Posts Tagged ‘IBEX’

Black Lives Matter Global Network uses a non-profit fundraising technology company used by many democrats and leftist organizations, ActBlue(1). This organization has at least three branches(2): one for 501(c)3s – charities, one of 501(c)4s – civics, and one for a PAC. BLM uses the charities branch as a pass-through.
When a person donates via the ActBlue platform, their receipt(3) provides them with a tax ID number that is associated with a 501(c)3 charity called Thousand Currents(4), formerly legally known as IBEX.
Thousand Currents entered into a fiscal sponsorship agreement with Black Lives Matter back in 2016(5,6). This makes BLM basically a “project” of the legally recognized, pre-existing charity(7). The group running the Black Lives Matter website, the women who started the hashtag, do not have their own 501(c)3 or tax ID number. Some local chapters, and some scams, do.
Audits and 990 Filings are published on Thousand Currents’ website(8), and 990s are available through the IRS. They document that (at least for a year after the donation is made) the sponsoring organization is holding donations earmarked for BLM in a separate account, restricted from general fund use. These funds are by far the majority of their revenue. These tax documents also record paying the salary of the managing director of BLM.
As far as I can tell, there are no public breakdowns of how money donated to Black Lives Matter is allocated. Since suspicions(9,10) have been making internet rounds this week, BLM has announced a $6.5 million fund(11) to support local affiliates in grassroots organizing work. They also announced intentions to develop a curriculum in line with their worldview and activism goals. Accusations that funds donated through Black Lives Matter were funneled directly by ActBlue’s PAC to Democrat candidates seem to be unfounded. However, the fine print(12) on ActBlue does say that allocated funds from uncashed checks will be moved to ActBlue to support its “social welfare activities” (if you were donating to a 501(c)4) or ActBlue Charities (if you were donating to a 501(c)3). I have not been able to determine how such funds are used. 
(2) ActBlue, “What is the difference between ActBlue, ActBlue Civics, AB Charities, and ActBlue Technical Services?”, accessed June 12, 2020 https://support.actblue.com/donors/about-actblue/what-is-the-difference-between-actblue-actblue-civics-ab-charities-and-actblue-technical-services/?fbclid=IwAR3j5frLc-aQ7IctBXvG9-3XQgRmemMqmJCiCZ2K00bxd5Ob5qMrz-knv10 
(3) Taylor @_aambush on Twitter June 1, 2020, accessed June 12, 2020 https://mobile.twitter.com/_aambush/status/1267681478739099648?fbclid=IwAR0MT2PbxPxRHwM6P1TiZOUUs2AdsmAkRGf-rsGiS7ccUZoIYnUVoqNJaSQ (also many such examples when googling images including Tax ID 77-0071852)
(5) Thousand Currents Press Release: “IDEX and Black Lives Matter announce global partnership” September 6, 2016, accessed June 12, 2020 https://thousandcurrents.org/idex-and-black-lives-matter-announce-global-partnership/?fbclid=IwAR3j5frLc-aQ7IctBXvG9-3XQgRmemMqmJCiCZ2K00bxd5Ob5qMrz-knv10 
(7) National Council of Nonprofits: “Fiscal Sponsorship for Nonprofits”, accessed June 12, 2020 https://www.councilofnonprofits.org/tools-resources/fiscal-sponsorship-nonprofits
(8) Thousand Currents Financials, website and PDFs accessed June 12, 2020 https://thousandcurrents.org/financials/?fbclid=IwAR1UaJ-AxOquTrAa8ZBOwiO_127h14k0l7cqPq1jD4Jf8ukCKcwslh514PI 
(10) Candace Owens @RealCandaceO on Twitter, June 10, 2020 accessed June 12, 2020 https://twitter.com/RealCandaceO/status/1270874599635529732 
(11) Black Lives Matter: “Black Lives Matter Global Network Foundation announces $6.5 million fund to support organizing work” June 11, 2020, accessed June 12, 20200 https://blacklivesmatter.com/black-lives-matter-global-network-foundation-announces-6-5-million-fund-to-support-organizing-work/?fbclid=IwAR0c7rENZ85iVg1d7I5hoH8lPEb1smi6FS7Vpz_aR0O47cmNP8ZCmCFK-wM 
(12) ActBlue: The Fine Print, “Re-designation of Contributions”, accessed June 12, 2020 https://secure.actblue.com/content/fineprint 
To God be all glory,
Lisa of Longbourn


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