Shady finances reveal flaws in BLM’s underlying philosophy
by Kurt Mahlburg, MercatorNet:
Sympathisers donated millions. Where have they gone?
Black Lives Matter began as a hashtag in 2013. It soon developed into a grassroots movement. Following the tragic death of George Floyd in 2020, the BLM name became a lucrative label for non-profits.
Concerned citizens, along with corporate donors like Amazon, Microsoft and Tinder, donated a combined US$90 million in 2020 alone to the largest of these non-profits: the Black Lives Matter Global Network Foundation (BLMGNF).
Two years later, no one seems to know who is in control of the $60 million that remains in the organisation’s bank account, or how it is being spent.
According to a recent report by the Washington Examiner, BLM co-founder Patrisse Kahn-Cullors had planned to hand the organisation’s reins over to two activists following her resignation last May. But in September, those activists announced via a Twitter post that they never ended up taking the job due to disagreements with BLM leadership.
Kahn-Cullors’ resignation was itself controversial. She had quit amid a real estate buying binge, during which she had purchased four homes valued at a combined $3.2 million. Kahn-Cullors and the organisation insisted that BLM funds were not spent on the properties.
The two remaining BLM board members have refused to answer the Washington Examiner’s repeated queries about who is currently in charge of the organisation’s finances.
Related Posts
Tags
Share This
