by Mitch Kokai
Senior Political Analyst, John Locke Foundation
A dark money group run by a liberal investor and financed by a handful of seven- and eight-figure donors is bankrolling over a hundred disparate initiatives and nonprofit organizations, some of which have popped up in electoral contests around the country, internal documents reveal.
From environmental restrictions in Colorado to an education-related ballot initiative in Mississippi to “issue ads” attacking a vulnerable Republican U.S. Senator in New Hampshire, groups organized under the auspices of the New Venture Fund are involved in numerous political and policy efforts.
NVF is an umbrella group that acts as a fiscal sponsor for scores of left-wing nonprofits and policy initiatives. As of 2012, it was helping to run and steer funds to 105 such groups, according to internal documents obtained by the Washington Free Beacon.
Those documents reveal for the first time the full scope of NVF’s network of supported groups from 2010 through 2012. That network is likely larger by now: in 2010, the group took in just $16.3 million in contributions, according to annual tax filings; by 2013, that number increased almost seven-fold to $111.8 million.