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

A left-wing acheronian wealth network, known for its secretive backing operation, raised much than $1.3 cardinal successful anonymous donations to money progressive projects successful 2023, according to taxation 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 astir $1.35 cardinal successful 2023 unsocial and the six funds collectively sent astir $1.5 cardinal that aforesaid twelvemonth successful grants to different organizations, taxation filings show.

Each money acts arsenic a fiscal sponsor to different left-wing nonprofits by providing their taxation presumption to the nonprofits housed beneath them. This setup allows the fiscally sponsored groups to debar filing taxation forms to the IRS. The six funds besides determination monolithic sums to progressive groups extracurricular their network.

The latest expenses see hundreds of millions of dollars successful backing for internally managed initiatives, meaning the web spent good implicit $1 cardinal to enactment assorted wide causes connected apical of operational costs specified arsenic salaries.

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Billionaires, including George Soros, person passed wealth done the Arabella Advisors-managed acheronian wealth network. (Simon Dawson/Bloomberg)

New Venture Fund, the largest nonprofit successful the network, raised $669 cardinal portion the Windward Fund, a "climate resilience" group, received $212 cardinal successful concealed donations. Combined, the groups spent astir $1.1 cardinal successful 2023.

The Sixteen Thirty Fund, a radical "committed to tackling society's biggest societal challenges" specified arsenic clime alteration and weapon reform, brought successful $181 million, spending astir $141 million.

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The North Fund, which received $59 cardinal past year, funds projects related to LGBTQ+-related initiatives, the situation and "gender equity." The radical reported spending astir $39 cardinal past year.

The Hopewell Fund brought successful astir $157 million, portion the Telescope Fund raised implicit $69 cardinal successful donations past year. The 2 groups unneurotic spent astir $193 million.

Eric Kessler, the laminitis and main of Arabella Advisors, speaks during an Aspen Institute sheet successful December 2018. (The Aspen Institute/YouTube)

Combined, the nonprofits besides sent backmost astir $48 cardinal to their firm, Arabella Advisors.

The web sent astir $17 cardinal to Democratic lawyer Marc Elias’ firm, Elias Law Group, from some the Hopewell Fund and the North Fund, 

The Windward Fund sent $2.2 cardinal to the China-tied Rocky Mountain Institute, a group with ties to the Biden White House that is moving to prohibition state stoves.

"Year aft twelvemonth the undisputed kings of acheronian wealth — the Arabella Advisors web — rake successful implicit a cardinal dollars to money their extremist leftwing argumentation pushes crossed the country," Americans for Public Trust Executive Director Caitlin Sutherland told Fox News Digital successful a statement. "For radical who assertion to privation to prohibition acheronian money, liberals definite person nary occupation erstwhile it funds their ain team."

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In 2022, Arabella raised a staggering $1.3 cardinal successful anonymous donations and poured much than $900 cardinal into a wide scope of progressive causes past year, a erstwhile Fox News Digital review found.

Arabella Advisors told Fox News Digital that the steadfast is simply a "consulting concern that supports philanthropy" and that they "did not walk astir $1.5 cardinal successful 2023." 

"The 2023 taxation filings you are referring to bash not beryllium to Arabella Advisors," Arabella Advisors continued. "They are taxation filings for autarkic nonprofit organizations."

Fox News' Joe Schoffstall contributed to this report.