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Only 33% of BLM’s $90M in donations helped charitable foundations
mystery-ak:
Only 33% of BLM’s $90M in donations helped charitable foundations
By Isabel Vincent
May 27, 2023 7:34am
Black Lives Matter’s national organization doled out just over $30 million — 33% of the nearly $90 million it received in public donations from 2020 to 2022 — to charitable foundations, public filings show.
Black Lives Matter Global Network Foundation, an Oakland, California-based non-profit, gave away the $30,498,722 in grants to black, trans and anti-police non-profits in the fiscal years for 2020 and 2021, according to two federal filings which cover the periods from July 1 2020 to June 30, 2022.
That total includes the $4.5 million the group doled out last year to non-profits run by the movement’s own supporters and friends — even as BLMGNF registered losses of more than $8.5 million last year, its latest public filings for the fiscal year 2021 show.
The group also gave a grant to one of its harshest former critics, paying out $400,000 to the Tamir Rice Foundation.
BLMGNF handed out millions of dollars to supporters of its co-founder Patrisse Cullors, who resigned from the group in 2021. The Post revealed Friday that her lucrative TV deal with Warner Bros. had ended without producing any shows.
more
https://nypost.com/2023/05/27/only-33-of-blms-90m-in-donations-helped-charity-foundations/
Kamaji:
That much?
GtHawk:
Black Lives Matter’s national organization doled out just over $30 million — 33% of the nearly $90 million it received in public donations from 2020 to 2022 — to charitable foundations, public filings show.
:pondering: Is all the money the money Big corporations gave considered public donations because I can't believe a number as low as $90 million.
That total includes the $4.5 million the group doled out last year to non-profits run by the movement’s own supporters and friends — even as BLMGNF registered losses of more than $8.5 million last year, its latest public filings for the fiscal year 2021 show.
Not surprising, but this is only the number on the books, I believe there is quite a bit of money unaccounted for.
Kamaji:
--- Quote from: GtHawk on May 27, 2023, 04:03:03 pm ---Black Lives Matter’s national organization doled out just over $30 million — 33% of the nearly $90 million it received in public donations from 2020 to 2022 — to charitable foundations, public filings show.
:pondering: Is all the money the money Big corporations gave considered public donations because I can't believe a number as low as $90 million.
That total includes the $4.5 million the group doled out last year to non-profits run by the movement’s own supporters and friends — even as BLMGNF registered losses of more than $8.5 million last year, its latest public filings for the fiscal year 2021 show.
Not surprising, but this is only the number on the books, I believe there is quite a bit of money unaccounted for.
--- End quote ---
Pretty sure the corporate donations count as "public" donations.
Hoodat:
--- Quote from: mystery-ak on May 27, 2023, 02:54:09 pm ---Black Lives Matter Global Network Foundation, an Oakland, California-based non-profit, gave away the $30,498,722 in grants to black, trans and anti-police non-profits in the fiscal years for 2020 and 2021, according to two federal filings which cover the periods from July 1 2020 to June 30, 2022.
That total includes the $4.5 million the group doled out last year to non-profits run by the movement’s own supporters and friends
--- End quote ---
Non-profits run by supporters and friends should not be defined as 'charitable'. Once you cut all of those out, you would be lucky to see 2% of that $90 million going to charity.
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