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A single foreign billionaire’s nonprofit was responsible for roughly one-sixth of a massive left-wing dark money group’s revenue over the past few years, according to a new report.
The Berger Action Fund, a nonprofit founded by Swiss billionaire Hansjorg Wyss, gave $143 million to the Sixteen Thirty Fund between 2019 and 2022, a new report from the Capital Research Center found, constituting roughly 16% of the group’s revenue. The Sixteen Thirty Fund involves itself heavily in electoral politics by boosting Democrats, fundingleft-of-center ballot initiatives and bankrolling get-out-the-vote operations aimed at mobilizing liberal demographics.
Using nonprofit disclosure reports, the Capital Research Center found that 31.5% of the Sixteen Thirty Fund’s publicly disclosed donations came from the Berger Action Fund between 2019 and 2022. Sixteen Thirty Fund engages in political activity but as a 501(c)(4) nonprofit does not have to disclose the sources of its funding. Nonprofits that donate to the group, however, are required to publicly disclose their contributions.
“It’s deeply concerning that a man like Hansjorg Wyss accounts for such a large portion of the Sixteen Thirty Fund’s revenues,” Parker Thayer, an analyst at the Capital Research Center and one of the report’s authors, told the Daily Caller News Foundation.
“Federal law prohibits foreign nationals from contributing to PACs in the United States, and the Sixteen Thirty Fund contributes millions every year to Democrats-aligned PACs,” he continued.
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