Needless to say I was saddened . Donation averages were around $30 through the foundations main fundraising platform, and over 10% of donations were recurring. But no one seems to know how most of that money has been spent. The #BLM10 said the amounts given have been far from equitable when compared to how much BLM has raised over the years. BLM foundation leaders did admit to the AP that in recent years the organization has not been as open as it should be regarding its operations and finances in recent years, but that an effort is . Wells Fargo: $400 million. After the demonstrations and the riots, over 600 riots in which Black Lives Matter was involved in 2020, critical race theory and an attempt to change the . Square Enix, a game developer, announced that it was giving $250,000 to the NAACP and Black . Photo by Bureau of Land Management. The nonprofit hasshared its financial snapshot exclusively with The Associated Press amid accusations from local chapters that they are not being given any of the money. In its early years, BLM disclosed receiving donations from A-list celebrities such as Beyonc, Jay-Z and Prince, prior to his death in 2016. Convicted Albanian murderer who was held at Manston processing centre for three weeks before being jailed How many people were born abroad in YOUR area? Garza's post was made the night before the verdict was expected to be announced in George Zimmerman's trial for killing Trayvon Martin, a black teen. That growth also caused longstanding tensions to boil over between some of the movements grassroots organizers and national leaders - the former went public last fall with grievances about financial transparency, decision-making and accountability. Black Lives Matter Chicago organizer Ariel Atkins went viral in early August for calling the looting of downtown stores a form of "reparations.". The foundation told AP thatit committed $21.7 million in grant funding to official and unofficial BLM chapters, as well as 30 Black-led local organizations. Two paid staff members would rarely be enough to manage a $90 million organization. The Black Lives Matter foundation and its finances have come under scrutiny for its use of donated funds. Thanks for contacting us. In the fiscal year concluding just after Floyd's 2020 murder, revenue shot up to $86.9 million. How much time do some of y'all spend obsessing over BLM. "We were often . Garza and Cullors reached out to Opal Tometi to help establish accounts on Tumblr and Twitter using the hashtag and where users could share relevant personal stories and information. The Black Lives Matter Global Network Foundation ended 2020 with a balance of more than$60 million, after reportedly spending nearly a quarter of its assets on the grant funds and other charitable giving. The house was to be used, among other things, as an artist retreat, the filing said, but identifying information is not being released here due to safety and security concerns and threats to B.L.M.G.N.F.s leadership, staff and creators, the form said. Last month, New York Magazine reported that funds raised by the foundation were used to buy a house in California for nearly $6 million in cash in October 2020. 'We want to uplift Black joy and liberation, not just Black death. 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SAN DIEGO A rumor circulating online claims money donated to the Black Lives Matter movement is actually going to the Democratic party. FAQ - New Privacy Policy. We built this, each one of us, Groggansadded. After the 2013 acquittal of George Zimmerman, the neighborhood watch volunteer who killed 17-year-old Trayvon Martin in Florida, BLM's founders pledged to build a decentralized movement governed by consensus of a members' collective. In the fiscal year concluding just after Floyd's 2020 murder, revenue shot up to $86.9 million. We want to see Black communities thriving, not just surviving, an impact report from the foundation shared with AP read. Foundation leaders say only a few of the 10 chapters are recognized as network affiliates. The foundation said it committed $21.7million in grant funding to official and unofficial BLM chapters, as well as 30 black-led local organizations. Were making it clear to Black people that were an institution and that were here to stay, said Mr. Bowers. "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 said. The Black Lives Matter Global Network Foundation said in the report that it has raised over $90 million in 2020 alone, giving about a quarter of it -- nearly three times the industry norm -- to . The statements were made in the wake of the . However, only one group in Denver signed the agreement and received its funds in September. At one point, BLM agreed to pay Thousand Currents 15 percent of all funds raised. Opal Tometi, who created a black new media and advocacy hub called Diaspora Rising,is the former Executive Director of the Black Alliance for Just Immigration. Legal Statement. "To the best of our knowledge, most chapters have received little to no financial support from BLMGN since the launch in 2013. Many local groups that are part of the movement have called for more transparency and a greater role in making decisions, as well as more money for the organizations led by activists on the ground. In its report, the BLM foundation said individual donations via its main fundraising platform averaged $30.76. 