The national Black Lives Matter (BLM) foundation attracted a record-breaking $90 million dollars in donations for 2020, with an average contribution of close to $30, the organization announced Tuesday in a report.
The report does not identify who gave the money in 2020, and leaders declined to name prominent donors.
“This has been a record-breaking year for fundraising, which has been matched with just as historic an amount in campaign budgets and grant disbursements,” the BLM did confirm in its 2020 Impact Report.
The foundation said its web traffic climbed 5,000 percent in the same period, with some 24 million visiting the website during the second half of 2020 alone.
Black Lives Matter is now demanding payback for its support of Joe Biden and Kamala Harris in the 2020 presidential election, stating that “getting Trump out of office was not the end all, be all,” and that “We want something for our vote.” https://t.co/Au1g4XjBXe
— Breitbart News (@BreitbartNews) November 12, 2020
The donations were made up of both partner and individual donations — 10 percent were recurring, the report said. The foundation spent around $8.4 million in operating costs and committed about 23 percent of its total assets, leaving it with a fiscal balance of $60 million.
AP reports that strong fiscal position recently caused longstanding tensions to boil over between some of the movement’s grassroots organizers and national leaders — the former went public last fall with grievances about financial transparency, decision-making and accountability.
“Black Lives Matter at School Week” uses lesson plan “resources” that teach young children to be transgender and queer "affirming." https://t.co/RPqQ48ksks
— Breitbart News (@BreitbartNews) February 6, 2021
Tuesday’s report marks the first time in the movement’s nearly eight-year history that BLM leaders have revealed a detailed look at their finances.