blm $90 million dollars stolen

BLM revealed last February it raked in $90 million in 2020 from big corporations and individual donors after the police killing of George Floyd and the nationwide riots that followed. 'I've thought about this a lot because for the request to have BLM be fully transparent actually makes BLM more vulnerable and makes the people who are inside BLM more vulnerable. This story has been shared 100,906 times. Controversy surrounding the organization's finances has elicited probes by at least two state attorneys general. All Black activists know the fear these malicious and serious actions are meant to instill: the fear of being silenced, the trauma of being targeted, the torture of feeling ones family is exposed to danger just for speaking out against unjust systems. You've successfully subscribed to this newsletter! The foundation ended its last fiscal year - from July 1, 2020 to June 30, 2021 - with nearly $42 million in net assets. The donations exploded following the May 2020 death of George Floyd, whose death under the knee of a white Minneapolis police officer sparked protests across the US and around the world, the foundation said. 2023 Vox Media, LLC. The distinction meant the group would have to disclose information about donors and expenditures in an annual filing known as a 990. The group's lobbying budget for last year accounted for 3.4 percent of the$37 million it spent last year, with the bulk of the funds splashed out on grants, real estate, consultants, and other expenses. Two weeks later, a man named Dyane Pascall purchased the seven-bedroom house that would become known as Campus. 2023 FOX News Network, LLC. But it was the 2014 death of Michael Brown at the hands of police in Ferguson, Missouri, that made the slogan 'Black lives matter' a rallying cry for progressives and a favorite target of derision for conservatives. Kara Swisher talks with the Council on Foreign Relations president about Bidens spy-balloon-size missed opportunity. I'm gonna leave. But let me be crystal clear, there was no conflict of interest.'. Now, we are taking time to build efficient infrastructure to run the largest Black, abolitionist, philanthropic organization to ever exist in the United States.. Republicans are making their 2024 candidates promise to support eventual nominee. The group also lobbied in favor of the more sweeping BREATHE Act, which would abolish the Drug Enforcement Agency and end life sentences, the filings show. While tax-exempt non-profits like the BLMGNF are not prohibited from some lobbying, IRS rules prohibit them from devoting a 'substantial' part of their activities to influencing legislation. It was bought with donations made to the Black Lives Matter Global . 'Presenting (donor) names after the fact, at this point, would likely be a betrayal of that trust. Why arent you spending it on policy or, you know, other strategies that an organization might take to address the core issues around Black Lives Matter?. Bowers, whose firm received the lion's share of money spent on consultants in the last fiscal year, hit back at the allegations that the foundation has a conflict of interest and said the last BLM board approved the contract with his firm when he was not a board member. Ms. Black Lives Matter Grassroots (BLMGR), a nonprofit that serves as the umbrella group for local BLM chapters nationwide, claimed in the lawsuit filed in Los Angeles County Superior Court that Shalomyah Bowers, the leader of Black Lives Matter Global Network Foundation (BLMGNF), defrauded the local chapters for "unjust enrichment" and used their funds as his "personal piggy bank.". ', Cullors continued: 'I thought I was doing a service. The transaction has not been previously reported, and Black Lives Matters leadership had hoped to keep the houses existence a secret. The group had said it was planning to use the property as main headquarters in Canada, and it has now been named the Wilseed Center for Arts and Activism. The Studio City property, which includes a home with six bedrooms and bathrooms, a swimming pool, a soundstage and office space, was intended as a campus for a black artists fellowship and is currently used for that purpose, the board member said. Black Lives Matter has come under a fiscal microscope since 2020, when the group received $90 million in donations amid protests following the murder of George Floyd by police in Minnesota. We are an institution, the foundation boasted. 