BLM May Be Hoarding Even More Cash Than Previously Disclosed, New Records Suggest

The nationally recognized Black Lives Matter group may be sitting on even more cash than previously believed, new records in a report by the Washington Examiner suggest.

Black Lives Matter Global Network Foundation previously claimed in February 2021 it had spent about a third of a total of $90 million it raised in 2020, leaving approximately $60 million dollars left at the end of the year.

Now, previously unreported IRS records are suggesting that BLM raised nearly $79 million from Democrat fundraising platform ActBlue in 2020 and another $13 million from the same group in 2021.

“It appears that millions of dollars in donations to BLMGNF are unaccounted for,” said Paul Kamenar, the legal counsel for the National Legal and Policy Center, a conservative watchdog group. “Corporations and Foundations usually make their charitable contributions directly to the charity rather than through an intermediary such as ActBlue, which takes a percentage of the gift as a processing fee and is used for small-dollar donations from individuals.”