BLM has $60m on hand but unclear who controls it: report

With $60 million in hand, the Black Lives Matter Global Network Foundation’s coffers are overflowing – but it’s unclear who controls all that money, according to a report.

The organization’s executive director resigned just months after the nonprofit said it had raised more than $90 million, and in the year since there has been no one. on the stand, according to a Washington Examiner investigation.

“Black Lives Matter” has become a rallying cry following several high-profile killings of black Americans at the hands of police. In 2015, a network of chapters was formed, as support and donations poured in. But critics say the BLM Global Network Foundation has increasingly moved away from a black organizing network and into a philanthropic and political organization run without democratic input.

Patrisse Cullors has resigned as head of the BLMGNF after The Post reported she was going on a real estate shopping spree.
Getty Images for Teen Vogue
BLM protest
It is unclear who is in charge of the BLMGNF funds, and no one has succeeded Patrisse Cullors as head of the organization.
Anadolu Agency via Getty Images

BLMGNF has raised more than $90 million in 2020 alone, according to a February 2021 financial report released by the nonprofit. After tallying up expenses and grant disbursements, the organization said it had $60 million.

At the time, BLM said it planned to focus on economic justice in the coming year, particularly as it relates to the impact of the pandemic on black communities, as well as developing a endowment to sustain the organization over the long term.

“One of our biggest goals this year is to take the dollars we were able to raise in 2020 and build the institution we’ve been trying to build for seven and a half years,” said then-director Patrisse Kahn-Cullors. executive of the BLMGNF. told The Associated Press last year.

Shortly after, The Post reported that Kahn-Cullors had gone on a real estate buying spree.

At the time, a BLMGNF spokesperson said Kahn-Cullors’ compensation for his several years with the organization was $120,000.

Makani Themba
Makani Themba was chosen by Patrisse Cullors to succeed him as head of the BLMGNF along with another activist, but declined the position due to disagreements with the organisation.
Twitter/@Makani_Themba

The organization “cannot and has not committed organizational resources for the purchase of personal property by any employee or volunteer. Any insinuation or assertion to the contrary is categorically false,” the spokesperson said.

A month later, Kahn-Cullors announced that she was leaving the leadership of the organization and handing over to two other activists, Makani Themba and Monifa Bandele.

Both told the Washington Examiner that they never took the job. Themba cited disagreements with the organization in a September Twitter post.

“We never started in that position, so we never got detailed information,” Themba told the Examiner.

The leadership of the organization remains a question mark.

BLMGNF is incorporated in the state of Delaware and was granted nonprofit status in December 2020, according to public records.

Publicly available tax returns for the band list Kailee Scales as keeper of the books for BLMGNF. She could not be reached immediately by The Post at the number given in the documents.

The Examiner reported that he went to the Los Angeles address listed on those same tax forms and was told by a security guard that BLM had never had an office there.

Co-founded by Kahn-Cullors and Scales, among others, BLMGNF is just one of many organizations that use “BLM” or “Black Lives Matter” in their names.

Among its stated goals, the organization distributes grants to so-called “chapter” organizations – in 2020, BLMGNF said it distributed more than $21 million to local nonprofits aligned with the Black Lives Matter movement.

BLMGNF did not immediately respond to requests for comment on its leadership or the reviewer’s report.

With pole wires

James V. Hayes