“Liberal dark-money behemoth raised nearly $140M last year”

Politico:

One of the left’s biggest financial hubs raised $137 million from anonymous donors in 2019 — a massive sum that funded an eight-figure ad campaign attacking Republican senators, bolstered key pieces of Democratic and environmentalist infrastructure and supported expensive ballot measure campaigns.

The nine-figure influx to the Sixteen Thirty Fund last year, detailed in a new tax filing, almost equaled the group’s fundraising during the 2018 midterm elections, when the nonprofit raised $143 million and

The “social welfare organization” — which, unlike a super PAC, is not required to disclose the identities of its donors — has multiplied in size during the Trump administration, becoming one of the biggest financial forces in American politics. Sixteen Thirty Fund’s rise signaled the left’s embrace of nonprofit groups it long derided as “dark money,” when the right dominated the space during the Obama years….

More than half of the Sixteen Thirty Fund’s money came from just three anonymous sources in 2019: One donor gave more than $33 million, while another chipped in $29.3 million and a third made a $12.1 million contribution. An additional four contributors gave between $5 million and $10 million in 2019, and 11 more gave at least $1 million. Altogether, those 18 donors gave more than $127 million — more than 90 percent of the Sixteen Thirty Fund’s total inflow last year.

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