AP Exclusive: Black Lives Matter opens up about its finances
By AARON MORRISON
NEW YORK (AP) — The foundation widely seen as a steward of the Black Lives Matter movement says it took in just over $90 million last year, according to a financial snapshot shared exclusively with The Associated Press.
The foundation said it committed $21.7 million in grant funding to official and unofficial BLM chapters, as well as 30 Black-led local organizations. It ended 2020 with a balance of more than $60 million, after spending nearly a quarter of its assets on the grant funds and other charitable giving.
Last year, the foundation’s expenses were approximately $8.4 million — that includes staffing, operating and administrative costs, along with activities such as civic engagement, rapid response and crisis intervention.
https://apnews.com/article/black-lives-matter-90-million-finances-8a80cad199f54c0c4b9e74283d27366f