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The Independent UK
The Independent UK
National
Aaron Morrison

New Black Lives Matter tax documents show foundation is tightening its belt, has $30M in assets

Black Lives Matter BLM Shalomyah Bowers IRS Patrisse Cullors
Copyright 2022 The Associated Press. All rights reserved.

A national Black Lives Matter nonprofit, whose philanthropic fortunes grew almost overnight during historic racial justice protests three years ago, raised just over $9 million in its last fiscal year, new IRS tax filings show.

That’s significantly less than the $79 million in revenue reported in a previous tax filing of Black Lives Matter Global Network Foundation Inc. On Friday, the foundation said it expected that would be the case, given the unique factors surrounding the public response to the murder of George Floyd in 2020.

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