November 15, 2022 5:09pm EST
Liberal dark money network hauled in more than $1.5B in anonymous donations for left-wing causes in 2021
Arabella Advisors-managed nonprofits spent nearly $1B last year
By Joe Schoffstall | Fox News
The nation's largest left-wing dark money network raised more than $1.5 billion in anonymous donations to bankroll liberal endeavors in 2021, tax forms reveal.
The secret money network, which consists of five nonprofits managed by Washington, D.C.-based consulting firm Arabella Advisors, also combined for nearly $1 billion in total spending last year, the documents further show.
In recent years, the Arabella-managed nonprofits have solidified how Democrats benefit from substantial amounts of dark money as they simultaneously rail against its influence in politics by targeting right-leaning organizations.
"These latest tax returns prove that the Arabella Advisors network remains the largest dark money player in American politics," Americans for Public Trust executive director Caitlin Sutherland told Fox News Digital.
"After raking in nearly $1.6 billion in anonymous contributions, and spending nearly $1 billion, this network has established itself as the preeminent hub on the left to finance efforts to defund the police, pack the Supreme Court, enforce radical green energy policies, and prop up the Biden administrations failing agenda," Sutherland said.
The network's web of groups sits under five Arabella-managed nonprofits: the New Venture Fund, Sixteen Thirty Fund, Windward Fund, Hopewell Fund and North Fund.
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 five funds also move massive sums to progressive groups outside their network.
"As we've stated in the past, Arabella Advisors is a business dedicated to making philanthropic work more efficient, effective, and equitable," Arabella spokesperson Steve Sampson told Fox News Digital. "We are proud of the work we do for all of our clients, including our nonprofit clients who hire us to provide HR, legal, payroll and other administrative services. Like all service providers, we work for our clients, not the other way around. They make their own decisions on strategy, fundraising, and programmatic goals."
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https://www.foxnews.com/politics/liberal-dark-money-network-hauled-1-5b-anonymous-donations-left-wing-causes-2021
