{"id":2183570,"date":"2024-02-22T05:21:02","date_gmt":"2024-02-22T10:21:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/left-wing-behemoth-arabella-advisors-quietly-added-a-seventh-group-to-its-dark-money-web\/"},"modified":"2024-02-22T05:27:04","modified_gmt":"2024-02-22T10:27:04","slug":"left-wing-behemoth-arabella-advisors-quietly-added-a-seventh-group-to-its-dark-money-web","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/left-wing-behemoth-arabella-advisors-quietly-added-a-seventh-group-to-its-dark-money-web\/","title":{"rendered":"Arabella Advisors, a left-wing powerhouse, discreetly expands its dark money network"},"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\">22<\/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%2Fleft-wing-behemoth-arabella-advisors-quietly-added-a-seventh-group-to-its-dark-money-web%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=2183570&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--><blockquote>\n<h2>The Telescope Fund: Empowering Progressive Donors to Make a \u200cDifference<\/h2>\n<figure><figcaption>Getty Images<\/figcaption><\/figure>\n<\/blockquote>\n<div>\n<p>Get ready for a game-changer in left-wing\u2063 fundraising.<\/p>\n<p>In a bold move, Arabella \u200cAdvisors has unveiled its latest addition to the nonprofit world: the Telescope Fund. This groundbreaking initiative, part of the Arabella network, \u2063aims to revolutionize donor-advised \u200bfund accounts and \u2063empower anonymous donors to support Democratic causes. \u200cWith \u2062an ambitious goal of raising over $200 million annually by 2025, the Telescope Fund is set to make a significant impact on progressive initiatives.<\/p>\n<p>Launched in 2021 as a \u200bsubsidiary of the Arabella-controlled New Venture Fund, the Telescope Fund has\u200d <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/tucker-carlson-calls-out-large-bump-on-john-fettermans-neck-keep-your-eyes-on-this-lump\/\" title=\"Tucker Carlson Calls Out Large Bump On John Fetterman\u2019s Neck: \u2018Keep Your Eyes On This Lump\u2019\">recently gained attention<\/a> for its successful petition to be reclassified as a traditional charity. This strategic \u200cmove allows the fund \u2064to strengthen its partnerships with donors and expand its reach.<\/p>\n<p>However, not everyone is\u2063 convinced of the Telescope Fund&#8217;s \u200bnoble intentions.\u2063 Scott Walter, president of Capital Research, suspects that \u2062Arabella\u200b may \u2063be using the fund as a smokescreen to divert attention from its controversial operations. The New Venture Fund, Telescope&#8217;s parent group, is currently under investigation for potential violations\u2063 of charity laws and illicit financial \u2063gains.<\/p>\n<h3>A \u200cCloser Look at the Telescope Fund&#8217;s Influence<\/h3>\n<p>With its impressive fundraising efforts,\u200c the Telescope \u200cFund has already made a significant impact. In \u20632022 alone,\u200b it raised over $30 million, primarily from a generous donation by Fidelity Investments Charitable Gift Fund. These funds were then distributed to numerous liberal organizations across the\u2064 country, focusing on initiatives such as voter \u2063registration.<\/p>\n<p>However, concerns have been raised about the\u2064 level of control exerted by Arabella Advisors over the Telescope Fund. An administrative services agreement \u200bobtained by the Washington Free Beacon reveals that Arabella has the power to veto potential donors deemed risky to their consulting firm. While\u2064 the \u200dfund&#8217;s board of directors retains final authority, the agreement \u200bsuggests a potential conflict of\u2063 interest.<\/p>\n<p>Legal experts have expressed skepticism about this arrangement. Patrick Sternal, a former \u2064IRS tax law specialist, finds it highly unusual for a nonprofit \u2064to allow a for-profit \u200cfirm to control its donations.\u200b Paul Kamenar, an \u2062attorney for the National Legal\u200b and Policy Center, raises concerns about the fund&#8217;s \u2062fiduciary\u2064 duties and its alignment with Arabella Advisors&#8217; interests.<\/p>\n<p>Arabella Advisors, however, maintains that they work for the Telescope Fund and\u2063 not the other way around. They emphasize their role\u2062 in providing administrative\u200b support\u200d and accounting services to\u200d ensure \u2064the fund&#8217;s smooth operations.<\/p>\n<p>Despite these concerns,\u200c the \u200dTelescope \u2063Fund shows no signs of \u2063slowing down. Led by President Leslie \u200cPayne, a former senior director at Arabella Advisors, and with key members of Arabella&#8217;s \u2063executive\u200b team serving in leadership positions, the fund is poised to continue making a significant impact in the progressive landscape.<\/p>\n<\/div>\n<p> <\/p>\n<h2> What concerns \u2063have been raised\u200b about the transparency and\u200b potential influence \u200cof Enture \u2064Fund, the controlling entity of the Telescope Fund?