North Fund Explained

North Fund
Type:501(c)(4) nonprofit
Headquarters:Washington, D.C.
Budget:$43 million (revenue)
Budget Year:2021

The North Fund is a 501(c)(4) nonprofit organization managed by Arabella Advisors, a for-profit consulting company that advises left-leaning donors and nonprofits about where to give money and serves as the hub of a politically liberal "dark money" network in the United States.[1] The North Fund serves as the fiscal sponsor for various left-leaning political projects.[2] [3] [4] The North Fund spends significantly on progressive ballot measures.[5] It does not disclose its donors and has fought efforts by government officials to require disclosure of its donors.[6] [7]

According to Axios, which described the North Fund as "shadowy even by the standards of D.C. advocacy groups," the organization's structure and lack of financial transparency "make it the latest progressive nonprofit to operate in ways that obscure key financial information from the public, even as it pushes for legislation to limit the role of so-called dark money in politics."[8]

External links

Notes and References

  1. News: Massoglia . Anna . Liberal 'dark money' groups' revenue soared ahead of 2020 elections . 12 September 2023 . OpenSecrets . December 23, 2021.
  2. News: The Inside Philanthropy Power List . 11 September 2023 . Inside Philanthropy . 21 July 2021.
  3. News: Vogel . Kenneth . Goldmacher . Shane . Democrats Decried Dark Money. Then They Won With It in 2020. . 12 September 2023 . New York Times . January 29, 2022.
  4. News: Birnbaum . Emily . US 'Dark Money' Donor Groups Accuse Each Other of Abusing System . 12 September 2023 . Bloomberg . August 15, 2023.
  5. News: Bland . Scott . Liberal 'dark-money' behemoth funneled more than $400M in 2020 . 12 September 2023 . Politico . November 17, 2021.
  6. News: Slanger . Addie . Progressive-leaning D.C. nonprofit spends nearly $5 million for marijuana legalization . 12 September 2023 . Bozeman Daily Chronicle . October 26, 2020.
  7. News: Ambarian . Jonathon . Group that spent $5M on Montana marijuana legalization measures won't have to reveal donors . 12 September 2023 . KTVH . March 11, 2021.
  8. News: Markay . Lachlan . Dark money fights dark money . 12 September 2023 . Axios . July 12, 2021.

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