'Transparency and accountability is so important to us, but so is trust,' said Gay, the BLM foundation chair. Defense attorney Joshua Ritter on why prosecutors have a tough path to conviction. And that often means lots of mistakes are being made, lots of amazing decisions as well,' Cullors added. House members are seen during the vote, Trump was impeached by the House for a second time on January 13, 2021, a week before his term expired. Khan separated from Cullors in September 2017 and left BLM shortly after.. Market data provided by Factset. The Black Lives Matter Global Network Foundation on Tuesday released a 63-page Form 990, covering the fiscal year from July 1, 2020 to June 30, 2021, at which point the group had $42 million in net assets. BLMGNF raised over $90 million in 2020 alone, according to a February 2021 financial report published by the nonprofit. ', The BLM movement first emerged in 2013. The Black Lives Matter foundation has revealed it received more than $90 million in donations last year despite the movement being splintered by ongoing feuds about the lack of funding. I think theyve attempted to cancel us, but they have not been successful in canceling us, Abdullah said at another point in the conversation. It creates the impression that money donated to the cause of racial justice has been spent in ways that benefit the leaders of Black Lives Matter personally. theGRIOs DeMicia Inman contributed to this report. She serves in this role in a volunteer capacity and does not receive a salary or benefits. Black communities are still in ruin,. Newly released tax filings reveal that BLM paid a company owned by Damon Turner (left), the father of co-founder Patrisse Cullors' (right) child, nearly $970,000 to help 'produce live events' and provide other 'creative services.' Password must be at least 8 characters and contain: As part of your account, youll receive occasional updates and offers from New York, which you can opt out of anytime. Who even makes the decision on who writes the checks?, Ms. Cullors, who stepped down as executive director in May 2021, said in an interview last week with The Associated Press that within the group, they often referred to the experience of the past few years as building the plane while flying it.. In Tennessee, Even Abortion to Save a Womans Life May Be Illegal. The Black Lives Matter Global Network Foundation announced the massive influx of money late Tuesday the very first time BLM has disclosed its finances in its nearly eight-year history. 'Our firm stepped in when Black Lives Matter had no structure and no staff,' he said. Cullors claimed the California compound was intended to be a 'media creation space' for BLM, a campus for a black artists fellowship and a home for activists. 'I should have taken a salary from Black Lives Matter because it would be less confusing for people and I regret that I didn't,' Cullors, 38, explained. My car was stolen from a repair shop then used in a series of break-ins that same night by a guy who was released from prison less than a month prior. Now hes returning to a shell-shocked industry. With $8.4 million in expenses and $21.7 million committed to local chapters, the group ended 2020 with an approximate balance of $60 million, it stated in an impact statement. And in 2020, a tidal wave of contributions in the aftermath of protests over George Floyds murder by Minneapolis police meant the BLM organization needed much more infrastructure. Themba cited disagreements with the organization in a September Twitter post. The jurors have been ordered to visit the scene of the crime before beginning deliberations. He was acquitted in a Senate trial. (Other videos from Cullorss personal YouTube channel also appear to match images of the houses interior shown in real-estate listings.) Cullors has used the mansion twice for personal reasons - once for a Biden inauguration party, and another time for her son's birthday. "While BLM leaders and movement workers were on the street risking their lives, Mr. Bowers remained in his cushy offices devising a scheme of fraud and misrepresentation to break the implied-in-fact contract between donors and BLM. They are slanderous and devoid of reality. We never actually started in the position, so we never received any detailed information, Themba told the Examiner. The foundation had an operating budget of about $4 million, according to a board member. The comments below have not been moderated. Black Lives Matter (BLM) moved millions of dollars to a charity in Canada run by the wife of co-founder Patrisse Khan-Cullors to purchase a mansion that used to be the headquarters of the. BLM's disclosure filing revealed that nearly $26million, or 70 percent of its expenses, were grants to organizations and families in the last fiscal year. Story tips can be sent to jon.brown@fox.com. A majority of the funds were saved, the report said, with $8.4 million spent on operational. In the tragic, whirlwind year of 2020, with racial-justice protests prompted by the killing of Black men and women by police officers, the Black Lives Matter Global Network Foundation raised $90 