‘Shadowy’ dark money network behind left-wing causes exposed in new report

Posted by mminnick 5 years ago to Politics
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"An expansive network of “shadowy” dark money donors has grown to rival the influence of the conservative Koch network -- pumping millions into left-wing causes ranging from health care to climate change to abortion -- all while flying well under the radar of public scrutiny, according to an explosive new report obtained by Fox News.
The report, by conservative watchdog Capital Research Center, describes a band of nonprofits operating under the banner of Washington-based philanthropy company Arabella Advisors. Those “pop up groups” are housed in four Arabella-controlled “sister” nonprofits, according to the report: the New Venture Fund, Sixteen Thirty Fund, Hopewell Fund and Windward Fund."
“Together, these groups form an interlocking network of 'dark money' pop-up groups and other fiscally sponsored projects, all afloat in a half-billion-dollar ocean of cash,” the report says. “The real puppeteer, though, is Arabella Advisors, which has managed to largely conceal its role in coordinating so much of the professional Left’s infrastructure under a mask of ‘philanthropy.’”
The report says the "hydra-like" network brought in $1.6 billion between 2013 and 2017 "to advance the political policies desired by wealthy left-wing interests," as the network’s revenues grew by 392 percent. The four Arabella-controlled “sister” groups brought in $582 million in 2017 alone, according to the report. If the four groups were a single entity, it would make them the 22nd largest public charity in America, with higher revenues than the American Civil Liberties Union (ACLU), Planned Parenthood or the Clinton Foundation."
Both sides building money networks that appear to be outide of the normal reporting for political groups since they masqueraded as other types of groups rather than PACs.
I know people are free to use their money anyway they see fit, but limits are set on political contributions so I wonder just how legal these group and committees are.
SOURCE URL: https://www.foxnews.com/politics/dark-money-network-left-wing


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  • Posted by $ 25n56il4 5 years ago
    Those non profits better be careful where they put their money. Certain donations are verboten. Jail time can result. People donate to them and there's a little thing called 'Misapplication of fiuduciary funds!' That is a felony!
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