Shady Black Lives Matter Org Headed to Total Bankruptcy – Still Giving Seven Figure Salaries to Board Members and Co-Founder’s Family

As world famous comedian Dave Chappelle once said: “You hate to see it, but more than that, you love to see it.”

The Washington Free Beacon obtained tax documents Tuesday showing the Marxist Black Lives Matter Global Network Foundation (BLM GNF) plunged millions of dollars into the red. The BLM GNF was founded in November 2020 ostensibly to provide a more formal of structuring of the BLM Movement.

At the same time, BLM GNF is still doling out millions of dollars to relatives of its co-founder Patrisse Cullors and several board members. As the Daily Mail notes, Cullors resigned in May 2021.

Cullors once claimed that financial disclosures would be “triggering” and “unsafe.” Now we know what she wanted to cover up.

The Free Beacon reported:

Black Lives Matter Global Network Foundation ran an $8.5 million deficit and saw the value of its investment accounts plummet by nearly $10 million in the most recent tax year, financial disclosures show. The group logged a $961,000 loss on a securities sale of $172,000, suggesting the charity weathered a staggering 85 percent loss on the transaction.

These troubles didn’t stop BLM from doling out seven-figure contracts to friends and family of its former executive director Patrisse Cullors, who once said charity financial disclosures were “triggering” and “deeply unsafe.”

It’s no surprise that Cullors was so fearful of disclosing Black Lives Matter’s finances to the public. The revelations in Black Lives Matter’s latest Form 990 show that the group is on the fast track to financial insolvency, and that the excesses of Cullors’s tenure have not abated under her chosen successor, Shalomyah Bowers.

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