A recent tax filing from the group shows that by the middle of last year, more than half of that money had been granted to smaller organizations or spent on consultants and real estate, leaving the foundation with $42 million in assets. Were turning a corner, recognizing that we have to build institutions that endure beyond us., becameeligible in July for financial resources through a $12 million grant fund. Always exhausted? Klansmen patrolled Anaheim in white hoods and robes during the 1920s; in 1993, a Los Angeles Times headline asked if Huntington Beach was the "skinhead capital of the country.". They learned from Jackson and Sharpton. The BLM Movement was born in 2013, after George Zimmerman was acquitted of murder in the killing of 17-year-old Trayvon Martin; the global network was created shortly after and, today, has more . A group of 10 chapters, called #BLM10, rejected the foundation's funding offer, and proceeded to complain publicly about the foundation's lack of transparencyin a letter released Nov. 30. "For years there has been inquiry regarding the financial operations of BLMGN and no acceptable process of either public or internal transparency about the unknown millions of dollars donated to BLMGN, which has certainly increased during this time of pandemic and rebellion," the letter states. However,AP noted that the foundation's report does not state where the money went in 2020 and that BLM leaders declined to name prominent donors. 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Garza and Tometi do continue to make appearances as movement co-founders. That has had adverse consequences for the scope of their organizing work, local chapter leaders told the AP. Companies have made extraordinary pledges of support to Black Lives Matter initiatives, while many have stepped up support for black workers and communities 'Were turning a corner, recognizing that we have to build institutions that endure beyond us,' Abdullah told the AP. Furthermore, no one can track what BLM is actually doing with any funds they receive to further the cause, or determine how much is raised by them annually, etc. According to 2017 tax filings, the organization procured $279,000 in donations that year. BLM co-founder Patrisse Cullors told the AP that the foundation is focused on a 'need to reinvest into Black communities.'. Last year Black Lives Matter Inc. raked in tens of millions-of-dollars as cities around the country were burned in riots, totaling more than $1 billion in damage. In 2015, a network of chapters was formed, as support and donations poured in. 2. This is not the equity and financial accountability we deserve.". The #BLM10 said the amounts given have been far from equitable when compared to how much BLM has raised over the years. Foundation leaders reportedly say only a few of the 10 chapters are recognized as network affiliates. Records show some chapters have received multiple rounds of funding in amounts ranging between $800 and $69,000, going back as far as 2016. "I'm a college professor, first of all," she claimed. The Black Lives Matter Global Network Foundation (BLMGNF) said in the report that it raised over $90 million in 2020 alone, giving about a quarter of it nearly three times the industry norm to BLM chapters and local organizations. At the same time, opponents of Black Lives Matter have tried to portray spending by one of the groups founders as evidence of widespread mismanagement in a manner that appears intended to impugn the cause of racial justice as well as the group. The chapters, along with other Black-led local organizations, became eligible in July for financial resources through a $12 million grant fund. You mentioned companies. The foundation told AP thatit committed $21.7 million in grant funding to official and unofficial BLM chapters, as well as 30 Black-led local organizations. We are no longer accepting comments on this article. Quick Take. For the first time in the Black Lives Matter movement's nearly eight year history, leaders of the organization have shared a detailed look at their finances. One of its focuses for 2021 will be economic justice, particularly as it relates to the ongoing socioeconomic impact of COVID-19 on black communities. Since black people were in the hurricane. Black Lives Matter Chicago organizer Ariel Atkins went viral in early August for calling the looting of downtown stores a form of "reparations.". EXCLUSIVE 'I've been paid well for it': Boy George says he'll be crowned Queen of the I'm A Celeb jungle if Greenpeace activists who blocked oil terminal to force tanker full of Russian diesel to U-turn tell court French Parliament suspended after black MP is told to 'Go back to Africa' by far-Right opponent. But no one seems to know how most of that money has been spent. Black folks have waited over 400 yearsto be seen, to be heard, to live in a world where their lives are fundamentally valued, the report stated. We want to see Black communities thriving, not just surviving, an impact report from the foundation shared with AP read. Questions of spending arose earlier this year after tens of millions of dollars were raised following . The Black Lives Matter foundation has revealed it received more than $90 million in donations last year despite the movement being splintered by ongoing feuds about the lack of funding. We want to uplift Black joy and liberation, not just Black death. Part of the Daily Mail, The Mail on Sunday & Metro Media Group. Black Lives Matter chapters call for transparency. Several chapters, including those in cities includingWashington, Philadelphia and Chicago, were notified last year of their eligibility to receive $500,000 each in funding under a multiyear agreement, according to records shared with AP. Despite the strength of our movement, this has yet to happen. After the demonstrations and the riots, over 600 riots in which Black Lives Matter was involved in 2020, critical race theory and an attempt to change the . "BLM did not