The BLM Global Network Foundation, the movement's top nonprofit, experienced a massive decline in contributions during its most recent fiscal year.
Retired NYPD Sgt. Anna Serrano slams woke corporations for supporting the Black Lives Matter movement amid the dangers of police deaths., the movement's marquee nonprofit, appears to be in a financial freefall.
BLM Global Network reported just $9.3 million in contributions for its fiscal year ending in June 2022, the reported. The amount identified in the state filings is a $67 million decrease from the $77 million the nonprofit pulled in during its previous fiscal year. The lackluster fundraising presumably put a significant damper on its big spending ways, which tax forms will later reveal. But before the group experienced the enormous contribution plunge, it spent considerable amounts on individuals associated with the organization, their families and scooping up properties. in consulting payments to its leader Shalomyah Bowers and individuals linked to its co-founder Patrisse Cullors.
This cash included $2.1 million to Bowers Consulting, a firm run by Bowers, between July 2020 and June 2021, tax forms showed. The nonprofit also moved $970,000 to Trap Heals LLC, a company established by Damon Turner, the father of Cullors' child, and $840,000 to Cullors Protection LLC, a security firm owned by her brother.
Cullors left her leadership post with BLM in May 2021 amid scrutiny over her past real estate purchases.
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