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Black Lives Matter Receives $100 Million from Foundations

June 12, 2020 • by POL Staff

 

The anti-police activist group Black Lives Matter has received pledges of more than $100 million in donations from foundations and other sources.

The Ford Foundation and Borealis Philanthropy recently announced the formation of the Black-Led Movement Fund [BLMF], a six-year pooled donor campaign aimed at raising $100 million for the Movement for Black Lives coalition.

That funding comes in addition to more than $33 million in grants to the Black Lives Matter movement from George Soros through his Open Society Foundations, as well as grant-making from the Center for American Progress.

“The BLMF provides grants, movement building resources, and technical assistance to organizations working advance the leadership and vision of young, Black, queer, feminists and immigrant leaders who are shaping and leading a national conversation about criminalization, policing and race in America,” said the Borealis announcement.

Ford and Borealis are hardly alone: They said the fund will “complement the important work” of charities including the Hill-Snowden Foundation, Solidaire, the NoVo Foundation, the Association of Black Foundation Executives, the Neighborhood Funders Group, anonymous donors, and others.

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