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Still, the #BLM10 members saythat there is a discrepancy between reality and what the BLM movement's founders are saying. The BLM foundation was granted nonprofit status with the Internal Revenue Service in December, allowing the organization to receivetax-deductible donations directly. During protests over the police in-custody death of George Floyd in the summer of 2020, Kamala Harris donated money to a Minnesota nonprofit that helped protesters who . Last year, the foundation's expenses were approximately $8.4million - that includes staffing, operating and administrative costs, along with activities such as civic engagement, rapid response and crisis intervention. That wind was raciss. The report does not state who gave the money in 2020, and leaders declined to name prominent donors. Leaders at the BLM foundation admit that they have not been clear about the movements finances and governance over the years. 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. For example, the foundation told AP that itsfiscal sponsor currently managing the organization's money is requiresspending to be approved by a collective action fund that has a board made up of BLM chapter representatives. When you donate money to Black Lives Matter, it first . Social media posts falsely claim donations made on the Black Lives Matter website go "directly" to the Democratic Party, because the group uses ActBlue Charities an online . About. Black Lives Matter chapters call for transparency. As a subscriber, you have 10 gift articles to give each month. Outlined below, are 5 reasons the movement may have failed to resonate in Britain. The comments below have been moderated in advance. It incurred $8.4 million in operating expenses, distributed $21.7 million in grants to more than 30 organizations, and retained some $60 million in its coffers. The incident shines a light on the growing role that third-party companies play in collecting and distributing the roughly $300 billion that individual Americans give to charity every year. In the near future, BLM will also reportedly be required to file public 990 forms,revealing details of its organizational structure, employee compensation, programming and expenses. BLM co-founder Patrisse Cullors told the AP that the foundation is focused on a 'need to reinvest into Black communities.'. Black people we disproportionately affected by Hurricane Laura. They learned from Jackson and Sharpton. A spokesperson for #BLM10 did not immediately return FOX Business' request for comment. We built this, each one of us,' she said. Although there are many groups that use 'Black Lives Matter' or 'BLM' in their names, less than a dozen are currently considered affiliates of the chapter network. The racial justice movement had a broad impact on philanthropic giving last year. Prior to stepping down last year, Cullors disagreed with #BLM10 after they said the money they were given in comparison to how much BLM raised was unfair. BLM vowed to use the money to be more active. REVEALED: The 50 most beautiful baby names backed by science with Sophia and Matthew top of the list. 'One of our biggest goals this year is taking the dollars we were able to raise in 2020 and building out the institution we've been trying to build for the last seven and a half years,' she said in an interview. The report comes after a year of nationwide protests calling for racial justice and police reform. The tax filing shows property worth $5.9 million, held by a Delaware company. "I'm a college professor, first of all," she claimed. Where and how they dedicated their money became the most visible signs of their priorities. While the chapters, as well as other Black-led local organizations, becameeligible in July for financial resources through a $12 million grant fund, less than a dozen of the groups who useBlack Lives Matter or BLM in their names are currently considered affiliates. The tax filing shows property worth . That's the true goal of BLM leadership. According to foundation records shared with the AP, several chapters, including in the cities of Washington, Philadelphia and Chicago, were notified last year of their eligibility to receive $500,000 each in funding under a multiyear agreement. Graza, Cullors, and Tometi organized 'Freedom Rides' to Ferguson, transporting hundreds of protesters who adopted the slogan 'Black Lives Matter' throughout the months-long protests. 'We are BLM. 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. 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. The group formally incorporated as the Black Lives Matter Global Network Foundation, Inc. in 2017 and has seen been nominated for the Nobel Peace Prize. Only one BLM group in Denver has signed the agreement and received its funds in September. Cullors purchased four expensive homes as BLM fundraising hit the roof in 2020. In 2015, a network of chapters was formed, as support and donations poured in. Local chapters are semi-autonomous. Now, we are taking time to build efficient infrastructure to run the largest Black, abolitionist, philanthropic organization to ever exist in the United States.. Skip recommended stories carousel and go to main content. On 20 December 2020, The . Foundation leaders reportedly say only a few of the 10 chapters are recognized as network affiliates. On June 2, 2020, the seventh day of protests over the death of George Floyd, the foundations website drew 1.9 million visitors a near-5,000% increase from its most trafficked day in March 2020, according to the report. It is also a delayed snapshot. You mentioned companies. And so one of those platforms, Benevity, told us that they had accumulated about $4 million worth . We want to see Black communities thriving, not just surviving,' reads an impact report the foundation shared with the AP before releasing it. is wishing that we could have paused for one to two years, to just not do any work and just focus on the infrastructure, she said in the interview. Anyone can read what you share. 