BLM report shows it brought in more than $90 million last year

by Jenny Mount · Feb 25th, 2021 4:50 pm
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Last Updated Feb 26th, 2021 at 9:08 am

A recent report released by the Black Lives Matter Foundation shows that the movement brought in more than $90 million last year.

The disclosure of the financial report comes after the foundation faced backlash from all sides, including local Black Lives Matter chapters, who said that they had seen little financial support from the national organization.

The report revealed that most of the funds raised by the foundation was from small donations.

The break-down of finances, according to an impact report, includes $8.4 million dollars in expenses that are for "staffing, operating and administrative expenses, civic engagement, programs and field expenses, rapid response, and crisis intervention."

Patrisse Cullors, BLM co-founder, said that the foundation is focused on a "need to reinvest into Black communities."

"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," Cullors said.

The foundation also gave $22 million in grants to local BLM chapters and other black-owned U.S. businesses.

"We know systemic change takes time, so we're in it for the long haul. In the meantime, we need to immediately support our Black communities through our own forms of funding and grantmaking," the report said.


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