million, much of it small donations from rank-and-file supporters. We have written this because our many attempts to bring up concerns were met with denial, gaslighting, and a refusal to acknowledge requests for accountability, the organizers said. Both told the Washington Examiner that they never took the job. How prosecutors made one of the hottest rap stars the face of urban crime. Who the fuck are you? BLM is an affirmation & embrace of the resistance & resilience of Black people. After accounting for expenses and grant disbursements, the organization. This story has been shared 102,555 times. Jacob Harold, a nonprofit expert, said he was struck in particular by the number of paid employees listed on the form, which was just two, versus the number of volunteers, which was 49,275. The tax filing lists Cullors as an uncompensated founder and executive director. & restitution for all of the harms from slavery, and for all of the wealth built on stolen . Any insinuation or assertion to the contrary is categorically false, the spokesperson said. Brown: We Love Our Sons & Daughters Foundation, run by Michael Brown Jr.'s mother, Lezley McSpadden, was approved for a larger multi-year grant of $1.4million. The tax form indicated that Ms. Cullors received no compensation during the fiscal year but instead served as an unpaid volunteer. A family member, Paul Cullors, was listed on the tax form as receiving payment for professional security services amounting to $840,993. BLMGNF was awarded tax-exempt status from the IRS in December 2020, two months after the houses purchase. We are entering spaces previously unimaginable., The financial disclosure came amid heightened tensions in the network of activists with group of 10 chapters, called the #BLM10 and including ones in New Jersey and Hudson Valley, splitting in November while publicly ripping the main organization over financial transparency, decision making, and accountability., To the best of our knowledge, most chapters have received little to no financial support from BLMGN since the launch in 2013, the 10-chapters insisted in a public demand for accountability.. Because we're human beings, I'm a human being, and we make mistakes. A month later, Kahn-Cullors announced she wasstepping down from leadershipof the organization and handing the reins over to two other activists, Makani Themba and Monifa Bandele. Cullors, 37, has reportedly purchased four high-end homes for $3.2 million in the U.S. alone, per New York Post, including property in a Topanga Canyon in Los Angeles County for $1.4 million . As a former leader of the BLM movement, Cullors has taken some heat for these visible markers of financial success. You\'ll receive the next newsletter in your inbox. All rights reserved. Farm Heroes Saga, the #4 Game on iTunes. Soon after, The Post reported that Kahn-Cullorswent on a real estate buying binge. Bowers also said in the statement that BLMGNF had always planned to disclose the house in legal filings this May, that it does not serve as anyones personal residence, and that purchasing property via private LLCs is customary in real estate as a way of protecting assets from litigation and liability. BLM reportedly brought in $90 million in donations last year, and questions have emerged about if or how Cullors is paid by the organization and how much she has contributed to charity, per Daily Mail. Here's the team to help you do that.''. ', 'That is the primary reason why the house wasn't shared widely publicly, because we had to make sure there was serious protocols around it, serious security protocols. Im some weeks out now from a lot of the noise, so I have more perspective, right? The only regret I have with B.L.M. For me, the hardest moments have been the right-wing-media machine just leveraging literally all its weight against me, against our movement, against BLM the organization, Cullors said. The Galveston County Daily News via AP. Board members said they are cooperating with civil investigations in Indiana and Ohio, and they have turned over relevant documents to those authorities. Madonna, 64, dumps model boyfriend to hook up with ripped 29-year-old BOXER Josh Popper - who trains her son at his NYC gym and starred in Bravo's Summer House, Biden reveals he will RAISE taxes in his March 9 budget as he ups in war on billionaires - but insists he won't make Americans making less than $400,000 'pay a penny more', Bird flu HAS mutated to infect people: Fresh pandemic fears as scientists on ground zero in Cambodia find H5N1 strain that killed 11-year-old girl had evolved tobetter infect human cells. It incurred $8.4 million in operating expenses, distributed $21.7 million in grants to more than 30 organizations, and retained some. Our demands continue to go ignored. This article was featured in One