'Black people are the first to die, not the first to fly, in this racist climate crisis,' it added. CNN Sans & 2016 Cable News Network. . The #BLM10 said the amounts given have been far from equitable when compared to how much BLM has raised over the years. A mural that reads 'ALL BLACK LIVES MATTER' is painted on Halsey Street in Newark, N.J. Epilogue Kitchen & Cocktails owner Jonathan Jones speaks with customers near an image of George Floyd while serving free meals in honor of Martin Luther King Jr. Day in Salem, Oregon, MD Crawford carries a Black Lives Matter flag before a march in La Marque, Texas to protest the shooting of Joshua Feast, 22, by a La Marque police officer, Antonio Mingo, of Washington, right, holds his fists in the air as demonstrators protest in front of a police line on a section of 16th Street that's been renamed Black Lives Matter Plaza. 16. Last summer, leaders sought nonprofit status with the IRS, which was granted in December, allowing the organization to receive tax-deductible donations directly. FILE - In this Nov. 4, 2020, file photo, protesters representing Black Lives Matter and Protect the Results march in Seattle. 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 . Facebook Employee Fired for . The foundation's coffers and influence grew immensely following the May 2020 death of George Floyd, a black man whose last breaths under the knee of a white Minneapolis police officer sparked protests across the U.S. and around the world. Bonfire has since frozen the $14,000 raised by 738 people and slated to go to Barnes' foundation and will reach out to those fundraisers to ensure the money goes "where it's supposed to be." Pledgeling, another fundraising website, added the Black Lives Matter Foundation to its database in 2017 following the request of a user. 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 AP. It obtains funds through PayPal . The umbrella organization for 26 local Black Lives Matter chapters sued the national BLM organization and accused one of its board members of stealing $10 million for personal use. BLM co-founder Patrisse Cullors, who became the global foundations full-time executive director last year,told AP the organizationis focused on a need to reinvest into Black communities.. 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. He declined to share how much money his foundation has raised in total. The credibility of the entire movement is at stake based on these choices, for better or worse., But he added, They deserve a little grace here. Quotes displayed in real-time or delayed by at least 15 minutes. The BLM foundation's individual donations from its main platform reportedly averaged$30.76, with more than 10% of donations being recurring. Speaking of buying properties, we do know where at least some of the $60 million went. No one expected the foundation to grow at this pace and to this scale, Cicley Gay, chair of the board of directors, said in a statement on Tuesday. Left-wing outlets report on the progress BLM has made while . The beauty brand released a statement on Instagram saying the company planned to donate $500,000 to "organizations focused on combating racial injustice.". More . For the first time in the Black Lives Matter movement's nearly eight year history, leaders of the organization have shared a detailed look at their finances. The Black Lives Matter Global Network Foundation, largely seen as adriving force behind the Black Lives Matter Movement, took in just over $90 million last year, according to afinancial snapshot obtained by AP. However,AP noted that the foundation's report does not state where the money went in 2020 and that BLM leaders declined to name prominent donors. This is not the equity and financial accountability we deserve.". Hawk Newsome, the head of Black Lives Matter of Greater New York, is calling for a probe into Cullors' finances. The group came back to prominence after George Floyd's death in May: The foundation said it committed $21.7 million in grant funding to official and unofficial BLM chapters, as well as 30 Black-led local . That ratio pretty much tells the story right there, Mr. Harold said. The BLMGNF did not respond to questions. They have completely changed our lives. 11:08 AM EST, Thu February 25, 2021. 2. However, AP noted that the foundation's report does not state where the money went in 2020 and that BLM leaders declined to name prominent donors. An estimated $4.35 million was raised for the foundation in the first weeks of June, though much of that was frozen before it could be disbursed, BuzzFeed reported. We are an institution, the foundation boasted. We want to uplift Black joy and liberation, not just Black death. We've received your submission. The answer: 'Climate crisis is a racist crisis,' the group said on its Twitter feed. SENATE DEMOCRATS BLOCK AMENDMENT TO EXCLUDE RIOTERS FROM RECEIVING SBA ASSISTANCE. N o one appears to have been in charge at Black Lives Matter for months. 