Public filings show the foundation collected roughly $90 million in donations in 2020 — and by the end of the following fiscal year, it had posted a $9 million deficit. Federal tax disclosures from 2020 to 2022 show that only about one-third of that money — roughly $30 million — went to other charitable organizations or community initiatives.
Meanwhile, $22 million was spent on “operating expenses,” including some controversial payouts to insiders.
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The federal probe comes after a series of scandals involving regional BLM chapters and related nonprofits. In 2024, a self-styled activist named Sir Maejor Page, who ran a spinoff called Black Lives Matter of Greater Atlanta, was sentenced to 42 months in prison for wire fraud and money laundering after pocketing more than $450,000 in donor funds for personal luxuries, including tailored suits and firearms.
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In the aftermath of Black Lives Matter movement, protests and riots swept the nation, causing an estimated billion dollars in damages to inner city communities, and leading to an estimated twenty deaths.