Counselor706
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SourceUnable to accept the avalanche of money sent its way, BLM channeled donations through Thousand Currents and the Tides Foundation until the IRS approved its application for nonprofit status in December 2020. Around that time, Thousand Currents transferred $66.5 million to BLM — a transaction personally signed off on by BLM co-founder Patrisse Cullors.
Cullors later issued the organization’s first-ever “impact report” in February 2021, claiming that the organization had raised over $90 million in 2020, spent $8.4 million on operating expenses, and given out $21.7 million to local BLM chapters and affiliated organizations. But these were just top-line numbers in a flashy communications product. No details were given on who was specifically paid what.
Just three months later, Cullors left BLM, claiming that she wanted to focus on other projects. She adamantly denied charges that she left the organization due to media reports that she had recently purchased millions of dollars' worth of real estate for herself.
The people who donated to BLM deserve to know where their money went. So do the people who live in communities that have been devastated by violence. Congress should investigate, and perhaps it will starting next January.