A new IRS tax filing shared exclusively with The Associated Press shows the Black Lives Matter Global Network Foundation Inc. spent more than $37 million on grants, real estate, consultants, and other expenses.
is still worth tens of millions of dollars, after spending more than $37 million on grants, real estate, consultants, and other expenses, according to tax documents filed with the IRS.
This is the BLM foundation’s first public accounting of its finances since incorporating in 2017. As a fledgling nonprofit, it had been under the fiscal sponsorship of a well-established charity, and wasn’t required to publicly disclose its financialsThe tax filing suggests the organization is still finding its footing: It currently has no executive director or in-house staff.
, local chapter organizers and families of police brutality victims reacted angrily. Until then, the foundation had not been transparent with the most devoted BLM organizers, many of whom accused national leaders of shutting them out of decisions on how financial resources would be allocated. The Michael O.D. Brown: We Love Our Sons & Daughters Foundation, run by Michael Brown Jr.’s mother, Lezley McSpadden, was approved for a larger grant of $1.4 million. McSpadden is happy to have the BLM foundation’s support, a Brown foundation representative said.
To get here, the foundation has relied on a small grouping of consultants, some of whom have close ties to founders and other BLM organizers. For example, the tax filing shows the foundation paid nearly $970,000 to Trap Heals LLC, a company founded by Damon Turner, who fathered a child with Cullors; and $840,000 to Cullors Protection LLC, a security firm run by Paul Cullors, Patrisse’s brother.
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