{"id":1953890,"date":"2023-06-22T07:54:01","date_gmt":"2023-06-22T11:54:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/a-closer-look-at-black-lives-matters-bankruptcy-shows-radical-leftists-still-have-millions-in-their-coffers\/"},"modified":"2023-06-22T07:55:53","modified_gmt":"2023-06-22T11:55:53","slug":"a-closer-look-at-black-lives-matters-bankruptcy-shows-radical-leftists-still-have-millions-in-their-coffers","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/a-closer-look-at-black-lives-matters-bankruptcy-shows-radical-leftists-still-have-millions-in-their-coffers\/","title":{"rendered":"Black Lives Matter&#8217;s &#8216;Bankruptcy&#8217; Reveals Leftists&#8217; Substantial Funds"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fa-closer-look-at-black-lives-matters-bankruptcy-shows-radical-leftists-still-have-millions-in-their-coffers%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1953890&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"article-content\">\n<p>A number of headlines have been making the rounds declaring that Black Lives Matter is going bankrupt. These are misleading, not only because they conflate the <a href=\"https:\/\/blacklivesmatter.com\/wp-content\/uploads\/2023\/05\/blm-gnf-form-990-fy-2021-2022-01.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Black Lives Matter Global Network<\/a> (BLM GN) and the BLM movement, but also because BLM GN is not, in fact, on the verge of bankruptcy.<\/p>\n<p>To a certain extent, the confusion is understandable. BLM GN is the most visible and well-known of the various BLM organizations, the one founded by movement figureheads Patrisse Cullors, Alicia Garza, and Opal \u201cAyo\u201d Tometi. When the general public hears \u201cBLM,\u201d this is who they think of. The BLM movement is not known for its transparency, and it\u2019s easy to confuse its various members and their alphabet soup of acronyms.<\/p>\n<div class=\"fdrlst__b89e9-paragraph-2-long d-flex justify-content-center\" style=\"margin-left: auto; margin-right: auto; text-align: center; \" id=\"fdrlst__b89e9-533878833\">\n<div id=\"div-gpt-ad-1379703300879-0\" class=\"mb-30\"><\/div>\n<\/div>\n<div class=\"fdrlst__b89e9-ba4b6b7c936788901c63a6cbdd2f8f0d fdrlst__b89e9-paragraph-2\" id=\"fdrlst__b89e9-ba4b6b7c936788901c63a6cbdd2f8f0d\"><\/div>\n<p>While BLM GN fancies itself as the head of the BLM movement, the reality is that BLM is a many-headed hydra. BLM GN ostensibly was once the parent organization of a multitude of grassroots BLM chapters, but disputes over funding and priorities have led many of them to part ways with the organization, some becoming entirely independent entities and others banding together to form new collectives (for example, the \u201cBLM 10+\u201d). Most of the BLM movement\u2019s heavy lifting is done by these grassroots chapters.<\/p>\n<p>Then there is the <a href=\"https:\/\/m4bl.org\/\" target=\"_blank\" rel=\"noreferrer noopener\">Movement for Black Lives<\/a> (M4BL), a shadowy collective of more than 150 activist organizations that is even more radical than BLM GN. M4BL provides funding and administrative support to its members and is currently a fiscally sponsored project of the Common Counsel Foundation (in 2020, it was fiscally sponsored by the Alliance for Global Justice [AfGJ], a Marxist revolutionary front with ties to the Sandinistas). <\/p>\n<p>The group refuses to disclose the bulk of its members, but among those that it does disclose are Southerners on New Ground, Black Alliance for Just Immigration, UndocuBlack Network, Black Feminist Future, Organization for Black Struggle, Ella Baker Center for Human Rights, BlackOUT Collective, Highlander Research and Education Center, and the Black Movement Law Project. It received more than $30 million in donations in 2020, and that figure doesn\u2019t <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/a-closer-look-at-black-lives-matters-bankruptcy-shows-radical-leftists-still-have-millions-in-their-coffers\/\" title=\"Black Lives Matter's 'Bankruptcy' Reveals Leftists' Substantial Funds\">include contributions made directly<\/a> to its members. Why the group hasn\u2019t received more media attention is a mystery.<\/p>\n<p>Lastly, there is the BLM movement\u2019s vast NGO archipelago, a menagerie of subversive organizations working tirelessly to advance the movement\u2019s revolutionary agenda. These organizations include BLM GN\u2019s <a href=\"https:\/\/blacklivesmatter.com\/partners\/\" target=\"_blank\" rel=\"noreferrer noopener\">official partners<\/a> such as the NAACP and wholly independent outfits such as <a href=\"https:\/\/www.blacklivesmatteratschool.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">BLM At School<\/a>, which with the help of the <a href=\"https:\/\/www.nea.org\/resource-library\/black-lives-matter-school\" target=\"_blank\" rel=\"noreferrer noopener\">National Education Association<\/a> (NEA) reaches children in thousands of schools across the country.<\/p>\n<div class=\"fdrlst__b89e9-48a767e6d7f5a33b0b932d6d99853958 fdrlst__b89e9-paragraph-6\" id=\"fdrlst__b89e9-48a767e6d7f5a33b0b932d6d99853958\"><\/div>\n<p>Even if BLM GN were to go bankrupt, these other organizations \u2014 the heart of the BLM movement \u2014 would live on. But reports that BLM GN is insolvent or going bankrupt are false. A cursory examination of BLM GN\u2019s Form 990s shows that in 2020-2021, it raked in <a href=\"https:\/\/blacklivesmatter.com\/wp-content\/uploads\/2022\/05\/blmgnf-tc-form-990-2020-2021-01.