Thursday, December 23, 2021

What's the North Fund

"A newly obtained copy of the fund’s 2020 IRS Form 990 filing reveals its shocking growth between 2019 and 2020, from $9.3 million to over $66 million, a single-year increase of 613 percent. That’s impressive growth for an organization created just three years ago. If it were a private company, North Fund’s success would’ve surely skyrocketed it to the front of Forbes magazine.

Where did that money come from? At least 46 percent—nearly half—flowed in from two “sister” nonprofits: the Sixteen Thirty Fund and New Venture Fund. Both are part of a $1.7 billion nonprofit empire run by the enigmatic consultancy Arabella Advisors in Washington, DC. The rest of the eye-popping, seven-figure donations came from a handful of anonymous donors. . . 

North Fund bankrolled activist groups pushing gun control, amnesty for illegal aliens, fracking and “fossil fuel” bans, federally funded abortions, and targeted get-out-the-vote campaigns to boost Democratic turnout."

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