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As Above So Below
CRC Special Report Unveils Vast “Dark Money” Network on the Left
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.
The report 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.
“The size and scope of the Arabella network of funds demonstrates far more ‘dark money’ exists on the left side of the political spectrum than has been previously admitted,” the report says.
Arabella’s website says the company was founded to “provide strategic guidance for effective philanthropy” and is “dedicated to helping clients make a difference on the issues that matter most to them, from climate to women and girls, education, good food, and more.” All told, the company represents clients with collective assets totaling more than $100 billion.
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.
The report 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.
“The size and scope of the Arabella network of funds demonstrates far more ‘dark money’ exists on the left side of the political spectrum than has been previously admitted,” the report says.
Arabella’s website says the company was founded to “provide strategic guidance for effective philanthropy” and is “dedicated to helping clients make a difference on the issues that matter most to them, from climate to women and girls, education, good food, and more.” All told, the company represents clients with collective assets totaling more than $100 billion.