Black Lives Matter Global Network Foundation, a non-profit that grew out of the protest movement, is haemorrhaging cash, financial records show
The group ran an $8.5 million deficit and saw the value of its investment accounts drop by nearly $10 million, with fundraising down 88% year-on-year
Despite the financial woes, the organization still paid relatives of the founder and of a board member hundreds of thousands of dollars for service
Black Lives Matter’s national organization is at risk of going bankrupt after its finances plunged $8.5 million into the red last year – while simultaneously handing multiple staff seven-figure salaries.
Financial disclosures obtained by The Washington Free Beacon show the perilous state of BLM’s Global Network Foundation, which officially emerged in November 2020, as a more formal way of structuring the civil rights movement.
Yet despite the financial controversy and scrutiny, BLM GNF continued to hire relatives of the founder, Patrisse Cullors, and several board members.
Cullors’ brother, Paul Cullors, set up two companies which were paid $1.6 million providing ‘professional security services’ for Black Lives Matter in 2022.