{"id":2001507,"date":"2023-08-15T16:25:01","date_gmt":"2023-08-15T20:25:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/democratic-arabella-dark-money-network-faces-irs-complaint-over-lining-ex-clinton-aides-pockets\/"},"modified":"2023-08-15T16:29:34","modified_gmt":"2023-08-15T20:29:34","slug":"democratic-arabella-dark-money-network-faces-irs-complaint-over-lining-ex-clinton-aides-pockets","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/democratic-arabella-dark-money-network-faces-irs-complaint-over-lining-ex-clinton-aides-pockets\/","title":{"rendered":"Dark money network linked to Democratic Arabella Advisors faces IRS complaint for enriching former Clinton aide."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">32<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fdemocratic-arabella-dark-money-network-faces-irs-complaint-over-lining-ex-clinton-aides-pockets%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2001507&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Nonprofit Groups Accused of \u200dIllegally Diverting Funds \u2062to Benefit Founder<\/h2>\n<p>A watchdog group has filed a complaint with the IRS, alleging that nonprofit groups within the largest Democratic-linked dark money network in the United States may have illegally funneled money to\u2062 benefit the founder of the for-profit firm overseeing them. The conservative watchdog,\u200c Americans for Public\u200b Trust, claims that these groups, managed \u200bby Arabella Advisors, have potentially \u200dabused their <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/leah-remini-says-her-16-year-old-daughter-keeps-her-woke\/\" title=\"Leah Remini Says Her 16-Year-Old Daughter Keeps Her \u2018Woke\u2019\">tax-exempt status<\/a> by paying the firm over $228\u200d million in above fair-market fees over the past two decades.<\/p>\n<h3>Complex Dark Money Network<\/h3>\n<p>Arabella Advisors, founded by former White \u200dHouse appointee Eric Kessler, has been heavily involved in\u200b Democratic politics through its management of liberal nonprofit\u200c groups such as New\u200b Venture Fund, Sixteen Thirty Fund, Windward Fund, and Hopewell Fund. \u200cAmericans for Public Trust alleges that Kessler misled the IRS and may have personally benefited \u2062by redirecting\u2062 nonprofit funds back into his own pocket\u200b through Arabella Advisors.<\/p>\n<p>&#8220;Eric Kessler \u200ccreated one of the most complex and\u200c <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/democratic-arabella-dark-money-network-faces-irs-complaint-over-lining-ex-clinton-aides-pockets\/\" title=\"Dark money network linked to Democratic Arabella Advisors faces IRS complaint for enriching former Clinton aide.\">sophisticated dark money networks influencing<\/a> U.S. politics and policy today,&#8221; said Caitlin Sutherland, the \u2064executive director of Americans for\u200d Public Trust. &#8220;Now, it appears as though \u200bhe \u200dmisled the IRS and may\u2063 have illegally personally benefited by\u2063 rerouting nonprofit cash back into his own pocket through Arabella Advisors.&#8221;<\/p>\n<h3>Questionable \u2064Control and Partisan Activity<\/h3>\n<p>The complaint highlights Arabella&#8217;s significant level of \u2063control over New \u200cVenture Fund and other groups it sponsors, as revealed in\u2062 the consultancy&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-state-department-blocks-congressional-investigation-into-scandal-plagued-iran-envoy\/\" title=\"Biden's State Department thwarts Iran envoy scandal probe.\">internal employee handbook<\/a>. New Venture Fund and similar organizations, including North Fund, serve as umbrella \u2063groups for influential left-wing advocacy hubs that are not required\u2064 to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/dark-money-fuels-push-to-ditch-filibuster\/\" title=\"Dark Money Fuels Push to Ditch Filibuster\">file tax forms<\/a> with the \u200dIRS. In July, New Venture \u200bFund was accused of potentially engaging in <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/top-democratic-operatives-were-quietly-pulling-the-strings-at-a-voting-rights-group-lawyers-say-they-may-have-broken-the-law\/\" title=\"Democratic operatives allegedly exerted influence behind the scenes at a voting rights group, potentially violating the law, according to lawyers.\">partisan campaign activity<\/a>, which is prohibited for\u200c tax-exempt charities.<\/p>\n<h3>Financial Figures and Response<\/h3>\n<p>The nonprofit groups \u200cunder Arabella \u2062received\u2062 a combined $3.3 billion in 2020 and 2021. Americans for Public Trust&#8217;s complaint states that \u200cNew Venture Fund paid Arabella \u2063$166 million between 2006 and\u200c 2021, while Sixteen Thirty \u200bFund paid almost $25 million, Windward Fund provided $11.9 million, and Hopewell Fund \u200bcontributed\u200d nearly $25 million. Arabella \u2062Advisors has \u2062not yet responded\u2062 to \u200dthe allegations.<\/p>\n<h3>Questioning the Nonprofit Groups&#8217; Purposes<\/h3>\n<p>The complaint contrasts\u2064 the stated purposes of the Arabella nonprofit groups with the payments made to Arabella Advisors. New Venture Fund claims to focus \u2062on environmental preservation and protection, while \u2063Sixteen Thirty\u2064 Fund aims to advocate for progressive policies. Windward Fund raises \u200bawareness about environmental conservation, and\u200c Hopewell Fund seeks to \u2064achieve lasting improvements to society. Americans\u2064 for Public Trust argues that these payments primarily\u200c benefit \u200bArabella and\u200b its creator, rather than serving the public good.<\/p>\n<p>The watchdog group \u2064calls on the IRS to revoke the tax-exempt status of the nonprofit groups affiliated with Arabella, as it believes they are \u2063not operating exclusively for \u2064exempt purposes.<\/p>\n<p>The \u200ccomplaint from Americans for Public Trust follows a similar\u200b call for investigation by the\u200b liberal watchdog Campaign\u2063 for\u200c Accountability, which targeted nonprofit groups affiliated with conservative activist Leonard Leo. Americans for Public Trust has received \u2063funding from DonorsTrust, a \u2064right-leaning \u200bfund, and identifies as an independent organization\u200c dedicated to upholding\u200c the law for all\u200d politicians and political groups.<\/p>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/\">Click here<\/a> to read \u200bmore from the Washington\u200b Examiner.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A watchdog claims that nonprofit groups within the US&#8217;s biggest Democratic-linked dark money network may have unlawfully redirected a significant portion of their funds and assets to benefit the founder of the overseeing for-profit firm. Arabella Advisors was established in 2005 by Eric Kessler, a former White House appointee under President Bill Clinton&#8217;s Interior Department.<\/p>\n","protected":false},"author":1,"featured_media":2001508,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-2001507","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2001507","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2001507"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2001507\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2001508"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2001507"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2001507"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2001507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}