From Open Secrets:
A month after reports that major liberal political donors discussed funding branches of Black Lives Matter, the diverse nationwide movement sparked in part by police killings of black men, two political action committees bearing the rallying cry have either yet to begin fundraising in earnest or are struggling to bring in money.
That may yet change, but not without a little hand-wringing. Kenny Murdock, who has run Black Lives Matter PAC LLC since early October, said his committee has yet to see much of a cash inflow but is currently in talks with two billionaire funders. One difficulty, according to Murdock: Wealthy would-be contributors are wary of political blowback for their donations.
The Democracy Alliance, a club of wealthy liberal donors dedicated to building and maintaining a progressive big-money infrastructure for liberal candidates and causes, met with several voices in the diverse movement last month, according to Politico and the New York Times.
Murdock’s group was not among those mentioned as having been a party to the discussions, however. His PAC has yet to file its intent to collect unlimited contributions with the FEC, the filing that would make it a super PAC.
But giving potential backers pause in particular is the peril of being the first major donor to give to a group whose name conjures up “political fear and agitation,” Murdock said. He’s hearing that potential donors expect a “barnstorm” from their political enemies as soon as the PAC’s filings — which will list the sources of funds — become public.