Black Lives Matter, the official non-profit organization, has approximately $60 million in cash on hand, and no one knows who is running the group.
This is attracting scrutiny from critics and even people who specialize in charities.
Non-profits in the United States are supposed to follow a strict set of rules and it’s not clear that BLM is following any of them.
No one even knows who is in charge.
The Washington Examiner reports:
BLM’s millions unaccounted for after leaders quietly jumped ship
No one appears to have been in charge at Black Lives Matter for months. The address it lists on tax forms is wrong, and the charity’s two board members won’t say who controls its $60 million bankroll, a Washington Examiner investigation has found.
BLM’s shocking lack of transparency surrounding its finances and operations raises major legal and ethical red flags, multiple charity experts told the Washington Examiner.
“Like a giant ghost ship full of treasure drifting in the night with no captain, no discernible crew, and no clear direction,” CharityWatch Executive Director Laurie Styron said of BLM.
BLM co-founder Patrisse Cullors appointed two activists to serve as the group’s senior directors following her resignation in May amid scrutiny over her personal finances. But both quietly announced in September that they never took the jobs due to disagreements with BLM. They told the Washington Examiner they don’t know who now leads the nation’s most influential social justice organization.
Paul Kamenar, counsel for conservative watchdog group the National Legal and Policy Center, said a full audit and investigation into Black Lives Matter Global Network Foundation, the legal entity that represents the national BLM movement, is warranted.
“This is grossly irregular and improper for a nonprofit with $60 million in its coffers,” Kamenar said.
This is not a good look.
NEW: No one appears to have been in charge of Black Lives Matter and its $60 million bankroll for EIGHT MONTHS.
One of BLM's only known board members took steps to conceal his ties to the charity after I started asking questions.
This story is WILD.https://t.co/tQhPrw3gHy
— Andrew Kerr (@AndrewKerrNC) January 27, 2022
It makes BLM look like a financial scam.