AP Exclusive: Black Lives Matter opens up about its finances
The BLM organization took in just over $90 million last year, according to a financial statement shared with the AP
NEW YORK (AP) — A financial snapshot shared exclusively with The Associated Press shows the Black Lives Matter Global Network Foundation took in just over $90 million last year.
The foundation widely seen as a steward of the Black Lives Matter movement said individual donations averaged $30.76 in 2020.
The foundation committed $21.7 million in grant funding to BLM chapters and other Black-led local organizations and ended the year with a balance of more than $60 million.
This marks the first time in the movement’s nearly eight-year history that BLM leaders have revealed a detailed look at their finances amid criticism that they have operated with little public transparency.