According to reports, investment accounts belonging to Black Lives Matter lost nearly $10 million in value last tax year, causing them to report a significant deficit. The American-based non-profit organization reportedly suffered an $11.75 million drop in net assets and donations have dipped by nearly 88 percent.
Two years ago, Patrisse Cullors, the co-founder of BLM, resigned from her position as executive director due to insurmountable allegations that her executive team has been manipulating donations for personal gain. The board is now being headed by Cicley Gay, a philanthropic strategist who has filed for bankruptcy seven times since the year 2005.
Source: Newsweek
