A left-wing underground finance network known for its clandestine fundraising operations anonymously donated more than $1.3 billion to fund progressive projects in 2023, according to tax returns reviewed by Fox News Digital. Collected.
Arabella Advisors is a $1 billion consulting network headquartered in Washington, D.C., comprised of six nonprofit organizations: New Venture Fund, Sixteen Thirty Fund, Windward Fund, Hopewell Fund, North Fund, and Telescope Fund. has been. The groups received a total of about $1.35 billion in 2023 alone, according to tax filings, and the six foundations collectively sent nearly $1.5 billion in grants to other organizations in the same year.
Each foundation serves as a fiscal sponsor to other left-wing nonprofits by providing tax status to nonprofits under its umbrella. This setting allows financially sponsored groups to avoid filing tax forms with the IRS. The six funds also shift large sums of money to progressive groups outside of their network.
The latest spending includes hundreds of millions of dollars in funding for internal governance efforts, which will help the network cover operating costs such as salaries, plus $1 billion to support various liberal causes. This means that they have spent well in excess of that amount.
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Billionaires, including George Soros, have channeled their funds through a dark money network controlled by Arabella Advisors. (Simon Dawson/Bloomberg)
The New Venture Fund, the network's largest nonprofit, raised $669 million, and the Windward Fund, a “climate resilience” organization, received $212 million in secret donations. Together, the two groups spent about $1.1 billion in 2023.
The Sixteen Thirty Fund, an organization that “tackles society's biggest social issues” such as climate change and gun reform, spent about $141 million and raised $181 million.
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The North Fund, which received $59 million last year, funds projects related to LGBTQ+ initiatives, the environment, and “gender equality.” The group reported spending about $39 million last year.
The Hopewell Fund has raised approximately $157 million, and the Telescope Fund has raised more than $69 million last year. Together, the two groups spent about $193 million.
Eric Kessler, founder and principal of Arabella Advisors, spoke on a panel discussion at the Aspen Institute in December 2018. (Aspen Institute/YouTube)
In all, the nonprofits transferred about $48 million to their firm, Arabella Advisors.
The network transferred about $17 million from both the Hopewell Fund and the North Fund to Democratic attorney Marc Elias' firm, Elias Law Group.
The Windward Fund sent $2.2 million to the Rocky Mountain Institute, which has ties to President Biden and is affiliated with China and is working to ban gas stoves.
“The Arabella Advisors Network, the undisputed king of dark finance, rakes in more than $1 billion each year to advance radical left-wing policies across the country,” said Caitlin, executive director of Americans for Public Trust. Sutherland told FOX News Digital in a statement. “For those who say they want to ban black money, liberals certainly have no problem with black money funding their teams.”
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Arabella raised a staggering $1.3 billion in anonymous donations in 2022 and poured more than $900 million into a wide range of progressive causes last year, according to a previous Fox News Digital review.
Arabella Advisors told FOX News Digital that it is a “consulting firm that supports philanthropy” and that it “did not disburse nearly $1.5 billion in 2023.”
“The 2023 tax return you refer to is not from Arabella Advisors,” Arabella Advisors continued. “These are independent nonprofit tax returns.”
FOX News' Joe Schofstall contributed to this report.
