Black Lives Matter Foundation Sees Drop in Donations, Tightens Belt Despite Controversy

Black Lives Matter Global Network Foundation ended fiscal year with an $8.5 million deficit after spending nearly double its revenue according to tax documents.
The foundation received $9 million in donations, a steep drop from $79 million the previous year.
The foundation cut its operating budget by 55% but still spent more than it earned.
The foundation gave $4 million in grants to Black-led groups and has $30 million in remaining assets.
The foundation continued its business relationship with a security contractor connected to a co-founder who resigned amid scrutiny.