Liberal dark money giant Arabella Advisors reveals $1.3B fundraising amid ethics scrutiny.
The Left-Wing Dark Money Behemoth Arabella Advisors Raises $1.35 Billion in 2022
The tax documents released on Wednesday reveal that Arabella Advisors and its five nonprofit funds have raised an astonishing $1.35 billion from anonymous donors in 2022. This left-wing dark money powerhouse played a dominant role in the 2022 midterm elections, distributing $937 million to outside liberal organizations and political initiatives. Additionally, Arabella spent nearly $500 million operating its own network of grassroots left-wing activist groups across the country.
Despite its impressive fundraising, Arabella has faced significant challenges this year. The network is currently under investigation by the attorney general of the District of Columbia, who issued subpoenas to Arabella and its largest funds following allegations of financial mismanagement. In May, Arabella had to lay off 10 percent of its workforce, and it recently appointed its third CEO since 2021.
“Arabella’s empire continues to struggle, losing revenue as well as leadership, but it’s still the 800-pound gorilla of Democratic ‘dark money.’ Lawsuits, investigations, and potential Senate subpoenas are tarnishing it and likely scaring away some donors,” said Capital Research Center president Scott Walter. “Yet it still poured money into Michigan and other swing states. Wounded by controversy, it remains a dangerous animal.”
The Sixteen Thirty Fund, Arabella Advisors’ primary political arm, spent over $66 million supporting liberal politicians and ballot initiatives in 2022. Notably, the fund allocated $20 million to strengthen abortion rights and make ballot drop boxes a permanent feature of state elections, both of which were successful. The Sixteen Thirty Fund also contributed over $20 million to America Votes, a group that coordinates left-wing policies in swing states such as Georgia, Pennsylvania, Nevada, Wisconsin, and North Carolina.
These figures are likely to fuel Republican efforts to pass legislation that bans foreign nationals, like Swiss billionaire Hansjörg Wyss, from contributing to political dark money groups. Wyss, who is prohibited from donating directly to political candidates or PACs, has contributed at least $208 million to the Sixteen Thirty Fund since 2016.
In addition to the New Venture Fund and Sixteen Thirty Fund, Arabella Advisors operates the North Fund, Windward Fund, and Hopewell Fund. When asked for comment, the five nonprofits provided the Free Beacon with copies of their 990s and donor impact reports.
“These documents reveal the overwhelming influence of the left-wing Arabella Advisors network on American politics,” said Americans for Public Trust executive director Caitlin Sutherland. “In 2022 alone, these groups spent $1.4 billion to push our country toward more extreme causes and candidates. 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 true extent of Arabella’s influence over the 2022 midterms is difficult to ascertain from its tax filings. Internal records obtained by the Free Beacon indicate that Arabella exercises centralized control over its five funds, which then establish temporary pop-up groups in key states using their tax-exempt status. Examples of these Arabella pop-up groups include Kansans for Secure Elections and the SoCal Healthcare Coalition.
Despite facing challenges such as an investigation, layoffs, and leadership instability, how has Arabella Advisors managed to maintain its influence as a powerful force in Democratic ‘dark money’ politics, according to Capital Research Center’s president
This left-wing dark money behemoth has long been known for its significant influence in shaping the American political landscape. With its vast resources and network of nonprofit funds, Arabella Advisors has been a key player in pushing progressive agendas and supporting liberal organizations and candidates.
The recent tax documents released by Arabella Advisors reveal the astonishing amount of $1.35 billion raised in 2022 alone. These funds were contributed by anonymous donors, raising concerns about the lack of transparency surrounding the sources of Arabella’s money.
The significant fundraising efforts of Arabella Advisors have allowed the organization to distribute a staggering $937 million to outside liberal organizations and political initiatives during the 2022 midterm elections. This immense financial support has undoubtedly played a prominent role in advancing left-wing causes and securing victories for progressive candidates.
In addition to its significant financial contributions, Arabella Advisors has also been actively involved in grassroots activism. The organization has spent nearly $500 million operating its own network of left-wing activist groups across the country. Through these efforts, Arabella has been able to mobilize support at the grassroots level and generate further momentum for its progressive agenda.
Despite its undeniable influence and impressive fundraising efforts, Arabella Advisors has not been without its challenges this year. The organization is currently facing an investigation by the attorney general of the District of Columbia, who issued subpoenas to Arabella and its largest funds in response to allegations of financial mismanagement.
Furthermore, Arabella Advisors had to make the difficult decision to lay off 10 percent of its workforce in May of this year. This indicates a significant financial strain on the organization and suggests that it may be facing difficulties in sustaining its operations.
Additionally, Arabella Advisors has recently appointed its third CEO since 2021, indicating instability in the leadership of the organization. These challenges highlight the vulnerability and possible weakening of Arabella Advisors despite its massive fundraising and influence.
The president of Capital Research Center, Scott Walter, commented on Arabella’s current situation, stating that while the organization might be facing controversies and legal scrutiny, it remains a powerful force in Democratic ‘dark money’ politics. However, the ongoing lawsuits, investigations, and potential Senate subpoenas may be causing concern among donors, potentially leading to a decline in support.
Arabella Advisors’ primary political arm, the Sixteen Thirty Fund, has also been active in supporting liberal politicians and ballot initiatives. With over $66 million spent in 2022, the Sixteen Thirty Fund has further solidified its role as an influential player in progressive politics.
In conclusion, Arabella Advisors’ significant fundraising efforts and distribution of funds to liberal organizations and political initiatives have cemented its position as a left-wing dark money behemoth. While the organization faced challenges throughout 2022, including investigations and financial difficulties, it has continued to exert its influence in shaping political outcomes. As the political landscape continues to evolve, Arabella Advisors’ role and influence in progressive politics will undoubtedly remain a subject of scrutiny and debate.
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