North Fund
| Formation | 2018 |
|---|---|
| Type | 501(c)(4) nonprofit |
| Headquarters | Washington, D.C. |
| Affiliations | Arabella Advisors Sixteen Thirty Fund Hopewell Fund New Venture Fund Windward Fund |
Budget (2021) | $43 million (revenue) |
| Website | www |
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]
References
[edit]- ^ Massoglia, Anna (December 23, 2021). "Liberal 'dark money' groups' revenue soared ahead of 2020 elections". OpenSecrets. Retrieved 12 September 2023.
- ^ "The Inside Philanthropy Power List". Inside Philanthropy. 21 July 2021. Retrieved 11 September 2023.
- ^ Vogel, Kenneth; Goldmacher, Shane (January 29, 2022). "Democrats Decried Dark Money. Then They Won With It in 2020". New York Times. Retrieved 12 September 2023.
- ^ Birnbaum, Emily (August 15, 2023). "US 'Dark Money' Donor Groups Accuse Each Other of Abusing System". Bloomberg. Retrieved 12 September 2023.
- ^ Bland, Scott (November 17, 2021). "Liberal 'dark-money' behemoth funneled more than $400M in 2020". Politico. Retrieved 12 September 2023.
- ^ Slanger, Addie (October 26, 2020). "Progressive-leaning D.C. nonprofit spends nearly $5 million for marijuana legalization". Bozeman Daily Chronicle. Retrieved 12 September 2023.
- ^ Ambarian, Jonathon (March 11, 2021). "Group that spent $5M on Montana marijuana legalization measures won't have to reveal donors". KTVH. Retrieved 12 September 2023.
- ^ Markay, Lachlan (July 12, 2021). "Dark money fights dark money". Axios. Retrieved 12 September 2023.