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May 20, 2022

Report: BLM Co-Founder Spent Millions on Friends, Family

By T. Thompson In Featured, Latest News with Comments Off on Report: BLM Co-Founder Spent Millions on Friends, Family

Tax documents filed with the Internal Revenue Service reveal that Black Lives Matter co-founder Patrisse Cullors used millions of donated dollars to pay friends and family for various services.

Paul Cullors, Patrisse’s brother, received $840,000 for alleged security services rendered to the organization, according to the 63-page Form 990.

The organization also paid a hefty sum to Damon Turner, the father of Cullors’ child, roughly $970,000 for alleged “creative services.”

BLM’s fiscal year — July 1, 2020, to June 30, 2021 — ended with $42 million in assets.

Tax filings show that the organization received $90 million in donations, with BLM spending more than $37 million on grants, real estate, and private flights. Another $32 million was invested in the stock market.

According to a report from the New York Post, organizers claim that the “investment is expected to become an endowment in a bid to ensure the foundation’s work continues in the future.”

BLM’s Form 990 shows that more than $25 million was written off as grants to organizations and families.

“Transparency and accountability is so important to us, but so is trust,” said board chair Cicley Gay. “Presenting [donor] names after the fact, at this point, would likely be a betrayal of that trust.”


Source:

Tax filings reveal how BLM co-founder spent charity funds

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