A left-wing dark money network, known for its secretive funding operation, raised more than $1.3 billion in anonymous donations to fund progressive projects in 2023, according to tax filings reviewed by Fox News Digital.Arabella Advisors, a billion-dollar, Washington, D.C.-based consulting network, consists of six nonprofits: New Venture Fund, Sixteen Thirty Fund, Windward Fund, Hopewell Fund, North Fund and Telescope Fund. In total, the groups acquired about $1.35 billion in 2023 alone and the six funds collectively sent nearly $1.5 billion that same year in grants to other organizations, tax filings show.
Each fund acts as a fiscal sponsor to other left-wing nonprofits by providing their tax status to the nonprofits housed beneath them. This setup allows the fiscally sponsored groups to avoid filing tax forms to the IRS. The six funds also move massive sums to progressive groups outside their network.
The latest expenses include hundreds of millions of dollars in funding for internally managed initiatives, meaning the network spent well over $1 billion to support various liberal causes on top of operational costs such as salaries.
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