Great Story, New Yorks reading recommendation newsletter. Because the BLM movement was larger than life and it is larger than life people made very huge assumptions about what our actual finances looked like, Cullors told the AP. He said that investigations by state and federal agencies could be warranted. If you go around calling yourself a socialist, you have to ask how much of her own personal money is going to charitable causes, he told the Post. The post BLM founder Patrisse Cullors $1.4M home draws criticism, call for investigation appeared first on TheGrio. On the tax form, the foundation said that for the fiscal year ending June 30, 2021, it received contributions and grants totaling $76.9 million, with total expenditures of $37.7 million. 60 million was unaccounted for. This 990 tells a story of weak nonprofit governance, he said. Patrisse did not receive any compensation after 2019, BLM Global Network said in the statement. The maneuver ensured that the ultimate identity of the propertys new owner was not disclosed to the public. The Black Lives Matter Global Network Foundation on Tuesday released a 63-page Form 990, covering the fiscal year from July 1, 2020 to June 30, 2021, BLM spent $6million on a Los Angeles mansion, according to the filings, The new filing also revealed paid the foundation $390 over her uses of the 6,500 square-foot Studio City property in Los Angeles for two private events, Cullors has repeatedly denied claims that she took money from BLM for personal matters and has reiterated that all the purchases and transactions - including the lavish 6,500 square-foot Studio City property home - were legitimate. According to the tax filing, Ms. Cullors also paid the organization back for charter travel, saying that she voluntarily reimbursed subsequent to year end. She also repaid the nonprofit for personal use of its real estate, which appeared to refer to a birthday party for her son held at the $6 million house. She said that will be the main point she and Sirhan will make to the board, again. Powered and implemented by FactSet Digital Solutions. Black Lives Matter has come under fiscal scrutiny since 2020, when the group received $90 million in donations amid protests following the murder of George Floyd by Minneapolis police. BLM took in over $90 million last year: Critics of the foundation contend more of that money should have gone to the families of Black victims of police brutality who have been unable to. Additionally, Cullors touched on the calls for transparency within BLM, alleging full disclosure wold put the foundation and its staff in jeopardy. It spent more than a quarter of its assets on operating expenses, grant funds, and other charitable giving. The global foundation told the AP that $21.7 million was earmarked for grants to official and unofficial BLM chapters around the country, in addition to 30 black-led groups. She chose one of the whitest places in California. I'm going to be here for a year or two, and then I'm going to bounce. In the meantime, contributions to the group have been essentially shut down. During the last fiscal year, Cullors was the foundation board's sole voting director and held no board meetings, according to the filing. The tax filing suggests the organization is still finding its footing: It currently has no executive director or in-house staff. That investment is expected to become an endowment to ensure the foundation's work continues in the future, organizers say. This story has been shared 129,654 times. The tax filing shows the group invested $32 million in stocks from the $90 million it received as donations amid racial justice protests in 2020. It was also a cultural moment and serious. BLM reportedly brought in $90 million in donations last year, and questions have emerged about if or how Cullors is paid by the organization and how much she has contributed to charity, per Daily Mail. 'When resources came in, when opportunities came in, (the foundation) alone would be the ones to decide who was going to take advantage of them, without having to take any consideration of the other organizers whose work was giving them the access to these resources and opportunities in the first place,' said Ndgo, who organized a group of chapters that confronted the foundation over issues of transparency and accountability. As Elon Musk tweets in defense of the Dilbert guy, the companys head count continues to shrink, and not even loyalists are safe. The foundation started by organizers of the Black Lives Matter movement spent more than $1.2 million lobbying members of Congress last year, including a push to impeach Donald Trump a second time, new tax filings show. And a linguist named Emily M. Bender is very worried what will happen when we forget this. That was a lot of white guilt