Black Lives Matter Funding NOT Demystified
Black Lives Matter Global Network Foundation, Inc. sprang from the efforts of Patrisse Khan-Cullors, Alicia Garza, and Opal Tometi. Try doing a web search for their net worth, or to find any information on their personal finances or the expense of their lifestyles.
Perhaps you’ll have better luck than I.
This is the organization that operates the blacklivesmatter.com website and receives the millions of dollars in donations and grants that funnel in through various channels and sources, for instance, $900,000 from 2016 to 2019 from the W.K. Kellogg Foundation and $343,000 from 2016 to 2018 from Borealis Philanthropy.
The money is difficult to quantify and track, because Black Lives Matter Global Network Foundation, Inc. operates it’s fund intake as a fiscally sponsored project of another organization, Thousand Currents.
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Black Lives Matter Global Network Foundation doesn’t have it’s own IRS tax exempt status and instead leverages Thousand Current’s IRS tax exemption by using this method of being one of its fiscally sponsored projects.
Since Black Lives Matter Global Network Foundation, Inc. doesn’t file its own reports with the IRS under this arrangement, all that can be relied upon is filings by Thousand Currents, which disclosed $3,354,654 in donor-restricted assets for Black Lives Matter in a 2019 audit. A year before the total was $2,622,017.
That may be the tip of the iceberg.
Black Lives Matter Global Network Foundation, Inc. also has close ties to at least 16 other Black Lives Matter state and local affiliates which may or may not have their own tax exempt/non-exempt statuses and fiscal project sponsors.
The Movement For Black Lives is a group with ties to Black Lives Matter Global Network Foundation, Inc, but has its own financial spiderweb and also enjoys not disclosing its financial records as a fiscally sponsored project.
