New tax filings from the Internal Revenue Service (IRS) reveal that the official Black Lives Matter organization ended the last fiscal year with at least $42 million in assets.
According to the Associated Press, the 63-page Form 990 shows that Black Lives Matter Global Network Foundation, Inc. peaked with over $90 million in donations in 2020, amid race riots that destroyed cities all across the country, which were largely orchestrated and led by BLM. Of that $90 million, the organization invested at least $32 million in stocks.
Black Lives Matter Global Network Foundation (BLMGNF) leaders reportedly used their influence with social media platforms to censor reporting on the organization’s financial activities, according to New York Magazine.
Internal communications from a group chat called “BLM Security Hub,” which reportedly included members from BLMGNF and consulting firms with connections to the organization, appeared to show the foundation’s efforts to use its connections to push social media networks to remove negative content about the group, according to New York Magazine.
After leaving his victims with shattered dreams and millions in collective financial losses, the legendary con artist Charles Ponzi observed with casual cruelty, “Even if they never got anything for it, it was cheap at that price.”
There is something of that same unrepentant sentiment in the selective silence of previously voluble woke corporate boards and national media pundits. Their unwillingness to demand accountability and transparency of Black Lives Matter Global Network Foundation, a $90 million organization that publicly promised social justice to its millions of small donors and corporate benefactors – including Facebook, Google and Twitter – after George Floyd’s death, makes them aiders and abettors to BLMGNF’s questionable leadership and violations of law.
Black Lives Matter founder Patrisse Cullors has been in the news a lot lately because of controversy over her income and financial dealings, including recent purchases of several new homes. Cullors lashed out at these criticisms by protesting, “The fact that the right-wing media is trying to create hysteria around my spending is, frankly, racist and sexist.”
The fact is that Cullors’ own organization has demanded answers. Hawk Newsome, head of Black Lives Matter Greater New York City, called for “an independent investigation” of Cullors. “If you go around calling yourself a socialist, you have to ask how much of her own personal money is going to charitable causes,” says Newsome. “It’s really sad because it makes people doubt the validity of the movement and overlook the fact that it’s the people that carry this movement.… We need black firms and black accountants to go in there and find out where the money is going.”
But another particularly striking Cullors revelation of late has gotten almost no publicity. It was flagged for me by Mike Gonzalez, author of an upcoming major new book on BLM. It’s a video by Cullors titled, “What Is Abolition And Am I An Abolitionist?” Posted on her personal YouTube channel, it needs to be widely watched.
Patrisse Cullors, one of the three original founders of the national Black Lives Matter organization, is revealed to have called for the total destruction of the state of Israel in a recently unearthed video from 2015, as reported by Fox News.
The video is from a panel at Harvard Law School seven years ago, featuring Cullors and other far-left activists. The panel was titled “Globalizing Ferguson: Radicalized Policing and International Resistance,” and was hosted by Harvard’s Human Rights Program. During the panel, Cullors recounted her experience visiting Gaza and the West Bank, and described alleged “violence” and “terror” carried out against Palestinians by the Israeli government, despite offering no evidence to back up any of these assertions.
She then went on to describe Palestine as “our generation’s South Africa,” and said that “if we don’t step up boldly and courageously to end the imperialist project that’s called Israel, we’re doomed.” To this end, she voiced her support for the Boycott, Divestment, and Sanctions (BDS) movement, a far-left and jihadi-sympathizing movement that seeks to force American companies and government entities to condemn and boycott Israel.
Patrisse Cullors, the co-founder of Black Lives Matter Global Network Foundation, will depart from her role as the organization’s executive director, the charity announced Thursday.
Cullors’ abrupt departure from the charity, which serves as the national arm of the BLM movement, came three weeks after the Daily Caller News Foundation reported that she had used her position as the charity’s leader to funnel business to an art company led by the father of her only child. Charity experts said BLM’s arrangement with the art company, Trap Heals, amounts to self-dealing and raises ethical and legal questions.
BLM Global Network did not provide an explanation in its statement Thursday for Cullors’ sudden departure. The statement said Cullors would be replaced by two senior executives who will lead the group until it “finds a new permanent team.”
Patrisse Cullors, the co-founder and executive director of Black Lives Matter’s national arm, has funneled business to a company led by a man she identified as the father of her only child, a Daily Caller News Foundation review of business records, interviews and social media posts found.
The company, Trap Heals, was formed just days before partnering with Black Lives Matter Global Network Foundation and later became the charity’s “lead developer of the art & cultural efforts,” according to business records, interviews and an archived version of Trap Heals’ website. Two other activist groups Cullors led paid Trap Heals a collective $238,000 to produce an election night livestream and for consulting services, campaign finance records show.
In numerous public mentions of their work, Cullors and Turner did not disclose that they had a child together. But in at least one instance, Turner said Cullors was directly involved in Trap Heals’ partnership with BLM Global Network.
A Los Angeles-based jail reform group led by BLM co-founder Patrisse Cullors spent nearly $26,000 for “meetings” at a luxury Malibu beach resort in 2019, according to campaign finance records reviewed by the Daily Caller News Foundation.
Reform LA Jails dropped $10,179 for “meetings and appearances” at the Calamigos Guest Ranch and Beach Club in Malibu, California, and another $15,593 at the Malibu Conference Center, a corporate conference facility owned by the resort, according to the records, which covered the time period between July and September 2019. Guests at the 200-acre resort, where rooms start at $600 a night, have exclusive access to a private five-acre strip of the Malibu coast.
The records show that the payments were made on behalf of the jail reform group by a consulting firm owned by Asha Bandele, a longtime mentor of Cullors and co-author of her 2018 biography, “When They Call You a Terrorist: A Black Lives Matter Memoir.”