by Frank Holmes, reporter
One of the wealthiest and most celebrated institutions on the Left has fallen on hard times.
After becoming the most successful left-wing organization in America, Black Lives Matter has seen its donations by an incredible 88 percent.
It’s a massive drop after the group climbed to the top of the fundraising mountaintop in 2020.
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After the death of George Floyd, every institution in society emailed its customers that the group supports Black Lives Matter.
“That was a lot of white guilt money,” Patrisse Cullors, one of BLM’s three co-founders, told MSNBC last year.
All told, BLMGNF brought in $90 million in donations in the 2021 fiscal year, which began in 2020.
But now the Marxist organization only collected a tiny fraction of that—$9.3 million—according to records first seen and reported by the Washington Free Beacon.
Donations to BLM and its “mostly peaceful protesters” have dried up thanks to a long series of financial scandals and reports exposing its radical, socialist message.
As fiery protests engulfed America’s blighted urban areas, video surfaced of Cullours admitting she and BLM’s co-founders “are trained Marxists.”
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Then reports broke that the BLM organizers used the windfall to enrich themselves, not to help out black victims of police brutality, much less black crime victims in general.
BLM tried to hide financial records that it bought a $6 million luxury mansion in Los Angeles as an official headquarters. The co-founders released a video of themselves drinking wine and other drinks to “celebrate” the one-year anniversary of Floyd’s death.
Cullors cashed in first, snapping up four mansions in two states worth more than $3.2 million.
BLMGNF made an $8 million “grant” to buy a mansion for its Canadian chapter, which is led by Cullors’ legally wedded wife, Janaya Khan.
Apparently, no one wants to underwrite Patrisse Cullours’ mortgages.
BLM then paid $840,993 to Cullors’ brother, Paul Cullors, to provide “professional security services.” That likely makes him the highest-paid former graffiti artist turned security guard in America.
Another close Cullors buddy, Shalomyah Bowers, a total of $10 million in fees and more than $2 million for managing the organization. Bowers is now part of a massive lawsuit, saying his work ruined the group’s reputation. “His actions have led [Black Lives Matter] into multiple investigations by the Internal Revenue Service and various state attorney generals, blazing a path of irreparable harm to BLM in less than eighteen months,” legal documents say.
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The father of Cullors’ baby—Damon Turner—$970,000 from BLM donors to provide “creative services” for the group.
But rank-and-file BLM members who got burned say the group’s most creative work is its creative accounting
Local chapter affiliates started criticizing BLM’s broken promises and financial secrecy years ago but went public in late 2020.
“For years, there has been inquiry regarding the financial operations of (Black Lives Matter Global Network Foundation) and no acceptable process of either public or internal transparency about the unknown millions of dollars donated to BLMGN,” read a “Statement from the Frontlines of BLM” released by local affiliates in late 2020.
For years, Black Lives Matter Global Network (@Blklivesmatter) has undermined the work & integrity of local chapters — including BLM DC.
Today we went public. Read our statement here: https://t.co/VTbu2aZzds #BlackLivesMatter #BLM10
— Black Lives Matter DC (@DMVBlackLives) November 30, 2020
Pretty soon, states as liberal as Washington and California banned BLM from fundraising until its leaders finally start following the law and got its financial house in order.
That upset Cullors.
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Federal laws and regulations demanding that nonprofits use donations for charity are “deeply unsafe. This is being literally weaponized against us, against the people we work with,” Cullors said. “It’s triggering.”
But BLM leaders dismissed the need to come clean about how it spent Americans’ millions.
“Who the f**k are you? You ain’t done s**t,” BLM leader Melinda Abdullah told New York Magazine. “I don’t need to be accountable to you. I don’t know what accountability looks like with people that I don’t know and have never talked to.”
If they don’t want to talk, donors don’t want to talk to BLM, either.
Frank Holmes is a veteran journalist and an outspoken conservative that talks about the news that was in his weekly article, “On The Holmes Front.”