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The massive windfall from Sixteen Thirty Fund in 2020 was, by itself, more than twice as much as America Votes raised the previous year.
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Sixteen Thirty Fund’s single biggest outlay in 2020 - $129 million - went to America Votes, the liberal umbrella group that works on voter registration and turnout and collaborates with other political groups across the left. The Open Society Foundations, founded by liberal mega-donor George Soros, also lists nearly $17 million in 2020 grants to the Sixteen Thirty Fund on its website.
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A person with Sixteen Thirty Fund, speaking on condition of anonymity, said that contributions from organizations funded by Wyss did not increase in 2020. But in addition to Omidyar’s self-disclosure, the New York Times revealed earlier this year that Swiss billionaire Hansjörg Wyss’ nonprofits gave more than $135 million to the Sixteen Thirty Fund in recent years, which was earmarked for non-electoral purposes. Tech billionaire Pierre Omidyar and his wife, Pam, disclosed earlier this year that they were responsible for the $45 million gift, which went to Civic Action Fund, a fiscally sponsored project of the Sixteen Thirty Fund.Īnother four donors gave between $10 million and $20 million, and 27 more gave between $1 million and $5.3 million.Īs a nonprofit, Sixteen Thirty Fund is not required to disclose its donors, even though it spends significant sums on politics. “I’m struggling to think of any group I’ve ever come across that has a single contribution that large,” said Maguire, who noted that it could be from an individual or from another nonprofit or other group. Half of the haul came from just four donors, who gave contributions of $86.2 million, $52.7 million (in the form of stock), $45.7 million and $45 million to Sixteen Thirty Fund. Sixteen Thirty Fund’s total 2020 fundraising came to nearly $390 million - a new record for the group, and nearly three times more than the approximately $140 million it raised in 20. “Alongside our partners and projects, we scaled up quickly (growing 175 percent from 2019), enabling progressive donors to step up like never before to help in the face of intersecting crises and imminent threats.” The group’s strength in 2020 was its ability to “quickly and efficiently launch new initiatives through our fiscal sponsorship model,” Sixteen Thirty Fund President Amy Kurtz wrote in a Medium post on Wednesday. Sixteen Thirty Fund’s fiscal sponsorship model - in which it serves as an incubator and administrator to help get new progressive advocacy organizations off the ground - is a point of emphasis for the group, as is its backing of campaign finance reforms that would require it and other nonprofit groups to disclose donors and potentially reduce their influence on politics. While Sixteen Thirty Fund has grown to a similar scope in dollar terms, the organization rejects comparisons to the Koch network, casting both its mission and its model as different than the longtime liberal bogeymen. “I am really struggling to think of any other group, especially recently, that could rival it,” he added, comparing the amount of money flowing through Sixteen Thirty Fund to the Koch brothers’ network at the height of its influence earlier this decade. “Altogether this is absolutely one of the largest fundraising machines I have ever come across,” said Robert Maguire, the research director for the open-government group CREW and an expert in political nonprofits. After decrying big-money Republican donors over the last decade, as well as the Supreme Court rulings that flooded politics with more cash, Democrats now benefit from hundreds of millions of dollars of undisclosed donations as well. Its massive 2020 fundraising and spending illustrates the extent to which the left embraced the use of “dark money” to fight for its causes in recent years.