BLM Is About To Go Bankrupt Says Reports

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The global organization Black Lives Matter, a nonprofit that skyrocketed in 2020, is in big financial trouble.

Financial disclosures show that BLM Global Network Foundation is $8.5 million in the red.

Despite the organization’s financial issues, BLM GNF still hires relatives of the founders and board members.

For example, founder Patrisse Cullor’s brother Paul established two companies that were paid $1.6 million to provide “professional security services” in 2022.

The previous year, tax reports showed that BLM paid Damon Turner, father of Patrisse’s child, almost $970,000 to help “produce live events” and “creative services.”

Despite Patrisse resigning in May of 2021 due to her mismanagement of funds, she still seems to keep everything inside the family.

“While Patrisse Cullors was forced to resign due to charges of using BLM’s funds for her personal use, it looks like she’s still keeping it all in the family,” said Paul Kamenar, an attorney for the National Legal and Policy Center watchdog group.

From the Dailymail:

Shalomyah Bowers, who took over from Cullors when she resigned, also benefitted handsomely from the group: in 2022, his consultancy firm was paid $1.7 million for management and consulting services.

And the sister of former Black Lives Matter board member Raymond Howard was also employed in a lucrative role as a consultant.

Shalomyah Bowers, who took over from Cullors when she resigned, also benefitted handsomely from the group: in 2022, his consultancy firm was paid $1.7 million for management and consulting services.

And the sister of former Black Lives Matter board member Raymond Howard was also employed in a lucrative role as a consultant.

In May of 2022, it was exposed that BLM had spent over $12 million on luxury properties in Los Angeles and Toronto.

Cullors did relent to the Associated Press that she was “ill-equipped” to handle the $90 million flood the organization brought in after George Floyd died.

The board at BLM is not piloted by nonprofit adviser Cicley Gay, who has filed for Chapter 7 bankruptcy three times since 2005.

Hey, at least they brought in an expert. 

Concerns over the group’s finances have been growing for years, and it’s all catching up with them.