Tax returns obtained by APT show the Arabella Advisors network raised nearly $1.6 billion in anonymous contributions in 2021. Arabella Advisors manages five nonprofits: New Venture Fund, Sixteen Thirty Fund, Hopewell Fund, Windward Fund, and North Fund.
“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.
According to Fox News, 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.
