Economic Rules Hub
  • World
  • Politics
  • Business
  • Investing
Home Politics Left-wing dark money network hauled in more than $1.3B in anonymous donations for liberal causes in 2023
Politics

Left-wing dark money network hauled in more than $1.3B in anonymous donations for liberal causes in 2023

by admin November 16, 2024
November 16, 2024

A left-wing dark money network, known for its secretive funding operation, raised more than $1.3 billion in anonymous donations to fund progressive projects in 2023, according to tax filings reviewed by Fox News Digital.

Arabella Advisors, a billion-dollar, Washington, D.C.-based consulting network, consists of six nonprofits: New Venture Fund, Sixteen Thirty Fund, Windward Fund, Hopewell Fund, North Fund and Telescope Fund. In total, the groups acquired about $1.35 billion in 2023 alone and the six funds collectively sent nearly $1.5 billion that same year in grants to other organizations, tax filings show.

Each fund acts as a fiscal sponsor to other left-wing nonprofits by providing their tax status to the nonprofits housed beneath them. This setup allows the fiscally sponsored groups to avoid filing tax forms to the IRS. The six funds also move massive sums to progressive groups outside their network.

The latest expenses include hundreds of millions of dollars in funding for internally managed initiatives, meaning the network spent well over $1 billion to support various liberal causes on top of operational costs such as salaries.

New Venture Fund, the largest nonprofit in the network, raised $669 million while the Windward Fund, a ‘climate resilience’ group, received $212 million in secret donations. Combined, the groups spent about $1.1 billion in 2023.

The Sixteen Thirty Fund, a group ‘committed to tackling society’s biggest social challenges’ such as climate change and gun reform, brought in $181 million, spending about $141 million.

The North Fund, which received $59 million last year, funds projects related to LGBTQ+-related initiatives, the environment and ‘gender equity.’ The group reported spending about $39 million last year.

The Hopewell Fund brought in about $157 million, while the Telescope Fund raised over $69 million in donations last year. The two groups together spent about $193 million.

Combined, the nonprofits also sent back about $48 million to their firm, Arabella Advisors.

The network sent about $17 million to Democratic attorney Marc Elias’ firm, Elias Law Group, from both the Hopewell Fund and the North Fund, 

The Windward Fund sent $2.2 million to the China-tied Rocky Mountain Institute, a group with ties to the Biden White House that is working to ban gas stoves.

‘Year after year the undisputed kings of dark money — the Arabella Advisors network — rake in over a billion dollars to fund their radical leftwing policy pushes across the country,’ Americans for Public Trust Executive Director Caitlin Sutherland told Fox News Digital in a statement. ‘For people who claim to want to ban dark money, liberals sure have no problem when it funds their own team.’

In 2022, Arabella raised a staggering $1.3 billion in anonymous donations and poured more than $900 million into a wide range of progressive causes last year, a previous Fox News Digital review found.

Arabella Advisors told Fox News Digital that the firm is a ‘consulting business that supports philanthropy’ and that they ‘did not spend nearly $1.5 billion in 2023.’ 

‘The 2023 tax filings you are referring to do not belong to Arabella Advisors,’ Arabella Advisors continued. ‘They are tax filings for independent nonprofit organizations.’

Fox News’ Joe Schoffstall contributed to this report.

This post appeared first on FOX NEWS

0
FacebookTwitterPinterestEmail
previous post
Trump picks Karoline Leavitt to serve as White House press secretary
next post
Rand Paul wants to abolish agency established under Trump, but calls prospect ‘unlikely’

Related Posts

Wisconsin Supreme Court decides abortion case that prompted most expensive...

July 3, 2025

Iran to suspend work with UN nuclear watchdog, president says

July 3, 2025

Democratic doctors’ protest against Trump’s ‘beautiful bill’ derailed by flood...

July 3, 2025

Trump’s ‘big, beautiful bill’ stalls in House amid conservative mutiny...

July 3, 2025

Bush teams up with notorious Trump foes to trash ‘colossal...

July 3, 2025

House advances Trump’s massive agenda bill after fiscal hawks cave

July 3, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • Could a ceasefire finally be struck in Gaza? Here’s what to know

      July 3, 2025
    • US teen influencer detained in Antarctica while attempting solo flight to 7 continents

      July 3, 2025
    • UK lawmakers vote to ban pro-Palestinian activist group under anti-terror law despite condemnation

      July 3, 2025
    • Rescuers search rough seas for 38 missing after ferry sinks near Bali, Indonesia

      July 3, 2025
    • Bangladesh ex-PM Hasina gets six-month prison sentence in absentia

      July 3, 2025

    Categories

    • Business (1,434)
    • Investing (3,577)
    • Politics (4,799)
    • World (4,664)
    • Email Whitelisting
    • Terms and Conditions
    • Privacy Policy
    • Contacts
    • About us

    Disclaimer: EconomicRulesHub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 EconomicRulesHub.com | All Rights Reserved

    Economic Rules Hub
    • World
    • Politics
    • Business
    • Investing