create or build this new grassroots movement against police brutality and racism, they capitalized off a nameless groundswell of resistance sweeping the nation, branded it as their own, and profited from the deaths of Black men and women around the country without seriously engaging, as a national formation, in getting justice for . As a subscriber, you have 10 gift articles to give each month. In the near future, that also will require the foundation to file public 990 forms, revealing details of its organizational structure, employee compensation, programming and expenses. That same year, the organization's first chapter was formed in Los Angeles with the help ofMelina Abdullah,a professor of Pan African Studies, according to the BBC. Did you encounter any technical issues? It obtains funds through PayPal . Square Enix. However, AP noted that the foundation's report does not state where the money went in 2020 and that BLM leaders declined to name prominent donors. BLMGNF said it had raised more than $90 million in 2020. For example, the foundation told AP that itsfiscal sponsor currently managing the organization's money is requiresspending to be approved by a collective action fund that has a board made up of BLM chapter representatives. How much time do some of y'all spend obsessing over BLM. Facebook Employee Fired for . Black Lives Matter, a movement against systemic racism, began in 2013 after George Zimmerman, a neighborhood watch volunteer in Florida, was acquitted in the shooting death of 17-year-old Trayvon . "We were often scraping for money, and this year was the first year . But in the 2020 Impact Report released this week by the Black Lives Matter Movement, historic numbers speak volumes. She is the principal at Black Futures Lab, an organization that develops public policy and helps educate elected officials about legislation that improves the lives of Black people. Blackness as . A group of 10 chapters, called the #BLM10, rejected the foundations funding offer last year and complained publicly about the lack of donor transparency. In 2018 oil and gas development on Bureau-managed lands supported over 470,000 jobs nationwide and contributed $105 billion to the economy. W ith nearly $100 million raised last year alone, some left-wing activists are asking the Black Lives Matter Global Network Foundation to give money back to individuals who say they made the . Protesters representing Black Lives Matter and Protect the Results march in Seattle in November. Its because of Cullors, Garza and Tometis vision, along with the work of so many Black organizers in the ecosystem, that the BLM movement finds itself at a new phase of its development, said Melina Abdullah, co-founder of BLMs first ever chapter in Los Angeles. It incurred $8.4 million in operating expenses, distributed $21.7 million in grants to more than 30 organizations, and retained some $60 million in its coffers. That's the true goal of BLM leadership. BLM presents a litany of political demands, but it's not so political that government employees can't don its paraphernalia at work. Opal Tometi attends A Special Screening of Queen & Slim presented by Universal Pictures at Metrograph in 2019. James Keivom for New York Post. Last year, the Black sports journalist Jason Whitlock was among those to seize on the controversy about the amount of money being raised by BLMGNF. The corporate language you should AVOID at all costs! BLM co-founder Patrisse Cullors, who became the global foundations full-time executive director last year,told AP the organizationis focused on a need to reinvest into Black communities.. This revolutionary plant-powered energy supplement will give you your bounce back, Growing up amid war: children of conflict, and how one charity is fighting for their futures. The donations exploded following the May 2020 death of George Floyd, whose death under the knee of a white Minneapolis police officer sparked protests across the US and around the world, the foundation said. 'In exchange for getting tax exempt status, you as an organization committed to providing a greater level of transparency to confirm you are fulfilling your mission,' he said. The foundation's coffers and influence grew immensely following the May 2020 death of George Floyd, a black man whose last breaths under the knee of a white Minneapolis police officer sparked protests across the U.S. and around the world. We built this, each one of us,' she said. Black Lives . The #BLM10 said the amounts given have been far from equitable when compared to how much BLM has raised over the years. CANDACE Owens claimed Black Lives Matter was a "Democrat scam" from the beginning to secretly funneling money to Joe Biden. The BLMGNF did not respond to questions. The report does not state who gave the money in 2020, and leaders declined to name prominent donors. This material may not be published, broadcast, rewritten, or redistributed. The protests against police brutality and systemic racism have seen several American and international celebrities donate to U.S. nonprofits and organizations dedicated to racial justice. 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In order to do that, we need to demonstrate that our financial house is in order.. Still, the #BLM10 members saythat there is a discrepancy between reality and what the BLM movement's founders are saying. Fellow co-founders Alicia Garza, who is the principal at Black Futures Lab, and Opal Tometi, who created a Black new media and advocacy hub called Diaspora Rising, are not involved with the foundation. One of our biggest goals this year is taking the dollars we were able to raise in 2020 and building out the institution weve been trying to build for the last seven and a half years, she said. With $8.4 million in expenses and $21.7 million committed to local chapters, the group ended 2020 with an approximate balance of $60 million, it stated in an impact statement.
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