Very interesting - Black Live Matter is a shell organization

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In order to be a non-profit organization (501(c)3), you need to adhere to some IRS rules regarding what your organization can and cannot do. These rules are very specific. Seems like the people running Black Lives Matter do not want the transparency so they are going through a shell corporation.
From the Daily Wire:

‘Black Lives Matter’ Not Recognized IRS Charity, Raises Funds Through ‘Fiscal Sponsor’
Earlier this month, FactCheck.org and Politifact confirmed that Black Lives Matter Global Network is not a recognized IRS charity, instead raising their funds through a fiscal sponsor, global nonprofit Thousand Current, which would likely “have a legal obligation to make reasonable efforts to ensure that the funds they receive are spent consistent with 501(c)(3) restrictions.” Some critics of the group suggest that its financial arrangement “blocks full transparency.”

FactCheck.org notes that ActBlue helps to raise funds for Black Lives Matter Global Network by directing donations to Thousand Currents, their fiscal sponsor.

“The partnership between the network (ActBlue) and the nonprofit (formerly the International Development Exchange) was announced in 2016,” the site explains. “The nonprofit organization (Thousand Currents) said it would provide ‘fiduciary oversight, financial management, and other administrative services to BLM.'”

Much more at the site and in the two links in the first paragraph. Black Lives Matter is not a charitable agency; it is yet another fundraising arm of the Democrat Party. A nice thorough reaming audit would be really interesting to see.

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This page contains a single entry by DaveH published on June 22, 2020 7:46 PM.

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