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This is how much money BLM raked in last year

A financial statement, reviewed by the AP, revealed that the BLM Global Network Foundation raked in a whopping $90 million last year

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As many its supporters rioted, looted and destroyed businesses and burnt cities to the ground, Black Lives Matter raked in tens of millions of dollars in 2020, according to a detailed examination of the organization’s finances. 

A financial statement, reviewed by the Associated Press, revealed that the Black Lives Matter Global Network Foundation raked in a whopping $90 million last year. 

And with funds continuing to grow exponentially, the global network wants to build its infrastructure to become more widely known, BizPacReview reports. 

“We want to uplift black joy and liberation, not just black death. We want to see black communities thriving, not just surviving,” said an impact report. 

While Black Lives Matter gained explosive media attention this summer, the organization is not new. Their notoriety first came about in 2014 surrounding the death of Eric Garner, then they became the center of media attention again in 2020 following the death of Gorge Floyd. 

The global foundation told the Associated Press that $21.7 million was committed to grants for both official and unofficial chapters around the country, as well as 30 black-led groups. 

So, after spending nearly a quarter of its assets on the grants, the foundation ended the 2020 year with more than $60 million. 

The organization said individual donations through its main fundraising platform averaged $30.76. Several major businesses and corporations have given money to the organization, including DoorDash, Deckers, Amazon, Gatorade, Microsoft, 23andMe, AirBNB, Glossier, Nabisco, Dropbox, Fitbit, Tinder and Cisco. 

However, foundation officials refused to identify the group’s most prominent donors. Additionally, the report does not state specifically where the money went, though around $8.4 million was put towards expenses. 

“One of our biggest goals this year is taking the dollars we were able to raise in 2020 and building out the institution we’ve been trying to build for the last seven and a half years,” co-founder Patrisse Cullors told the Associated Press

Organization leaders admitted that in recent years, the organization hasn’t been transparent when it comes to its finances, but that an effort is now being made to be more open.

But, it remains unclear how the organization was able to rake in $90 million in just one year.

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6 Comments

6 Comments

  1. Donna

    February 24, 2021 at 2:04 pm

    REALLY? GREAT! NOW PROSECUTORS NEED TO INDICT, FREEZE ALL ASSETS AND TAKE THEM TO COURT OVER AND OVER AND OVER AND OVER!

  2. Carl

    February 24, 2021 at 2:18 pm

    How much was spend on funding riots?

  3. Al Lemons

    February 25, 2021 at 11:08 am

    I can tell you specifically that Northrop Grumman gave one million to BLM.

  4. Larry D

    February 25, 2021 at 1:11 pm

    What about the $9 Billion their actblue website says they have???

  5. Mich

    February 27, 2021 at 3:50 pm

    Well, I guess they are on a good start to have enough for their reparations then, huh? Js

    • H. Jones

      March 10, 2021 at 10:25 am

      My thoughts! You collect money for a cause, give the money to that cause. And sure, they do not want to name all their funding sources. Would be telling to reveal how much money came from global billionaires like George Soros.

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Politics

Biden’s Energy Secretary Violated Stock Disclosure Laws 9 Times Last Year

A spokeswoman for Granholm said that the late disclosures were the fault of a “clerical error”

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Photo by JIM WATSON/POOL/AFP via Getty Images

Energy Secretary Jennifer Granholm sold shares of stock 9 times last year between April to October, but did not disclose the sales “within the legally required 45-day window, according to federal disclosure documents”, reports CNBC.

The shares of stock were worth up to $240,000. A spokeswoman for Granholm blamed a “clerical error” saying the secretary paid a late filing fee. Granholm did not file any of the 9 disclosures until December after legal deadlines for all had passed.

The STOCK Act has been in place since 2012, which “expanded the accountability and reporting requirements for financial holdings, both for members of Congress and high-level employees of the Executive Branch like Granholm” reports CNBC.

“The news of Granholm’s apparent violations comes at a time when stock sales by public officials and members of Congress are getting a fresh look” reports CNBC. “During the past week, several members of Congress, both Democrats and Republicans, have introduced or reintroduced legislation that would effectively ban lawmakers and their immediate family members from actively trading stocks while the member is in office.”

According to an analysis by Business Insider’s Dave Levinthal published earlier this month, a total of 54 members of Congress violated the STOCK Act rules just last year alone.

CNBC reports on the suspicious behavior of Granholm:

When President Joe Biden nominated her to be his energy secretary, Granholm signed a detailed Ethics Agreement in which she agreed to give up part-time jobs at the University of California and at CNN, step down from several boards, and sell millions of dollars worth of stock.

On March 22, she reported 23 stock sales, many of them blue-chip companies she had more than $10,000 of shares in.

A few months later in May, Granholm filed more transaction reports detailing how she had exercised stock options in the electric bus and battery company Proterra and then sold all her shares, worth between $1 million and $5 million, on May 24.

But in between the March blue chip sales and the May Proterra sale, Granholm made 6 of the 9 stock sales that didn’t get disclosed until December.

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Politics

Trump Says Reports On A Conflict With DeSantis Are ‘Fake News’

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Ron DeSantis

During a Fox News interview on Thursday, former President Donald Trump shot down recent reports claiming that there were rising tensions between the former president and Florida Governor Ron DeSantis, saying it was “fake news” and that DeSantis has “done a really terrific job in Florida.”

Trump’s comments came in response to an article from The New York Times claiming that Trump had a “long-stewing resentment” toward DeSantis.

“For months, former President Donald J. Trump has been grumbling quietly to friends and visitors to his Palm Beach mansion about a rival Republican power center in another Florida mansion, some 400 miles to the north,” The New York Times wrote. “Gov. Ron DeSantis, a man Mr. Trump believes he put on the map, has been acting far less like an acolyte and more like a future competitor, Mr. Trump complains. With his stock rising fast in the party, the governor has conspicuously refrained from saying he would stand aside if Mr. Trump runs for the Republican nomination for president in 2024.”

Hannity said that he was recently told that DeSantis does not think there has been “any conflict or bickering” between the two and that the report was “total BS” from the mainstream media.

“Is he right?” Hannity asked.

“Well, he is right,” Trump responded. “I get along great with Ron. Ron was very good on the Mueller hoax. He was right up front along with Jim Jordan, and all of the rest of them, they were fantastic. The Republicans really stuck together. And it was a great thing. And Ron was one of them. And Ron wanted to run and I endorsed him. And that helped him greatly.”

“And he went on and he’s done a really terrific job in Florida, and I think you know, Ron has been very good,” Trump continued. “He’s been a friend of mine for a long time. It’s totally fake news. I think Ron said last week, he said it very publicly, he says the press is never going to get in the middle of my friendship with Donald Trump, we’re not going to do that stuff. And he said it very strongly, I thought it was very interesting, actually. And very nice. But he said that, and I agree with him on that 100%. No, I have a very good relationship with Ron and intend to have it for a long time.”

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