Black Lives Matter Global Network Foundation ran an $8.5 million deficit and saw the value of its investment accounts plummet by nearly $10 million in the most recent tax year, financial disclosures show. The group logged a $961,000 loss on a securities sale of $172,000, suggesting the charity weathered a staggering 85 percent loss on the transaction. These troubles didn’t stop BLM from doling out seven-figure contracts to friends and family of its former executive director Patrisse Cullors, who once said charity financial disclosures were “triggering” and “deeply unsafe.” …
Cullors’s brother, Paul Cullors, made out especially well. A graffiti artist with no prior experience as a bodyguard, Paul Cullors and his two companies raked in $1.6 million providing “professional security services” for Black Lives Matter in 2022. Paul Cullors was also one of BLM’s only two paid employees during the year, collecting a $126,000 salary as “head of security” on top of his consulting fees.
Black Lives Matter disclosed last May it had paid Paul Cullors a comparatively meager $841,000 to protect the charity’s swanky $6 million Los Angeles mansion in its 2021 tax year, which Patrisse Cullors used to film herself baking peach cobblers. The charity told the Associated Press it could not entrust its security to the former police officers that staff typical private protection firms.
[It’s a grift. And a pretty successful one at that, but the relative collapse in assets likely means that its organizers will have to find a new vehicle … but likely will use the same model. — Ed]
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