Black Lives Matter Hemorrhaged Cash in 2022, Tax Documents Show
The charity brought on a new board of directors last summer led by nonprofit adviser Cicley Gay, who has filed for Chapter 7 bankruptcy three times since 2005
By News on the Net -- The WASHINGTON FREE BEACON—— Bio and Archives--May 31, 2023
| Comments | Back To Full Article
Black Lives Matter bled cash and suffered blistering investment losses in 2022, according to a copy of its tax return obtained by the Washington Free Beacon.
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. These troubles didn’t stop BLM from doling out seven-figure contracts to friends and family of its former executive director Patrisse Cullors, who once said charity financial disclosures were "triggering" and "deeply unsafe." ---More...
Welcome to CFP’s Comment Section!
The Comment section of online publications is the new front in the ongoing Cancel Culture Battle.
Big Tech and Big Media are gunning for the Conservative Voice—through their Comment Sections.
Canada Free Press wishes to stay in the fight, and we want our fans, followers, commenters there with us.
We ask only that commenters keep it civil, keep it clean.
Thank You for your patience and for staying aboard the CFP ‘Mother Ship’.
READ OUR Commenting Policy