Last week, the Black Lives Matter Global Network Foundation (BLMGNF) released its first financial report. Its “2020 Impact Report” shows that the organization collected over $90 million in 2020 and had $60 million still in the bank at the end of the year. The BLMGNF was founded in 2013 following the killing of Trayvon Martin. The foundation has benefitted tremendously from corporations eager to make grants over the past year.
The World Socialist Web Site gives their take: “The Black Lives Matter organizations have been promoted by a section of the American ruling class as part of an effort to promote racial divisions and obscure common class interests of all workers, including in the fight against police violence. The agenda of these organizations has nothing to do with the grievances of workers and youth of any race or ethnicity. Rather, they speak for privileged sections of the middle class seeking to cash in on the promotion of racial politics to advance their own positions within the state and corporate America.”
