors of BLMGNF, in May 2022. "Now, we are taking time to build efficient infrastructure to run the largest black, abolitionist, philanthropic organization to ever exist in the United States."
"As a new board, we are building policies that didn't exist, operational and administrative infrastructure that didn't exist," board member Shalomyah Bowers echoed. "We're making it clear to black people that we're an institution and that we're here to stay. In order to do that, we need to demonstrate that our financial house is in order."
In 2021, the foundation said it raised $90 million in 2020.
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I get that, but people must rise above whatever their background begins them, or they will be left in the dust as the World will become more naturally competitive.
That is just the real of it going forward, I see it plain as a sunlit day, and talking about this label, and that label as cover for anything, for any reason just ain't gonna cut it. |
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Stan, how we view and experience the world is influenced by many factors. As white men, we share a common experience. Not the same experience, but a common one. Others have their own experience. My point, neither you nor I am qualified to make assumptions or pass judgment with a broad stroke of the pen on the experience of others. I'm always suspect when white men start telling women or African-Americans (or anybody else) how it is or how it should be.
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BLM is more a Marxist organization than a race-based organization. Those letters should stand for Bolsheviks Leninists and Maoists. One of the three co-founders of BLM is on video saying that she and another BLM co-founder are "trained Marxists". The third co-founder, who also has lots of Marxist connections is apparently just a plain Marxist without the training.
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Well Big Bob: I just know you look at so much in terms of Race, as if you are consumed by the complexion of individuals rather than the content of their humanity.
I am more concerned about the content of the humanity of those narcissistic fools, like the faddishly shallow and corrupt Black Lives Matter; individual mooches who cared NOT about Black Lives, or any others' lives for that matter, while enriching themselves at their corrupt trough. |
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Racism is part of the human condition. A sad but true fact.
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Big Bob: Are you a racist?
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Said the white man.
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For all the fools that celebrated Black Lives Matter as the "Equity" equalizers of our day, these Racist Scam Artists - BLM - have led you down a very dark, dull path to a total ignorance of the times we live.
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You and I see things very differently and it would be easy for me to dismiss you, but if I allow myself to to understand your experience I can say you care about our shared future. You express it in ways I dont understand but the act of caring is significant and something I can respect.