Reply to thread

Message

<blockquote data-quote="Babagounj" data-source="post: 5185764" data-attributes="member: 12952">[URL unfurl=&quot;true&quot;]https://www.dailymail.co.uk/news/article-10539063/BLM-spent-quarter-60M-donations-professional-fees-2020-IRS-documents-show.html[/URL]<ul>
<li data-xf-list-type="ul">The Black Lives Matter Global Network Foundation blew $12.7M of its 2020 donations on &#039;professional fees&#039;</li>
<li data-xf-list-type="ul">According to IRS filings nearly a quarter of the $60M BLMGNF raised by August 2020 was spent on accountants, legal services, contractors, and consultants&nbsp; </li>
<li data-xf-list-type="ul">The foundation also reported it expected to spend the same amount on such costs in 2021&nbsp; &nbsp; </li>
<li data-xf-list-type="ul">The figures were included in its IRS Form 1023 filing, which is required to apply for nonprofit status. BLMGNF was recognized as a nonprofit in December 2020</li>
<li data-xf-list-type="ul">However, earlier this month it was revealed BLMGNF has not provided its latest tax return, and the 2019 filing has a non-existent address </li>
<li data-xf-list-type="ul">BLMGNF released a snapshot of its finances last February revealing it raked in $90M in 2020 and ended the year with a balance of more than $60M</li>
<li data-xf-list-type="ul">The charity, which is now in delinquent status, hasn&#039;t had anyone in charge of its finances since co-founder Patrisse Cullors resigned last May</li>
</ul></blockquote>

[QUOTE="Babagounj, post: 5185764, member: 12952"] [URL unfurl="true"]https://www.dailymail.co.uk/news/article-10539063/BLM-spent-quarter-60M-donations-professional-fees-2020-IRS-documents-show.html[/URL] [LIST] [*][B]The Black Lives Matter Global Network Foundation blew $12.7M of its 2020 donations on 'professional fees'[/B] [*][B]According to IRS filings nearly a quarter of the $60M BLMGNF raised by August 2020 was spent on accountants, legal services, contractors, and consultants [/B] [*][B]The foundation also reported it expected to spend the same amount on such costs in 2021 [/B] [*][B]The figures were included in its IRS Form 1023 filing, which is required to apply for nonprofit status. BLMGNF was recognized as a nonprofit in December 2020[/B] [*][B]However, earlier this month it was revealed BLMGNF has not provided its latest tax return, and the 2019 filing has a non-existent address [/B] [*][B]BLMGNF released a snapshot of its finances last February revealing it raked in $90M in 2020 and ended the year with a balance of more than $60M[/B] [*][B]The charity, which is now in delinquent status, hasn't had anyone in charge of its finances since co-founder Patrisse Cullors resigned last May[/B] [/LIST] [/QUOTE]

Verification