I have said now for at least a couple years that Black Lives Matter is a label, not a proper organization. Jen Monroe at her Substack has recently detailed the painful unraveling of whatever shambles existed of that organization, and particularly, what happened to $60 million in donations now that "[b]oth Andrew Kerr of the Washington Examiner and Sean Campbell of New York magazine reported on the lack of leadership and transparency within the Black Lives Matter Global Network Foundation."
To recap –- the nation’s premier social justice organization does not have a functioning board of directors, nor an office, and $60 million that nobody is willing to say who is in control of. According to BLMGNF’s bylaws, the executive director has control of all funds related to the corporation but it seems it has not had anyone in that role since Cullors left.
It turns out the most visible arm of BLM has murky finances, former officers buying themselves real estate in multiple tony addresses, and no visible leadership — none of which is a surprise. This is a more extreme form of the general problem of "awareness" in charities, which always amounts to an excuse for self-referential fundraising. Given the state of racial hucksterism, I fully expect that even this brazen cash grab will result in a shrug among their corporate donors, whose major interest is in shooing away bad press.