The Black Lives Matter Foundation has revealed more than $ 90 million in donations in the past year – despite the movement from ongoing fights about lack of funds.
The Black Lives Matter Global Network Foundation announced massive earnings late Tuesday – the first time BLM has revealed its finances in its nearly eight-year history.
With $ 8.4 million in expenses and $ 21.7 million for local chapters, the group finished in 2020 with an “estimated balance of $ 60 million”, it said in a Statement of effect.
“We are no longer a small, scary movement. We are an organization.
“We are entering previously unimaginable places.”
Financial disclosure led to # BLM10 and people in New Jersey and the Hudson Valley, with a group of 10 chapters, divided in November, amid public tensions growing in the network of activists, while publicly discussing this financial transparency, key to decision making Replace the organization. And accountability. “
“To the best of our knowledge, most chapters have not received any financial support from BLMGN since its launch in 2013,” emphasized 10 chapters Public demand for “accountability”
Prior to his death in FY 2016, BLM lacked funds despite receiving donations from A-list celebrities such as BOMCE, Jay-Z and – Prince, The Associated Press noted.
BLM co-founder Patrice Kulsars – the Foundation’s executive director – stressed that financial growth in 2020 was fundamentally different from previous years, however, without releasing further records.
“Because the BLM movement was larger than life – and it is larger than life – people made very big assumptions about what our real finances looked like,” Colors told AP.
“We were often splurging for money, and this year was the first year where we were revived the way we were worth.”
The foundation said the donation exploded after the May 2020 death of George Floyd, whose death occurred below the knee of a white Minneapolis police officer in protests in the US and around the world.
The report noted that the BLMGNF website was matched with online interest with 1.9 million visitors on June 2 – an increase of nearly 5,000 percent on the most trafficked day in March.
The BLM vowed to use the money to become more active.
The report states that black people have waited for more than 400 years — to be seen, heard, to live in a world where their lives are fundamentally valued.
“Despite the strength of our movement, this remains to be done. Our demands continue to be ignored. As an organization that supports this movement, we have decided that we will wait longer. “
Kullars told the AP that an important focus was now on “the need to reinvest in black communities”.
In an interview, he said, “Our biggest goal this year is the dollars we were raising in 2020 and were able to build the institution we were trying to build for the last seven and a half years.”
With post wires