BLM sets up student relief fund as loan forgiveness stalls

The Associated Press ^ | December 12, 2022 | By AARON MORRISON

[Oldeconomybuyer]

The Black Lives Matter Global Network Foundation launched a new relief fund Monday aimed at Black college students, alumni and dropouts overburdened by mounting education costs and the student loan debt crisis.

The foundation said it set aside $500,000 for the fund and plans to award more than 500 recipients with relief payments ranging from $750 to $4,500.

“The fact of the matter is that Black people who work to get an education are struggling right now,” BLM foundation board chair Cicley Gay said.

Foundation board secretary Shalomyah Bowers, who runs the consulting firm that the movement organization hired to build out its philanthropic capacity, said Student Solidarity Fund applicants do not have to prove they are Black. But fund administrators will be working to weed out scammers.

That initiative launched just as the foundation opened up about the tens of millions in donations it took in after the 2020 murder of George Floyd by a Minneapolis police officer, a case that helped spark racial justice protests across the U.S. and around the world. Earlier this year, the foundation revealed in a nonprofit tax filing that it had nearly $42 million in net assets at the end of the last fiscal year.

The financial revelations set off a fresh wave of criticism from the left and right in the political world and from both inside and outside of the broader BLM movement. Several months after the disclosures, the foundation’s structure remains the same. It is run by a three-member board of directors, including Gay and Bowers.

In August, a group of local chapters and activists known as BLM Grassroots filed a lawsuit in a California Superior Court against Bowers.

[No name given]

What did we do to deserve that gang of con artists?!

[BenLurkin]

BLM = domestic terrorism

[No name given]

I was being sarcastic.

[ClearCase_guy]

I imagine that a few BLM leaders will get million dollar mansions out of this. Other than that, not much will happen.

[Fungi]

They took in billions from guilt ridden corporations. Where did all the money go? The founders jumped ship and bought mansions, leaving their useful idiots behind.

[ConservativeInPA]

Burn, loot and murder. Anyone or any company contributing money or is a member of bLM deserves to convicted of terrorism or material support of a terrorist organization.

[Skywise]

So it’s ok to make a strictly white globalist organization again that caters only to white people and helps them to succeed?

[FlingWingFlyer]

ROTFL! The St. Georgie Student Memorial Fund. LOL.

[lee martell]

If the student’s name is anything like Aiko Yamamoto or Ivan Popov, BLM will not help you at all.

[Yo-Yo]

If BLM sold off a few of their multi-million Dollar mansions that they bought with 2020 ‘Summer of Love’ corporate bribe money, I’m sure they could retire a lot of Black student debt.

[dsrtsage]

“Studies” degrees that only make people more dumberer don’t come cheap

[day10]

Apparently, someone (or several folks) needs new mansions.

[ronnie raygun]

Relief fund of a different color

[Kaiser8408a]

Will Biden and Congress be funding this vile venture?

You borrowed money, pay it back.

[the OlLine Rebel]

They’re spending money on others rather than their own mansions?

[whitney69]

“BLM = domestic terrorism”

And this is exactly how groups like the Taliban, Al Qaida, Hezbollah, ISIL, and many other Islamic terrorist groups gain support in their countries. They build roads, schools, medical facilities, shopping centers, and supply money to the accepted government for maintenance. And the people there are not that well educated about the outside world and think it’s great. Simple comparison.

wy69

[Marko413]

Assuming that it actually happens, I’m okay with this. Let relief organizations raise these funds and distribute them out however they want. Better that than the fed trying to convince us they can do it as efficiently.

Who knows, maybe there are a few chapters of BLM that actually had good intentions and would try to give it to whom they promised.

[rlmorel]

"...Khan-Cullors tearfully defended her $3.2 million real estate empire,..."

I'm Not A Thief
(Sung to the tune of I'm Not In Love" by 10cc)

I'm not a thief, so don't forget it
It's just a grifting phase I'm going through
And just because I took your cash
Your virtue signal’s still a badge you wear
I'm not a thief, no-no
(It's because...)

I like to scam you, but then again
That doesn't mean your Leftist creds are gone
So if I rob you, don't make a fuss
Don't tell the evening news I’m stealing cash
I'm not a thief, no-no
(It's because...)

(Be quiet, Marxists don't cry)
Marxists don't cry)
(Marxists don't cry)
(Marxists don't cry)
(Marxists don't cry)
(Marxists don't cry)
(Marxists don't cry)

I got my mansions with stolen cash
I hide the cash transfers in bank accounts
So don't you ask me to give it back
I know you know I got no salary
I'm not a thief, no-no
(It's because...)

Ooh, the suckers threw cash at me
Ooh, the suckers threw cash

Ooh, the suckers threw cash at me
Ooh, the suckers threw cash

I'm not a thief, so don't forget it
It's just a grifting phase I'm going through
And just because I took your cash
Your virtue signal’s still a badge you wear, ooh

I'm not a thief, I'm not a thief…

[Wally_Kalbacken]

I can smell the fraud from West Palm Beach!