Black Lives Matter Foundation Going Broke After Raising $90 Million | Eastern North Carolina Now

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.

ENCNow
    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.

poll#164
It has been far too many years since the Woke theology interlaced its canons within the fabric of the Indoctrination Realm, so it is nigh time to ask: Does this Representative Republic continue, as a functioning society of a self-governed people, by contending with the unusual, self absorbed dictates of the Woke, and their vast array of Victimhood scenarios?
  Yes, the Religion of Woke must continue; there are so many groups of underprivileged, underserved, a direct result of unrelenting Inequity; they deserve everything.
  No; the Woke fools must be toppled from their self-anointed pedestal; a functioning society of a good Constitutional people cannot withstand this level of "existential" favoritism as it exists now.
  I just observe; with this thoughtful observation: What will happen "when the Vikings are breeching our walls;" how do the Woke react?
845 total vote(s)     What's your Opinion?


poll#175
Understanding that this fragile Republic of the self-governed is in a precarious space in our nation's vast history: What is your honor bound patriotic duty in helping to sustain the continuance of these United States of America?
  I will depend on my Democratic Socialist politicians to continue to march hard toward the Left to provide Diversity, Equity and Inclusion for all who think and do as they are told.
  I will defend the Constitution of the United States of America, and support all elected leaders who pledge to protect and insure the continued sovereignty of this Representative Republic.
  I am very concerned about maintaining my current life style without working. I was told that as long as I vote Democrat, I had nothing to worry about ... but now I worry.
296 total vote(s)     What's your Opinion?

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Comments

Big Bob said:
( June 10th, 2023 @ 12:48 am )
 
Sure, rising above ones circumstance is admirable, but my point is that it's not racist to understand we all experience the world differently and that our heritage, and culture play a big role. The trick is understanding no one perspective is better than another, it's just different. To do so is not racist but in fact the antithesis of racism because it allows us to connect with the things we have in common as apposed to our differences.
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.
( June 9th, 2023 @ 9:02 pm )
 
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.
Big Bob said:
( June 9th, 2023 @ 5:14 pm )
 
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.
( June 9th, 2023 @ 8:30 pm )
 
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.
( June 9th, 2023 @ 4:30 pm )
 
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.
Big Bob said:
( June 9th, 2023 @ 2:57 pm )
 
Racism is part of the human condition. A sad but true fact.
( June 9th, 2023 @ 2:39 pm )
 
Big Bob: Are you a racist?
Big Bob said:
( June 9th, 2023 @ 1:44 pm )
 
Said the white man.
( June 9th, 2023 @ 1:34 pm )
 
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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