Hours after U.S. Supreme Court Justice Anthony Kennedy announced his retirement in July 2018, a well-funded non-tax-exempt entity called “Demand Justice” popped up denouncing potential Trump nominees to the court, including Brett Kavanaugh and Amy Barrett.
Arabella Advisors, which is owned by Arabella Acquisition LLC, operates five tax-exempt entities: the New Venture Fund, Sixteen Thirty Fund, Hopewell Fund and North Fund. All the funds have interlocking officers, most at the same corporate address, and have management contracts with Arabella Advisors.
In 2018, Arabella-controlled nonprofits took in $1.2 billion, and in the 2020 election cycle, a staggering $2.4 billion. It raised a billion more than the Democratic National Committee and the Republican National Committee combined. Since inception, Arabella’s nonprofits have paid out nearly $5 billion on so-called “education and advocacy” issues. The network, Walter concludes, “is nothing if not a gigantic money-laundering machine for left-wing mega donors.”
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