Black Lives Matter Global Network Launches $12M Grant Fund
In its latest efforts to squash systemic racism once and for all, the Black Lives Matter Global Network Foundation has established a fund of over $12 million.
This whopping sum was raised by the generous donations of benefactors. The fund will benefit organizations dedicated to fighting institutional racism. $6 million of the fund will be used to aid Black-led grassroots organizations. The additional $6.5 million will fund affiliate chapters of Black Lives Matter.
The foundation received over $1 million of this fund from donations made in response to George Floyd’s death. Although some of these donations were large, the average donation was $33.
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Dear George, We collectively laid you to rest today and your spirit remains within us. Your death broke us, but your life was a gift that can never be measured. We will treasure you, honor you, and vow to transform because of you. You have changed us forever. Rest in Power, King. We got this. #blacklivesmatter #georgefloyd #restinpower @nikkolas_smith
The BLM Global Network Foundation will begin lending financial support to its affiliates on July 1st. The organization currently has sixteen active BLM chapters throughout the United States.
Support for our movement is growing; Americans are waking up to the injustices that our communities have faced for decades and raising their voices to say #BlackLivesMatter. We will win this fight.https://t.co/h5VfJG66s1
— Black Lives Matter (@Blklivesmatter) June 11, 2020
So what does this mean for the future of BLM? Activists everywhere are optimistic. This fund could help make progress in the movement.