For the first time in the Black Lives Matter movement’s nearly eight year history, leaders of the organization have shared a detailed look at their finances.
The Black Lives Matter Global Network Foundation, largely seen as a driving force behind the Black Lives Matter Movement, took in just over $90 million last year, according to a financial snapshot obtained by AP.
The organization is reportedly looking to build out its infrastructure to catch up to the speed of its funding and plans to use its endowment to become known for more than protests related to Black Americans dying at the hands of police or vigilantes.
“We want to uplift Black joy and liberation, not just Black death. We want to see Black communities thriving, not just surviving,” an impact report from the foundation shared with AP read.
Black Lives Matter’s influence and funding grew immensly following the death of George Floyd on May 25, 2020. The death of Floyd, a Black man killed at the hands of Minneapolis police, sparked protests across the nation and around the world.
However, BLM’s growth also reportedly led to tension among the movement’s grassroots organizers and leaders, with the former group publicly airing their grievances about the foundation’s financial transparency, decision-making and accountability.
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