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.”