Black Lives Matter cashes in with $100 million from liberal foundations

Black Lives Matter cashes in with $100 million from liberal foundations

For all its talk of being a street uprising, Black Lives Matter is increasingly awash in cash, raking in pledges of more than $100 million from liberal foundations and others eager to contribute to what has become the grant-making cause du jour.

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 top Democratic Party donor 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.

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