BLM foundation tax form: $16M went to local chapters, $42M in assets, almost $2M paid to co-founder’s ex and brother

NEW YORK (AP) — The foundation started by organizers of the Black Lives Matter movement is still worth tens of millions of dollars, after spending more than $37 million on grants, real estate, consultants, and other expenses, according to tax documents filed with the IRS.

In a new, 63-page Form 990 shared exclusively with The Associated Press, the Black Lives Matter Global Network Foundation Inc. reports that it invested $32 million in stocks from the  today!

The post BLM foundation tax form: $16M went to local chapters, $42M in assets, almost $2M paid to co-founder’s ex and brother appeared first on TheGrio.