![]() The investment is expected to become an endowment in a bid to ensure the foundation’s work continues in the future, organizers say. What’s more, $32 million was invested in stocks, making up nearly a third of the $90 million the organization received in donations. Hong Patrisse Cullors last year resigned as executive director of the organization amid criticism over her lavish lifestyle. Black Lives Matter co-founder Patrisse Cullors used charity funds to pay her brother and child’s father sums of cash for various services. More than $37 million was spent by the foundation on grants, real estate, and charter on private flights, according to the tax filings. The foundation had an operating budget of about $4 million, according to a board member. On top of the controversy, BLM wrapped up its fiscal year - which runs from July 1, 2020, to Jwith a stunning $42 million in net assets. Meanwhile, the organization paid a company owned by Damon Turner, with whom Cullors shares a child, almost $970,000 to help “produce live events” as well as other “creative services.” The co-founder’s brother, Paul Cullors, saw a cool sum of $840,000 hit his bank account for allegedly providing security services to the nonprofit organization, tax documents seen by The Post show. Golden Gate Audubon Society drops racist namesake from titleīlack Lives Matter co-founder Patrisse Cullors used charity funds to pay her brother and child’s father eye-watering sums of cash for various services, according to tax documents filed with the IRS. ![]() NYC woman who plowed into BLM protestors dodges jail time with plea dealīLM activist ruined white college student’s life over ‘misheard’ remark: report Ex-soldier whom Texas governor promises to pardon gets 25 years for killing BLM protester at rally
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