A foreign billionaire’s non-profit organization was responsible for about one-sixth of the profits of a huge left-wing black money group in the past few years, according to a new report.
The Berger Action Fund, a nonprofit organization founded by Swiss billionaire Hansjorg Wiss, donated $143 million to the Sixteen Thirty Fund from 2019 to 2022. report It accounts for about 16% of the group’s revenue, according to research by the Capital Research Center. 16 The Saaty Fund is deeply involved in electoral politics in the following ways: boost The Democratic Party funds center-left polling efforts and finances vote-gathering operations aimed at mobilizing liberal voters.
Using nonprofit disclosure reports, the Capital Research Center found that between 2019 and 2022, 31.5% of Six Thirty Funds’ disclosed giving came from Berger Action Funds. discovered. Although Six Thirty Fund engages in political activities, it operates as a 501(c)(4) nonprofit organization. There is no need to disclose the source of funds. However, nonprofits that donate to groups must publicly disclose their donations.
Parker Thayer, an analyst at the Capital Research Center and one of the report’s authors, said, “It’s hard to believe that someone like Hansjorg Wyss would be responsible for such a large portion of Sixteen Thirty Fund’s profits.” “It’s very worrying that we’re taking up so many people,” he told the Daily Caller News Foundation. (Related article: Liberal dark finance giant funneled more than $60 million to groups mobilizing voters in 2022)
“Federal law prohibits foreign nationals from donating to PACs in the United States, and the Six Thirty Fund donates millions of dollars each year to Democratic-leaning PACs,” he continued.
Swiss billionaire Wyss has not publicly disclosed whether he is a U.S. citizen, The New York Times reported. report A book written by his sister and published in 2014 states that he “never applied for citizenship.” according to Go to RealClearPolitics.
“Federal law prohibits contributions, contributions, expenditures (including independent expenditures) and disbursements directly or indirectly solicited, directed, received or made by foreign persons in connection with federal, state, or local elections. doing.” according to to the Federal Election Commission.
Former New York City Mayor Michael Bloomberg (left) and philanthropist Hansjorg Wyss (Photo by Craig Barritt/Getty Images for Oceana)
16 The Saaty Fund donated approximately $164 million in 2020 to super PACs and other overtly political groups, many of which helped oust then-President Donald Trump and sway Democrats in Congress. Politico reported that the group worked to expand its presence. report. The nonprofit has made large donations to super PACs supporting President Joe Biden.
The Six Thirty Fund will also spend millions of dollars in 2022 to support two successful ballot measures in Michigan: legalizing abortion up to birth and allowing voters to vote without showing a valid ID. I provided behind-the-scenes support. Additionally, the foundation has spent millions of dollars mobilizing minority voters ahead of the 2022 midterm elections.
Robert Stilson, another author of the report, argues that the problem of opaque funding for liberal nonprofits extends beyond the Berger Action Fund.
“No wonder the names of many of the Arabella Network’s top funders (Ford, Hewlett, Rockefeller, JPB, etc.) all end with the word ‘foundation,'” he says. “They are the institutional standard-bearers of great philanthropy, and grand philanthropy is the institutional underwriter of centre-left activities.”
Burger Action Fund and Sixteen Thirty Fund did not immediately respond to DCNF’s requests for comment.
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