Socio-Political-Journal... 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.
"The Black Lives Matter Global Network Foundation, largely seen as a driving force behind the Black Lives Matter Movement, took in just over $90 million last year, according to a financial snapshot obtained by AP.
"The organization is reportedly looking to build out its infrastructure to catch up to the speed of its funding and plans to use its endowment to become known for more than protests related to Black Americans dying at the hands of police or vigilantes.
" 'We want to uplift Black joy and liberation, not just Black death. We want to see Black communities thriving, not just surviving,” an impact report from the foundation shared with AP read." . . .
. . . "The BLM foundation was granted nonprofit status with the Internal Revenue Service in December, allowing the organization to receive tax-deductible donations directly. In the near future, BLM will also reportedly be required to file public 990 forms, revealing details of its organizational structure, employee compensation, programming and expenses.
" '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,” Melina Abdullah, co-founder of BLM’s first ever chapter in Los Angeles, told AP. “We’re turning a corner, recognizing that we have to build institutions that endure beyond us.' ”
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