The BLM Foundation is responsible for the upkeep of a yearly operating budget that is equal to $4 million.
The most recent tax return that the Black Lives Matter organization has filed with the Internal Revenue Service indicates that the group has a net worth that is in the tens of millions of dollars.
According to 63 pages of tax paperwork obtained by the Associated Press, the executives of Black Lives Matter Global Network Foundation Inc. had nearly $42 million in assets after spending more than $37 million between July 2020 and June 2020. This is even though they spent more than $37 million during that period.
A total of $37 million was spent to cover costs associated with grants, property, and consultancy services.
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After the death of George Floyd, protests and riots broke out throughout the country, ultimately resulting in approximately $90 million being donated to the Black Lives Matter organization. According to the tax filings, the organization claimed to invest $32 million of the total $90 million it received in donations in various stock markets.
According to the organizers, who spoke with the Associated Press, it is anticipated that this contribution will eventually turn into an endowment.
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