San Francisco Black Wall Street

[WIA20XX]

Summarized by an economist I follow, article link below

SF Black Wall Street, a nonprofit that advocates for Black entrepreneurship, has received more than $2.3 million through Dream Keeper…But nearly a third of that money was spent on just two Juneteenth parties…that cost more than $700,000 to produce. That is more than the total amount ($660,000) SF Black Wall Street has spent on small business grants…

A closer inspection of IRS filings for SF Black Wall Street shows that one co-director, Tinisch Hollins, did not report taking a salary while doing 20 hours of work a week. Instead, she redirected tens of thousands of dollars in administrative fees to Ujima Global Consultancy, an LLC she created…[Dream Keeper Director Sheryl] Davis said she was not aware that directors of some of Dream Keeper’s nonprofit partners have set up shell companies, or that some directors have been giving themselves substantial raises — in the tens of thousands — immediately after the infusion of millions in city funds…

San Francisco’s $120M investment in Black community has issues

San Francisco devoted more than $100 million to help the Black community. But concerns have been raised about how money is spent and tracked.

sfstandard.com

 

[get these nets]

Sad stuff. The article points to 2020. We all know that the murder of George Floyd and the protests that followed put a global spotlight on the way AAs have been mistreated in this country.
With that attention came a flood of private donations and govt. programs to address the problems. Unfortunately, some people are snakes and saw it as a windfall, and a come up, instead of chance to help more people.
Have seen this occur in the "aid industry" to foreign countries. Not surprised of instances of it happening here.

The "$60 million earmarked annually permanently" led these snakes to think that they could get away with stealing and nobody would care. Gotdamned clowns.