3/25/2023 0 Comments Blm finances![]() Nevertheless, this will soon be made clear upon the release of the BLM 990s. ![]() I have never misappropriated funds, and it pains me that so many people have accepted that narrative without the presence of tangible truth or facts. I want to be clear: While I will always see myself as a part of the BLM community, I am no longer in leadership, and I am not a part of any decision-making processes within the foundation. I do not own the property, have never lived there and made that clear to the reporter. The reason it wasn’t announced prior is not nefarious as the headline infers, the property needed repairs and renovation. Although I cannot speak to how BLMGNF uses the property currently as I left the organization last year in May, it was purchased to be a safe space for Black people in the community. To clarify again, the property the reporter addressed was purchased in 2020 as a space where those within the Black Lives Matter Global Network Foundation (BLMGNF) and broader movement community could work, create content, host meetings and foster creativity. That fact that a reputable publication would allow a reporter, with a proven and very public bias against me and other Black leaders, to write a piece filled with misinformation, innuendo and incendiary opinions, is disheartening and unacceptable. Journalism is supposed to mitigate harm and inform our communities. "Yesterday’s article in New York Magazine is a despicable abuse of a platform that’s intended to provide truthful information to the public. She did not respond, but has the following statement posted on her Instagram page: We reached out to Patrisse Cullors, who stepped down as BLMGNF Executive Director last year. The tweets say more than $25 million have been given to Black-led frontline organizations, and to support families impacted by COVID and police violence. As a common practice, the organization refrains from discussing its security operations."īLMGNF says it will have more updates in the coming weeks, and referred us to statements posted on the Black Lives Matter Twitter account, reading in part, "BLMGNF is working diligently to increase operations transparency, including an internal audit, tightening compliance operations, and creating a new board to help steer the organization to its next evolution." The Black Lives Matter Global Network Foundation has faced numerous safety threats, both online and in person. We ask that the exact physical address remain private as we continue to address security concerns facing the organization and its leadership (past and present). Providing housing is an established practice for creators and artists. The fellowship provides recording resources and dedicated space for Black creatives to launch content online and in real life focused on abolition, healing justice, urban agriculture and food justice, pop culture, activism, and politics. ![]() BLMGNF formed an LLC to take ownership of the property, which is customary in real estate transactions to avoid exposing BLM’s assets to any litigation or liability. Perkins Coie and Dyane Pascall were engaged to assist with the closing of the acquisition. ![]() The property does not serve as a personal residence. BLMGNF has and continues to utilize the space for programming and leadership off-sites. The organization always planned to disclose the property on the upcoming 990 due May 15th as part of BLMGNF’s ongoing transparency efforts. The acquisition of the property is in furtherance of BLM’s mission and any ancillary usages that the organization determines is needed. The organization remains dedicated to radical Black philanthropy and support of artists who contribute their talents to raising awareness for the movement. "Black Lives Matter Global Network Foundation purchased the property referenced in your inquiry with the intention for it to serve as housing and studio space for recipients of the Black Joy Creators Fellowship. We reached out to BLMGNF, which sent us the following statement from board member Shalomyah Bowers regarding the California property: "That was in October 2020 and the public is still waiting for any kind of accountability of that money in an official document like a tax filing or an audit." "It didn’t actually have any financial activity until 2020 when it received over $60 million from its current fiscal sponsor," said Laurie Styron, Executive Director of.
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