A watchdog group has filed an IRS complaint alleging that Eric Kessler, founder of Arabella Advisors, illegally benefited financially from nonprofits his firm manages.
Article III Project president Mike Davis and former United States attorney Harry Litman joined Fox News @ Night to discuss Judge Jacksons testimony. network in the country is facing an Internal Revenue Service complaint alleging that its founder illegally benefited financially through its intricate setup. against entities affiliated with Arabella Advisors, a Washington, D.C., consulting firm that manages a handful of nonprofits that act as fiscal sponsors for many left-wing dark money groups.
Arabella Advisors manages four nonprofits that host dozens of liberal groups, including one that works with the on policy. The network's web of groups sits under the Arabella-managed New Venture Fund, Sixteen Thirty Fund, Windward Fund and Hopewell Fund. A fifth, the North Fund, has also been linked to the network. Each fund is a fiscal sponsor to other nonprofits by providing their tax and legal status to those housed beneath them.
Funds in the nexus have also passed money to entities with links to Democratic leadership. In 2020, the Sixteen Thirty Fund gave $750,000 to , a dark money nonprofit affiliated with then-House Speaker Nancy Pelosi, tax forms show. That same year, the Sixteen Thirty Fund directed $500,000 to the Sen. Chuck Schumer-aligned Senate Majority PAC.
"There are serious questions as to whether the Kessler-Affiliated Nonprofits have directly diverted substantial portions of their income and assets for the personal benefit of Mr. Kessler," the complaint read."Each of these entities has made substantial independent contractor payments to a for-profit, limited liability company founded and controlled by Mr. Kessler.
"The payments have also vastly exceeded the initial estimates that the Kessler-Affiliated Nonprofits provided to the IRS on their applications for tax exemptions." "This is a meritless complaint from an organization that is obviously pursuing an agenda," Sampson said."To be clear, Arabella Advisors is a business dedicated to making philanthropic work more efficient, effective, and equitable. We pride ourselves on helping our clients identify efficiencies, saving them tens of millions of dollars in operational costs and allowing them to focus their resources on their intended impact.
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