Left-Wing Dark Money Network Quietly Added a New Arm to Move Millions in Anonymous Funds

Money in case

The nation’s most prolific left-wing dark money behemoth quietly added a new organization to its network of nonprofits, newly surfaced documents reveal.

The Telescope Fund became the seventh organization managed by the shadowy for-profit firm Arabella Advisors in 2021, joining a network of organizations notable for pouring hundreds of millions of untraceable dollars into left-of-center political and advocacy groups, The Washington Free Beacon reported. The new nonprofit will offer donor-advised funds (DAFs), a type of charitable account that allows donors to obscure their giving by routing donations through a DAF.

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American Express, Visa Plow Millions in Grants to Far-Left Groups Through Corporate Foundations

Charitable foundations funded by credit card companies and managed by their executives are pouring millions of dollars into liberal advocacy organizations, tax filings show.

The American Express Foundation and the Visa Foundation, philanthropic arms of two of the largest credit card companies in the world, gave grants to several major left-wing groups between 2019 and 2021. Executives from Visa and American Express sit on the boards of their respective foundations, both of which have taken millions from the corporations that established them.

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Far-Left Dark Money Group Spent over $1.5 Billion for Left-Wing Causes in 2021

A far-left dark money group, the largest in the nation, accumulated over $1.5 billion in anonymous donations to fund left-wing causes in 2021, according to recently-revealed tax forms.

Fox News reports that the network in question consists of five prominent nonprofit groups collectively managed by Arabella Advisors, a consulting firm based in Washington D.C. The five nonprofits are the Hopewell Fund, New Venture Fund, North Fund, Sixteen Thirty Fund, and Windward Fund. The same network spent another $1 billion in 2022.

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