Black Lives Matter has nearly $42 million in assets: IRS documents
Lawrence Richard
Tue, May 17, 2022
The Black Lives Matter organization is valued in the tens of millions of dollars, according to its latest tax filing with the Internal Revenue Service.
According to 63-pages of tax documents acquired by the Associated Press, executives of the Black Lives Matter Global Network Foundation Inc. have nearly $42 million in assets, despite spending more than $37 million from July 2020 to June 2021.
The $37 million was spent on grants, real estate, consultants and other expenses.
BLM received $90 million in donations amid the 2020 protests and riots that were carried out in major cities across the U.S. following the death of George Floyd. The foundation reports it invested $32 million in stocks from the $90 million in donations, according to the tax documents. https://news.yahoo.com/black-lives-matter-nearly-42-081000069.html
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