Republican megadonor Jeff Yass and his inner circle have given tens of millions of dollars in recent years to shape federal policy, education and legal matters, according to records reviewed by CNBC.
A poker-playing, libertarian billionaire, Yass is the largest individual donor to federal candidates this election cycle, with more than $46 million so far in contributions, according to data from the nonpartisan OpenSecrets.Yass has given very few interviews and largely avoided publicity. But his charitable giving offers a rare window into his priorities and goals.
The two foundations have combined to give over $25 million to libertarian-minded nonprofit groups since 2016, according to more than a dozen tax records reviewed by CNBC. The fund is a private equity investment vehicle that Susquehanna International Group controls, according to Pitchbook. As Yass surged to the top of the nation's biggest donor list, he met in March with Donald Trump, the presumptive Republican nominee for president.
Some of the organizations that have seen money from Yass-Dantchik led nonprofits actively campaign to end or limit government regulations and alter the workings of federal agencies. Yass no longer holds that position, or even a seat, on Cato's board. A Cato spokesperson did not reply to questions from CNBC about why Yass is no longer a trustee.Just this year, Cato officials have taken stances on at least two key issues that impact Yass and his firm.
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