Black Lives Matter Global Network Foundation is being sued by 26 BLM Grassroots organizations. The Black Lives Matter Global Network Foundation reported in a 990 tax disclosure that it "invested $32 million in stocks from the $90 million it received as donations" thanks to the 2020 race protests. It ended its last fiscal year with $42 million in net assets. BLM co-founder Patrisse Cullors, a self-proclaimed Marxist, bought luxury homes worth millions of dollars and paid millions of dollars to family members, friends, and the father of her child. Shalomyah Bowers, a board member of the Black Lives Matter Global Network Foundation, was accused of pilfering $10 million and using the funds as a 'personal piggy bank' in the lawsuit. Cullors admitted the foundation employed her mother and sister as well as her brother.

(note: HBCU = historically black colleges and universities)