Arabella Sheds Light On The Dark-Money Groups Remaking America Millions Of Dollars At A Time

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The Federalist

Dark money groups have been shaping policy for years, doing the bidding of wealthy, anonymous left-wing ideologues. Now Scott Walter, president of Capital Research Center, brings them to light with his new book, Arabella.

Encounter Books released Arabella: The Dark Money Network of Leftist Billionaires Secretly Transforming America on April 9. Walter details the role of the shadowy Arabella network in moving money for powerful billionaires such as Warren Buffett, Bill Gates, and Hansjörg Wyss to fundamentally change American society.

 

This work is an essential primer for anyone, especially policymakers and reporters, on left-wing dark-money networks. It offers a captivating and concise, yet content-dense, history of Arabella Advisors and its work with unseen political forces.

Arabella has “funneled hundreds of millions of dollars through a daisy chain of groups supporting Democrats and progressive causes,” according to The New York Times.

Arabella has five branches: the New Venture Fund, the Hopewell Fund, the Windward Fund, the Sixteen Thirty Fund, and the North Fund. Walter explains these branches create “pop-up” groups that move funds to accomplish the aims of their donors, who stay anonymous. Capital Research, however, has spent years tracing the money.

The largest donor to Arabella groups is the Bill and Melinda Gates Foundation, which gave the group more than $456 million — including $127 million in 2020 — since 2008, according to the book, which draws on years of research from Capital Research. The Susan Thompson Buffett Foundation gave Arabella nonprofits close to $28 million in 2020, and the Rockefeller Foundation gave them a total of $15 million. The Wyss Foundation also gave close to $52 million to Arabella groups from 2010 to 2020. :snip: