Black Lives Matter risks going bankrupt after running an $8.5 million deficit last year, financial disclosures indicate.

The Black Lives Matter Global Network Foundation (BLMGNF) saw the value of investment accounts fall by almost $10 million in the most recent tax year, according to a copy of its tax return, first reported by The Washington Free Beacon, a conservative website.

The non-profit's latest Form 990 shows that a loss of just over $961,000 was logged on a securities sale of $172,000. The disclosures suggest a year of missteps for the foundation, as well as a dramatic drop in donations.

The foundation was started by organizers of the Black Lives Matter movement, which first emerged in 2013 following the acquittal of George Zimmerman in the k*lling of 17-year-old Trayvon Martin. It is not the sole organization within the broader movement but is the largest and most well-funded.

Donations amounted to about $9.3 million for the period between July 1, 2021, and June 30, 2022, while net a*sets stood at about $30 million. By comparison, for the period between July 1, 2020, and June 30, 2021, the organization reported donations of nearly $77 million, while net a*sets amounted to $42 million, suggesting a sizeable drop in both categories.

BLMGNF shared with the a*sociated Press in May 2022 that it had invested in stocks about a third ($32 million) of the $90 million it received as donations amid racial justice protests in 2020 following the k*lling of George Floyd.

Black Lives Matter co-founder Patrisse Cullors acknowledged in an interview last year that BLM was not prepared to handle the wave of contributions that came in following the murder of George Floyd at the hands of Minneapolis police.

The non-profit's latest tax form shows that although Cullors has departed, contracts to her family have continued.

Her brother, Paul Cullors, and his two companies were paid $1.6 million for "professional security services" for the tax period ending June 2022. He is listed as one of only two paid employees during the year, receiving a $124,702 salary for his role as "head of security."

Shalomyah Bowers, the foundation's board secretary, told the AP last year that protection could not be entrusted to the former police officers that typically run security firms, given the movement is known for its stance against law enforcement.

According to the organization's Form 990, Bowers' company, Bowers Consulting, was paid almost $1.7 million for management and consulting services.

Black Lives Matter Grassroots, which represents local BLM chapters, has accused Bowers in a lawsuit of treating the foundation as his "personal piggy bank" and stealing more than $10 million in donations for personal use, the Los Angeles Times reported.

The lawsuit, filed last year, alleges Bowers' actions have led the foundation into "multiple investigations by the Internal Revenue Service and various state attorney generals, blazing a path of irreparable harm to BLM in less than eighteen months."

Bowers and the foundation denied claims of financial misconduct.


 https://www.newsweek.com/ .. box=1684933746

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"Black Lives Matter Global Network Foundation"???? WTF is that? That's exactly why I stayed my a*s at home when they were marching. BLM was a grassroots movement not this LLC bullsh*t. FOH!

Finessed the community

32 million straight into stocks?

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Where is the money going to
- schools
- museums
- black business
- families of tragic events

Who gives the money

Something ain’t right about todays new factions that are supposed to help

Blafy said Where is the money going to - schools - museums - black business - families of tragic events Who gives the money Something ain’t right about todays new factions that are supposed to help

If they actually do we will get to see who they owe money too

Sin said If they actually do we will get to see who they owe money too

This also

I look a Black Lives Matter organization like

Who is/ are the leaders
When did y’all started collecting money
WHO giving the money
Who are the people in it

Where are the buildings

I wonder if the CIA or FBI have any involvement in the impending collapse of BLM?

There's historical evidence to suggest the possibilities...

Or am I just a conspiracy theorists like everyone else on BX?

Welp, so much for the protests next summer, unless some other group/entity picks up the tab.

Swisha2k11 said I wonder if the CIA or FBI have any involvement in the impending collapse of BLM? There's historical evidence to suggest the possibilities... Or am I just a conspiracy theorists like everyone else on BX?

BLM ran by some white people

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Them grifter bastards used tamir rice’s name to make millions and then had the audacity to argue back and forth with tamir rice’s mom.

If she asked for something it better be “yes ma’am”

There’s no forgiveness for this transgression. There’s a special place in hell for all these motherfu*kers. Especially the rotton bi*ch that was using funds to cash out herself and her family.

Tlatoani said 32 million straight into stocks? view image

Damn, that last line applies to a whole lotta people on BX.

If it goes, good riddance. Finessing off the slain bodies of innocent black men, women, & children, is pure evil.

When everything is corrupt on all sides of the issue, from the police to the protests, the best thing you can possibly do is survive.

Swisha2k11 said I wonder if the CIA or FBI have any involvement in the impending collapse of BLM? There's historical evidence to suggest the possibilities... Or am I just a conspiracy theorists like everyone else on BX?

BLM was a movement of loosely organized local leaders in its inception. This organization that the article is talking about are a totally separate organization that setup a business under the BLM moniker.

They weren't infiltrated by outside interference, they are the outside interference. Every negative headline about BLM has been about this company not the movement. Think about it: How can donate to a group that's only matching? What are you paying for? Homemade signs?

That BLMGTQ bullsh*t company is nothing but grifters like the Border Wall mfers asking for donations.

Crispy Beast said Welp, so much for the protests next summer, unless some other group/entity picks up the tab.

If they need a distraction, the FBI will serve it up like they did last time:

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Swisha2k11 said I wonder if the CIA or FBI have any involvement in the impending collapse of BLM? There's historical evidence to suggest the possibilities... Or am I just a conspiracy theorists like everyone else on BX?

It's known that the FBI had informants that infiltrated BLM and tried to incite violence.

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HawaiiBrunch said "Black Lives Matter Global Network Foundation"???? WTF is that? That's exactly why I stayed my a*s at home when they were marching. BLM was a grassroots movement not this LLC bullsh*t. FOH!

George Soros funded nonsense

HawaiiBrunch said "Black Lives Matter Global Network Foundation"???? WTF is that? That's exactly why I stayed my a*s at home when they were marching. BLM was a grassroots movement not this LLC bullsh*t. FOH!

They're the ones that set up and organized the protests

ponzi schemes can't last forever

fu*ked up part is idiots believe this is what BLM has been since the beginning so this just gives the dummies more dummy fuel.

mypostmakesense said George Soros funded nonsense

Exactly what it was. Set up to distract and divide, wasnt nothing legit about that sh*t that's why I stayed my black a*s home while idiots were acting a fool on tv marching for this sh*t.

mypostmakesense said George Soros funded nonsense

Not sure which BLM business it was, because there's two, but one was definitely funded by Soros. I don't think it's the one from the OP. I think the one he finds is BLM Inc, maybe. Idk. All I know is they definitely hijacked the BLM movement and what started in Ferguson as a grassroots organic ended up a artificial global phenomenon......