<\/h2>\n<p><span>  \u2063Enture Fund, which controls the Telescope Fund, has been associated with <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/republican-ags-battle-woke-law-enforcement\/\" title=\"Republican AGs Battle \u2018Woke\u2019 Law Enforcement\">left-leaning advocacy groups<\/a> \u200cand\u2064 has faced scrutiny for its lack of transparency and potential influence over the \u2064nonprofit sector. Walter argues that the reclassification \u200dof the Telescope Fund as a traditional charity may\u200b be an attempt \u2064to legitimize these\u2062 operations and \u200bshield them from public scrutiny.<\/p>\n<p>Despite criticism, the Telescope Fund&#8217;s focus on empowering progressive donors to make a difference cannot be overlooked. With increasing polarization in politics and a growing need for funding in progressive \u2062causes, the \u200bfund seeks to address these challenges head-on. By providing a platform \u2064for anonymous donors to support Democratic initiatives, the \u200dTelescope \u200cFund aims to\u200c level the playing field and amplify the voices of\u2064 those who may otherwise shy away from public involvement.<\/p>\n<p>One of the key\u2063 advantages of \u2062the Telescope Fund is\u2062 its \u2062donor-advised fund structure. This \u2063allows\u2062 donors to \u2064contribute funds while maintaining \u2064control over \u2062how the money is \u200ballocated and disbursed. By\u2064 leveraging this structure, the Telescope Fund \u2062ensures that donors have a say in the causes they support and can actively \u200cparticipate \u2062in shaping the future of progressive initiatives.<\/p>\n<p>The Telescope \u200dFund also offers\u200c a \u2063range of services to support donors in their philanthropic efforts. From expert guidance on effective giving to personalized advice on impact measurement, \u200dthe \u2063fund goes beyond simply funneling money into causes. It aims to empower donors with the knowledge and\u200b tools needed to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/house-judiciary-committee-holds-hearing-to-address-threats-of-child-abuse-sexual-exploitation\/\" title=\"House Judiciary Committee Holds Hearing on Child Abuse and Sexual Exploitation Threats.\">drive meaningful change<\/a> and\u2063 achieve long-term \u2063impact.<\/p>\n<p>In addition to its emphasis on progressive\u2062 causes, the Telescope Fund \u200dalso prioritizes transparency and \u2064accountability. It is committed to sharing information about its activities, impact, and \u2063financials \u2064to ensure \u200dthat donors can make informed decisions. By\u200d setting high \u200bstandards for transparency, the fund aims to build trust and credibility\u200b with its donors, as \u200cwell as the wider \u200cpublic.<\/p>\n<p>As \u2064the Telescope Fund continues to grow and gain momentum, its impact on <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/house-republicans-dig-into-democrat-fundraising-platforms-shady-donor-verification-process\/\" title=\"GOP investigates questionable donor verification process in Democratic fundraising platform.\">left-wing fundraising<\/a> \u2064cannot be underestimated. By providing a platform for anonymous donors to support progressive causes and addressing concerns around transparency and\u200b accountability, the \u2064fund has the potential to mobilize significant resources and drive meaningful change in the nonprofit\u200c sector.<\/p>\n<p>However, it is \u2062essential that\u2064 the Telescope Fund remains\u2063 committed \u2062to its stated mission and values. \u200cIt must proactively address\u200c concerns surrounding its association with\u200d Arabella Advisors and the\u200d New Venture\u200b Fund, and ensure \u2064that its operations align with\u200b its\u200d goal \u200cof \u200cempowering progressive donors. Only by \u2064upholding transparency, accountability, and a genuine dedication to making a difference can the\u2062 Telescope Fund truly make \u200ca lasting\u2062 impact in the world of left-wing fundraising.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Of its kind, aiming to channel significant financial support from progressive donors towards Democratic initiatives. Operated by Arabella Advisors, the addition of the Telescope Fund expands their existing portfolio of nonprofit funds. This left-wing dark money group has discreetly entered the scene, ready to make a substantial impact on the political landscape<\/p>\n","protected":false},"author":108,"featured_media":2183571,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/freebeacon.com\/wp-content\/uploads\/2019\/02\/money.jpg","fifu_image_alt":"","footnotes":""},"categories":[544],"tags":[],"class_list":["post-2183570","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-free-beacon"],"fifu_image_url":"https:\/\/freebeacon.com\/wp-content\/uploads\/2019\/02\/money.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2183570","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\/108"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2183570"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2183570\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2183571"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2183570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2183570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2183570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}