In a startling revelation, a left-wing dark money network, known for its secretive funding operations, has reportedly raised over $1.3 billion in anonymous donations to fund progressive projects in 2023, according to tax filings reviewed by Fox News Digital. This network, centered around the Washington, D.C.-based consulting firm Arabella Advisors, has emerged as a powerful force in the world of political advocacy and activism, channeling vast sums of money into a wide range of liberal causes.

Uncovering the Vast Reach of Arabella Advisors' Progressive Funding Empire

The Arabella Advisors Network: A Labyrinth of Nonprofits

Arabella Advisors, a billion-dollar consulting network, consists of six interconnected nonprofits: New Venture Fund, Sixteen Thirty Fund, Windward Fund, Hopewell Fund, North Fund, and Telescope Fund. These entities collectively acquired a staggering $1.35 billion in 2023 alone, and subsequently distributed nearly $1.5 billion in grants to various progressive organizations. The intricate structure of this network allows for a high degree of financial opacity, as the fiscally sponsored groups under the Arabella Advisors umbrella are able to avoid filing tax forms directly with the IRS. This setup effectively shields the identities of the donors, creating a veil of secrecy around the funding sources that fuel the network's activities.

Channeling Billions into Liberal Causes

The Arabella Advisors network has demonstrated a remarkable ability to amass and distribute vast sums of money to support a wide range of progressive initiatives. In 2023, the network's expenses included hundreds of millions of dollars in funding for internally managed projects, in addition to operational costs such as salaries. This means that the network channeled well over $1 billion to bolster various liberal causes, further solidifying its influence in the political landscape.

The Largest Beneficiaries: New Venture Fund and Windward Fund

Within the Arabella Advisors network, the New Venture Fund stands out as the largest nonprofit, having raised a staggering $669 million in secret donations. Meanwhile, the Windward Fund, a "climate resilience" group, received $212 million in anonymous funding. Together, these two entities accounted for the majority of the network's $1.1 billion in total expenditures during the year.

Funding Progressive Initiatives Across the Spectrum

The Arabella Advisors network's funding reach extends far beyond the environmental sphere. The Sixteen Thirty Fund, for instance, is "committed to tackling society's biggest social challenges," including issues such as climate change and gun reform. This group alone brought in $181 million in donations and spent approximately $141 million in the previous year.The North Fund, which received $59 million in funding, focuses on LGBTQ+-related initiatives, environmental causes, and "gender equity" projects. The Hopewell Fund and the Telescope Fund, which collectively raised $226 million and spent $193 million, also contribute to the network's diverse portfolio of progressive endeavors.

Funneling Funds to Influential Allies

The Arabella Advisors network's financial influence extends beyond its own initiatives, as it has also directed significant sums to external organizations. For example, the network sent approximately $17 million to the Elias Law Group, a firm led by Democratic attorney Marc Elias. Additionally, the Windward Fund allocated $2.2 million to the China-tied Rocky Mountain Institute, a group with ties to the Biden White House that is working to ban gas stoves.

Defending the Network's Practices

In response to the revelations, Arabella Advisors has sought to distance itself from the tax filings, stating that the firm is a "consulting business that supports philanthropy" and that they "did not spend nearly $1.5 billion in 2023." The network has also claimed that the tax filings in question do not belong to Arabella Advisors, but rather to the independent nonprofit organizations it manages.