'We were often scraping for money, and this year was the first year where we were resourced in the way we deserved to be.'. Alicia Garza, pictured,is the principal at Black Futures Lab, an organization that develops public policy. We were often scraping for money, and this year was the first year where we were resourced in the way we deserved to be.. At the same time, opponents of Black Lives Matter have tried to portray spending by one of the groups founders as evidence of widespread mismanagement in a manner that appears intended to impugn the cause of racial justice as well as the group. Bank of England tempers future expectations as it says inflation will eventually 'The numbers were excellent!' The Black Lives Matter movement has raised billions of dollars over the past several years. "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 said. Black Lives Matter DC organizer April Goggans, who is part of the #BLM10 group, told AP the chapters are simplying asking for anequal say in this thing that our names are attached to, that they are doing in our names. Other groups affiliated with #BLM10 are located in cities including Indianapolis, Oklahoma City, San Diego, Hudson Valley andNew York. The protests against police brutality and systemic racism have seen several American and international celebrities donate to U.S. nonprofits and organizations dedicated to racial justice. 3 . . BREAKING NEWS: Synagogues in New Jersey are 'under threat' as FBI urges people to 'stay alert'. BLM vowed to use the money to be more active. Always exhausted? Fellow co-founders Alicia Garza, who is the principal at Black Futures Lab, and Opal Tometi, who created a Black new media and advocacy hub called Diaspora Rising, are not involved with the foundation. BLM raised $90 million last year. Last month, New York Magazine reported that funds raised by the foundation were used to buy a house in California for nearly $6 million in cash in October 2020. Garza's friend, Patrisse Cullors, was inspired to create the twitter hashtag #BlackLivesMatter on July 15, which quickly went viral. Supporting our emerging leadership, including our rapid response, organized resistance, healing and logistics teams, reimbursements and stipends costs on average $2,700/month. Records reportedly show some chapters have received multiple rounds of funding in amounts ranging between $800 and $69,000, going back as far as 2016. This has been a record-breaking year for fundraising, which has been matched with just as historic an amount in campaign budgets and grant disbursements, the foundation wrote. Brad Smith, president of Candid, an organization that provides information about philanthropic groups, said there are other ways for nonprofits to be transparent with the public besides federal disclosure forms. Sheis currently producing a YouTube Originalsseries called Resist, which premiered November 18, 2020, according to Essence. 3. The remaining 137 pledges sum to $2.6 . 1. WASHINGTON (SBG) - The Black Lives Matter organization revealed it took in over $90 million in 2020, a year marked by nationwide protests ignited by the killing of George Floyd and other black men . 6. KENTUCKY POLICE OFFICER FIRE FORD ALLEGEDLY SHARING INFORMATION WITH BLACK LIVES MATTER PROTESTERS. They created a PAC, using money that was raised to fund local initiatives to wield national political power and influence, in addition to other misappropriations, fraud, waste and abuse. Garza and Tometi do continue to make appearances as movement co-founders. 2022 Cable News Network. According to an upcoming report by Candid and the Center for Disaster Philanthropy, 35% of the $20.2 billion in U.S. funding dollars from corporations, foundations, public charities and high-net-worth individuals to address COVID-19 was explicitly designated for communities of color. The foundation spent around $8.4 million in operating costs and committed about 23% of . Leaders at the BLM foundation admited to AP that they have not been clear about the movements finances and governance over the years, but that they arenow trying to be more open about its financial matters. However, critics argue that the foundation has increasingly moved away from being a Black radical organizing hub and has become a philanthropic and political organization run without democratic input from some of its earliest supporters. The chapters are simply asking for an equal say in 'this thing that our names are attached to, that they are doing in our names,' said April Goggans, organizer of Black Lives Matter DC, which is part of the #BLM10 along with groups in Indianapolis, Oklahoma City, San Diego, Hudson Valley, New York, and elsewhere. Mutual Fund and ETF data provided byRefinitiv Lipper. The 97,880-acre Eagletail Mountains Wilderness is about 65 miles west of Phoenix, Arizona. It was only in the last few months that selected chapters appear to have been invited to apply for a $500,000 grant created with resources generated because of the organizing labor of chapters. In an interview on Tuesday, Shalomyah Bowers, another new member of the board, said the picture painted by the documents shows an organization retooling for the long haul.
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