Black Activists Distance Themselves From Black Lives Matter Amid Financial Collapse
Grassroots chapters slam the charity following a Free Beacon report on BLM's fundraising troubles
Andrew Kerr
May 25, 2023
Black activists are distancing themselves from Black Lives Matter following a Washington Free Beacon report that the group is on the fast track to financial insolvency.
A coalition of 26 local Black Lives Matter chapters once closely allied with the national group slammed the charity in a Tuesday statement, which laid the blame for the group's demise on cofounder Patrisse Cullors. Cullors, a self-proclaimed "trained Marxist," has come under fire following revelations last year that Black Lives Matter used its charitable largesse to enrich her family and friends.
"The plummeting of donations to [Black Lives Matter] is further evidence that donors want to fund the work, not high-priced consultants," the coalition, Black Lives Matter Grassroots, said in the statement, adding that it is now "engaged in a fight for the soul of Black Lives Matter."
Tax documents obtained by the Free Beacon show that Black Lives Matter Global Network Foundation, the national arm of the movement, blew through two-thirds of the $90 million the group raised following George Floyd's death in the summer of 2020 and suffered a massive drop in donations in its 2022 fiscal year.
Black Lives Matter during the tax year ending June 2022 spent more than $10.5 million on high-priced contractors, many of whom share close ties with Cullors. Two companies run by her brother, Paul Cullors, in 2022 raked in $1.6 million providing "professional security services" for Black Lives Matter. He also collected a $126,000 salary working as "head of security" for the embattled charity, a job that entailed protecting the swanky $6 million Los Angeles mansion the charity secretly purchased with donor cash in 2021.
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https://freebeacon.com/democrats/black-activists-distance-themselves-from-black-lives-matter-amid-financial-collapse/
