AP Exclusive: Black Lives Matter has $42 million in assets
apnews.com
NEW YORK (AP) — The foundation started by organizers of the Black Lives Matter movement is still worth tens of millions of dollars, after spending more than $37 million on grants, real estate, consultants, and other expenses, according to tax documents filed with the IRS.

This is what happens when you donate to a lib organization, they’ve definitely done a few good things w the money but really weird uses including basically a content house, paying consultants millions who were family / closely related to the people in charge of the $ and having a ton of money in stonks

  • Quimby [any, any]
    ·
    2 years ago

    Idk... reading the article, I have mixed feelings. I do think there is something to be said for the idea of "decolonizing philanthropy" and letting people organize, even if it's a bit rough around the edges. And it does sound like a lot of money is going to local orgs, which is a good thing.

    But it also sounds like there is probably some amount of overcompensation and self dealing... but, bigger and whiter orgs often get more of a pass for the same thing... but, that also doesn't excuse it...

    • LeninsRage [he/him]
      ·
      2 years ago

      Becoming part of the NGO-industrial complex won't "decolonize" anything, it just means you either sell out or start scamming the people who actually care.

      Not trying to sound harsh but this is essentially how the system absorbs genuine grassroots activists and turns them into cogs. I think Adam Johnson has made comments this was his experience working for some prison abolition/reform NGO in San Francisco as well.

    • P00h_Beard [comrade/them]
      ·
      2 years ago

      Philanthropy is a part of colonization. You have to eliminate philanthropy through decolonization.