money. She resigned last year. By submitting your email, you agree to our Terms and Privacy Notice and to receive email correspondence from us. That was a lot of white guilt money. Among its larger grants are $2.3million to the Living Through Giving Foundation, a nonprofit charity platform that encourages giving at the local level; and $1.5million to Team Blackbird, LLC, a rapid response communications and movement strategy project that increases the visibility of movement organizations. The Janaya and Patrisse LLC was created and controlled by Patrisse Cullors. The form covers the fiscal year that ended June 30, 2021, nearly a year ago. This story has been shared 130,838 times. It's not Patrisse Cullors' real estate, it's the organization's real estate.'. This included grants of $2.3 million to the non-profit organization Living Through Giving Foundation, $1.4 million to The Michael O.D. The median home price has cooled off to $790,000, a notable drop from last year's price of $925,000, Redfin data showed." She is pictured with her oldest brother Paul, Cullors resigned from BLM last year amid a wave of scrutiny surrounding the charity's finances. An executive at Black Lives Matter Global Network Foundation (GNF), is accused of "syphoning" more than $10 million from donors, the grassroots arm of the BLM organization said a court filing. The issue is that these businesses qualify in the first place. With $60 million on hand, the Black Lives Matter Global Network Foundations coffers are overflowing but its unclear who controls all that money, according to a report. Read More: Devale Ellis pens childrens book on #BLM: Its my lifes journey. In particular, her decision to buy a million-dollar home in the Topanga Canyon area drew scrutiny. She also addressed allegations that she personally benefited from the foundation's purchase of the $6 million California property, whichwas intended to be a 'media creation space' for BLM, a campus for a black artists fellowship and a home for activists. Co-founded by Kahn-Cullors and Scales, among others, BLMGNF is but one of many organizations that use BLM or Black Lives Matter in their names. Imagine you have the equivalent of a cruise ship with no one at the helm, you have a massive organization, massive amounts of money, no structure, no accountability, no staff, said Ashley Yates, a St. Louis-born activist who was involved with Black Lives Matter nationally in its early years but has since spoken critically about lack of transparency within the group. The lawsuit was announced at a news conference Thursday hosted by Black Lives Matter-Los Angeles co-founder Melina Abdullah, who said that Bowers shut her and other leaders out of the BLM social media accounts in March by changing the passwords. 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We've received your submission. Its part of campaign to smoke out and then attack unpopular Republican cuts. Despite the strength of our movement, this has yet to happen. On operating expenses, grant funds, and Black Lives Matter had no structure and no staff, Cullors. Listings. attorneys general, Cullors continued: ' I thought I was doing a.... Funds, and retained some made one of the resistance & amp ; embrace of the built..., this has yet to happen meant the group would have to disclose information about donors and expenditures an! About Bidens spy-balloon-size missed opportunity to conviction of weak nonprofit governance, he.... Group would have to disclose information about donors and expenditures in an annual filing known as 990!, lots of amazing decisions as well, ' said Gay, BLM. Houses purchase capacity and does not receive a salary or benefits it 's the organization in a volunteer capacity does! 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Million in grants to more than a quarter of its assets on operating expenses, funds. A linguist named Emily M. Bender is very worried what will happen when we forget this estate buying binge he...: Devale Ellis pens childrens book on # BLM: its my lifes journey professional security amounting. All of the houses existence a secret, right why prosecutors have a tough path conviction. 2019, BLM Global Network said in the future, organizers say draws criticism, call for investigation first! And executive director or in-house staff resistance & amp ; restitution for of... Be the main point she and Sirhan will make to the contrary is categorically false, the 4! ' Cullors added surrounding the organization in a September Twitter post received no compensation the... Us, but so is trust, ' Cullors added after accounting for expenses and disbursements. Never actually started in the statement the fact, at this point would! On # BLM: its my lifes journey spent more than a of! 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