Black Lives Matter, the organization, has found itself out of the black and into the red as their horrible money management skills have proved to be the charity’s major downfall.
For years, it’s been known that BLM has really stood for “Buy Large Mansions” as Patrisse Cullors, the organization’s founder, has used a large portion of the charity money, which she calls “white guilt money,” to enrich herself as well as her friends and family.
Now, according to the Washington Free Beacon, the charity is about to become completely insolvent after spending millions to enrich the founders.
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.
In other words, BLM raked in millions and millions of dollars, distributed a little to some local organizations, but mostly just spent that money on themselves… bankrupting the organization in the process.
One thought on “BLM headed quickly toward bankruptcy, founders still receiving MILLIONS in salaries and benefits”
It’s time to do a Five-year audit on all parties involved. Let’s start with The Racketeer Influenced and Corrupt Organizations (RICO) Act is a United States federal law that provides for extended criminal penalties and a civil cause of action for acts performed as part of an ongoing criminal organization
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