‘Preeminent’ Washington Network Raised Over $1.5 Billion in Dark Money for Funding Liberal Causes

Spread the love


Washington-based consulting firm Arabella Advisors reportedly raised and spent billions in dark money last year to fund left-wing endeavors.

In U.S. politics, dark money refers to anonymous donations aimed at influencing elections. In addition to raising $1.5 billion, Arabella also spent $1 billion to support its causes in 2021, according to a Fox News report that cited tax documents.

In an interview with the media outlet, Caitlin Sutherland, the executive director of Americans for Public Trust, pointed to tax returns as proof that Arabella is the “largest dark money player” in U.S. politics.

“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 administration’s failing agenda,” Sutherland said.

Arabella is set up as a limited liability company (LLC), meaning that it is privately owned and thus does not come under the purview of disclosure laws that are applicable to political advocacy groups and nonprofits.

As such, billionaires, for example, can easily flood money into Arabella, which the organization can then channel to other funds without the public ever knowing the individuals who are financially backing the entity or the agenda.

Arabella manages five nonprofits, which, in turn, have connections with numerous other groups. The New Venture Fund is the largest of the nonprofits, collecting $955 million last year and spending $553 million.

The Windward Fund took in $273 million and spent $107 million. It focuses on environmental issues. The Sixteen Thirty Fund collected $190 million and showed a spending total of $173 million.

The Hopewell Fund raked in $123 million, while the North Fund got $43 million in donations. The last two reported expenses totaling $155 million.

Funding Left-Wing Ideologies

Earlier this year, Senate Majority Leader Chuck Schumer (D-N.Y.) pushed forward a campaign to abolish or reform the filibuster, which is the Senate’s “cloture” rule that requires 60 votes to end a debate.

The move to end the filibuster was supported by an outfit called Fix Our Senate. In an interview with The Epoch Times, Hayden Ludwig, a senior investigative researcher at the Capital Research Center, pointed out that even though Fix Our Senate presents itself as a standalone organization, it is actually a “front for the Sixteen Thirty Fund.”

Governing for Impact, a group that works behind the scenes to shape policy in the Biden administration, has connections with Arabella. Financier George Soros is said to have contributed millions to the outfit.

Campaign for Our Shared Future, a group that acted against those who opposed teaching critical race theory in schools, also carries ties with Arabella.

Marc Elias, a top Democrat attorney, who had earlier pushed the “Russia collusion” hoax and previously served as Hillary Clinton’s campaign lawyer, registered Democracy Docket LLC in July 2020 to advocate for liberal election causes.

Elias then formed the Democracy Docket Legal Fund, a fiscally sponsored project of the nonprofit Hopewell Fund that comes under Arabella.

Naveen Athrappully

Follow

Naveen Athrappully is a news reporter covering business and world events at The Epoch Times.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.