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">nearly $80 million<\/a> in grants and donations, but the following year, that number fell to <a href=\"https:\/\/blacklivesmatter.com\/wp-content\/uploads\/2023\/05\/blm-gnf-form-990-fy-2021-2022-01.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">just over $9 million<\/a>. Meanwhile, the nonprofit spent a little over $17 million and saw its investments drop by nearly $1 million. This meant it ended the year $8.5 million in the red. <\/p>\n<p>That is where many journalists stopped reading. But a closer look reveals that BLM GN retains more than $40 million in its coffers from its record 2020 haul. Because it is a grantmaking organization helmed by a skeleton crew, it can easily pare back its spending over the coming year to balance its books.<\/p>\n<p>That\u2019s not to say that BLM GN has acted in a fiscally responsible manner. Its penchant for <a href=\"https:\/\/nypost.com\/2022\/05\/17\/black-lives-matter-spent-at-least-12-million-on-mansions\/\" target=\"_blank\" rel=\"noreferrer noopener\"><a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/4-bombshell-stories-censored-by-big-tech\/\" title=\"4 Bombshell Stories Censored By Big Tech\">luxury real estate<\/a><\/a> is well known, as is its proclivity for <a href=\"https:\/\/www.washingtonexaminer.com\/news\/major-corporate-donors-silent-on-black-lives-matters-alleged-self-dealing\" target=\"_blank\" rel=\"noreferrer noopener\">self-dealing<\/a>. The nonprofit spent $6 million on a sprawling mansion in Los Angeles and granted M4BJ, a subgroup of BLM Canada, $8 million which was subsequently spent on a 10,000-square-foot Toronto mansion formerly owned by the Canadian Communist Party. Patrisse Cullors and her spouse, BLM Canada and M4BJ co-founder Janaya Khan, have <a href=\"https:\/\/nypost.com\/2021\/04\/10\/inside-blm-co-founder-patrisse-khan-cullors-real-estate-buying-binge\/\" target=\"_blank\" rel=\"noreferrer noopener\">purchased<\/a> at least four high-end houses for $3.2 million in the U.S. alone. Interestingly, BLM Canada is one of the few regional BLM chapters to have actually received funding from BLM GN.<\/p>\n<p>Meanwhile, BLM GN <a href=\"https:\/\/www.dailymail.co.uk\/news\/article-12117957\/Black-Lives-Matter-headed-INSOLVENCY-plunging-8-5M-red.html\" target=\"_blank\" rel=\"noreferrer noopener\">continued to hire relatives<\/a> of Cullors and its board members. According to the organization\u2019s tax filings, Paul Cullors, the brother of Patrisse Cullors, founded two private security companies which were paid $1.6 million in 2022. He was also paid a $126,000 salary as \u201chead of security\u201d despite being a graffiti artist with no experience in security. The previous year, BLM GN paid $970,000 to a company owned by Damon Turner, the father of Cullors\u2019 child.<\/p>\n<div class=\"fdrlst__b89e9-ffbc2a39fbf0c40792be4789f6c0ed7c fdrlst__b89e9-paragraph-10\" id=\"fdrlst__b89e9-ffbc2a39fbf0c40792be4789f6c0ed7c\"><\/div>\n<p>That same year, Shalomyah Bowers, who replaced Patrisse Cullors at the helm of BLM GN after her resignation, paid his own consulting firm $1.7 million. And $1.1 million was paid to New Impact Partners, a firm owned by Danielle Edwards, the sister of former BLM GN board member Raymond Howard. BLM GN also agreed to pay $600,000 to an unidentified former board member\u2019s consulting firm in connection with a \u201ccontract dispute.\u201d<\/p>\n<p>Given the amount of money remaining in BLM GN\u2019s coffers, it\u2019s likely that the nonprofit will continue to behave in accordance with its <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/even-as-the-elon-musk-sale-closes-twitter-is-still-ramping-up-efforts-to-suppress-content\/\" title=\"Even As The Elon Musk Sale Closes, Twitter Is Still Ramping Up Efforts To Suppress Content\">current modus operandi<\/a>. But again, this reprehensible organization is just one member of the greater BLM movement, which features a host of more serious actors that don\u2019t squander their resources. BLM\u2019s opponents would be wise to remain vigilant and refrain from declaring victory prematurely.<\/p>\n<div class=\"fdrlst__b89e9-5b73044b129c9428b4c1780e3e203ed9 fdrlst__b89e9-after-post-content\" id=\"fdrlst__b89e9-5b73044b129c9428b4c1780e3e203ed9\"><\/div>\n<hr class=\"wp-block-separator\">    \t\t\t\t\t   \t\t\t\t\t\t\t\t\t<\/div>\n","protected":false},"excerpt":{"rendered":"<p>, misleading headlines have been circulating, falsely claiming that Black Lives Matter is facing financial ruin. However, these headlines fail to distinguish between the Black Lives Matter Global Network and the broader BLM movement. Furthermore, it is important to note that the BLM GN is not currently at risk of bankruptcy.<\/p>\n","protected":false},"author":2149,"featured_media":1953891,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[546],"tags":[],"class_list":["post-1953890","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-federalist"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1953890","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2149"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1953890"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1953890\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1953891"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1953890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1953890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1953890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}