The New Venture Fund, Sixteen Thirty Fund, Windward Fund, Hopewell Fund, and North Fund managed by Arabella Advisors raised $1.3 billion in anonymous donations last year, according to new tax filings.
The Arabella network has emerged as a major left-wing dark money conduit in recent years, with each fund able to hide its donors while acting as a sponsor for other left-wing nonprofits, thus avoiding the submission of revealing tax documents to the Internal Revenue Service (IRS).
“The North Fund is an advocacy nonprofit collaborating with community leaders and organizers to engage Americans in their democracy and fighting for equality across the country,” said one of the funds when quizzed on its activity. “We accomplish this through our fiscal sponsorship model, which allowed us to support a broad range of impactful partners in 2022,” it added.
On several occasions the funds wired substantial sums of money to each other, making it even harder to trace their activities.
“In 2022 alone, these groups spent $1.4 billion to push our country toward more extreme causes and candidates,” commented Americans for Public Trust director Caitlin Sutherland.
“As the 2024 election cycle ramps up, the American people deserve to know just how much influence the foreign-backed Arabella network has on our local, state, and federal elections.”
The network has been used by foreign billionaires to influence American politics, and has links to a lawfare campaign to ban Donald Trump from running for the presidency in 2024.