Liberal ‘dark-money’ behemoth funneled more than $400M in 2020

Its large 2020 fundraising and spending illustrates the extent to which the left embraced the usage of “darkish cash” to combat for its causes in latest years. After decrying big-money Republican donors over the past decade, in addition to the Supreme Courtroom rulings that flooded politics with more money, Democrats now profit from tons of of tens of millions of {dollars} of undisclosed donations as nicely.

“Altogether that is completely one of many largest fundraising machines I’ve ever come throughout,” stated Robert Maguire, the analysis director for the open-government group CREW and an knowledgeable in political nonprofits. “I’m actually struggling to consider some other group, particularly not too long ago, that might rival it,” he added, evaluating the amount of cash flowing by way of Sixteen Thirty Fund to the Koch brothers’ community on the top of its affect earlier this decade.

Whereas Sixteen Thirty Fund has grown to an analogous scope in greenback phrases, the group rejects comparisons to the Koch community, casting each its mission and its mannequin as completely different than the longtime liberal bogeymen. Sixteen Thirty Fund’s fiscal sponsorship mannequin — in which it serves as an incubator and administrator to assist get new progressive advocacy organizations off the bottom — is some extent of emphasis for the group, as is its backing of campaign finance reforms that would require it and other nonprofit groups to disclose donors and probably scale back their affect on politics.

The group’s power in 2020 was its capability to “shortly and effectively launch new initiatives by way of our fiscal sponsorship mannequin,” Sixteen Thirty Fund President Amy Kurtz wrote in a Medium submit on Wednesday. “Alongside our companions and tasks, we scaled up shortly (rising 175 % from 2019), enabling progressive donors to step up like by no means earlier than to assist in the face of intersecting crises and imminent threats.”

Sixteen Thirty Fund’s complete 2020 fundraising got here to almost $390 million — a brand new report for the group, and almost thrice more than the roughly $140 million it raised in 2018 and 2019.

Half of the haul got here from simply 4 donors, who gave contributions of $86.2 million, $52.7 million (in the type of inventory), $45.7 million and $45 million to Sixteen Thirty Fund.

“I’m struggling to consider any group I’ve ever come throughout that has a single contribution that enormous,” stated Maguire, who famous that it may very well be from a person or from one other nonprofit or different group.

Tech billionaire Pierre Omidyar and his spouse, Pam, disclosed earlier this year that they were responsible for the $45 million gift, which went to Civic Motion Fund, a fiscally sponsored challenge of the Sixteen Thirty Fund.

One other 4 donors gave between $10 million and $20 million, and 27 more gave between $1 million and $5.3 million.

As a nonprofit, Sixteen Thirty Fund shouldn’t be required to reveal its donors, regardless that it spends important sums on politics. However in addition to Omidyar’s self-disclosure, the New York Instances revealed earlier this yr that Swiss billionaire Hansjörg Wyss’ nonprofits gave more than $135 million to the Sixteen Thirty Fund in latest years, which was earmarked for non-electoral functions. An individual with Sixteen Thirty Fund, talking on situation of anonymity, stated that contributions from organizations funded by Wyss didn’t improve in 2020.

The Open Society Foundations, based by liberal mega-donor George Soros, additionally lists nearly $17 million in 2020 grants to the Sixteen Thirty Fund on its web site.

Sixteen Thirty Fund’s single largest outlay in 2020 — $129 million — went to America Votes, the liberal umbrella group that works on voter registration and turnout and collaborates with different political teams throughout the left.

The large windfall from Sixteen Thirty Fund in 2020 was, by itself, more than twice as a lot as America Votes raised the earlier yr. Like Sixteen Thirty Fund, and with its assist, America Votes expanded dramatically in the previous few years, elevating roughly $13 million in its fiscal years ending in June 2017 and 2018 earlier than bringing in $64 million the following yr, in response to its most up-to-date tax paperwork.

Kurtz wrote in her Medium submit that the grants to America Votes “helped progressives throughout the nation pivot to offer new and protected alternatives for voting throughout a lethal pandemic” by supporting the group’s “nationwide efforts to increase entry to vote by mail and improve voter turnout in communities of coloration and amongst historically disenfranchised individuals.”

Sixteen Thirty Fund reported giving almost $164 million to tremendous PACs and different teams expressly for political functions, in addition to spending more than $3 million itself immediately on political exercise — totaling 41 % of its spending, beneath the 49 % cap on political spending by nonprofits. A lot of the cash that went to America Votes is included in Sixteen Thirty Fund’s complete political spending, however the nonprofit additionally made giant contributions to tremendous PACs supporting now-President Joe Biden and Senate Democrats in 2020, together with $5.9 million to Change Now, $15.2 million to Future Ahead USA PAC, $4.5 million to Priorities USA Motion and $7.7 million to Victory 2020.

The group directed $10 million to an anti-Trump group, Defending Democracy Collectively, run by Republican and former Republican operatives and commentators.

It additionally supported a community of different nonprofits that aired difficulty adverts bashing weak Senate Republicans all through 2019 and 2020. The donations included $7 million to Piedmont Rising, which operated in North Carolina, $2.5 million to Advancing AZ in Arizona, $1.9 million to Maine Momentum, $1.6 million to Rocky Mountain Values in Colorado and $1.2 million to Iowa Ahead.

And Sixteen Thirty Fund poured tens of tens of millions of {dollars} into teams backing progressive poll measures in quite a few states. The funds included $19.4 million in contributions to the North Fund, which in addition to directing cash to different liberal organizations backed ballot measures on issues like paid leave in Colorado and marijuana legalization in Montana. Sixteen Thirty Fund additionally directed one other $2.6 million to Colorado Households First, the marketing campaign for the paid depart poll measure in the state.

But more cash flowed immediately by way of the fiscally sponsored applications housed inside Sixteen Thirty Fund. Demand Justice, one of the vital high-profile, has spun off into its personal distinct group, Kurtz wrote in her Medium submit. However others, like Paid Depart for All Motion, have been actively campaigning for coverage modifications and conducting difficulty advocacy. Sixteen Thirty Fund’s tax submitting doesn’t get away how a lot every fiscally sponsored group spent.

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