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Washington Free Beacon Arabella Advisors-managed funds stealthily support progressive initiatives December 11, 2020 4:00 PM Anonymous donors pumped an eye-popping $715 million into a massive dark money network used to bankroll liberal efforts across the country, new tax forms reveal. The cash went to funds managed by Arabella Advisors, a D.C.-based consulting firm, in 2019. Once donors send the cash to the funds, it is then transferred to dozens of left-wing initiatives that fall under their auspices, as well as to outside groups. Recent Stories in Democrats The Arabella network consists of four funds: the Sixteen Thirty Fund, New Venture Fund, Windward Fund, and Hopewell Fund. Each Arabella-managed fund provides its tax and legal status to the groups that sit beneath them. Under this setup, known as fiscal sponsorship, the sponsored groups are not standalone nonprofits and do not have to file tax forms to the IRS, effectively obscuring information such as financials, board mem

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