For the first time since the Black Lives Matter (BLM) movement started, the BLM Global Network Foundation have allowed the Associated Press to view their financial records. Although this is an important step towards transparency, commentators remain sceptical.
After the death of George Floyd in May 2020, BLM took advantage of growing public outrage and increased their finances immensely. The organization ended 2020 with a balance of more than $60 million, while boasting that they funded nearly $21 million to local BLM chapters.
The issue of concern is that the BLM foundation refuses to name who their elite funders are. While BLM co-founder Patrisse Cullors claims that they plan ‘to reinvest into Black communities’, those local activists in these communities remain unconvinced because they have received little or no financial support from this BLM movement.
Since the BLM movement does not even have to pay taxes, questions remain about its transparency and sincerity in its fight for ‘racial justice’.