CRC Special Report Unveils Vast "Dark Money" Network on the Left

arabella ADVISORS

https://capitalresearch.org/article/crc-exposes-left-wing-dark-money/

FTA:

CRC's report by investigative researcher Hayden Ludwig, Big Money in Dark Shadows: arabella Advisors' Half-billion-dollar "Dark Money" Network, profiles four nonprofit organizations, all controlled by senior leaders at arabella Advisors, a for-profit consultancy.

This study by the Capital Research Center documents a shadowy web into which nearly $600 million flowed in 2017, the most recent year for which tax returns are available. Operating under the aegis of "philanthropy," this network is housed in and staffed by a for-profit, privately held consultancy called arabella Advisors, LLC.* arabella manages four nonprofit entities-the New Venture Fund, Sixteen Thirty Fund, Windward Fund, and Hopewell Fund-each of which shares an address and interlocking officers with arabella.

According to the nonprofit organizations' tax returns, between 2013 and 2017, the arabella network received a staggering $1.6 billion in contributions, which it has used to advance its donors' agendas through dozens of "front" groups and "astroturf" initiatives. The arabella network of funds is also growing rapidly: from 2013 to 2017, the network's revenues grew by an incredible 392 percent. arabella's network often plays host to highly influential groups on the Left. For example, the Democracy Alliance, a network of donors co-founded by billionaire George Soros, has used the New Venture Fund and Sixteen Thirty Fund to host at least eight projects that don't disclose their original funders. While financial information for the 2018 election year has not been disclosed, the arabella network will likely show continued steep revenue growth.