Tag: American Bridge 21st Century

by Chris White   Two left-leaning large super pac groups that kickstarted a digital ad campaign targeting President Donald Trump’s coronavirus response have ties to a wealthy, shadowy dark money network. American Bridge 21st Century and Pacronym are reportedly cutting ads thrashing Trump’s handling of the virus and becoming two of the first super pacs to go after the president on the health crisis. Both groups also have ties to two large nonprofit groups — New Venture Fund and Sixteen Thirty Fund — connected to a massive left-leaning consulting group. NVF gave one of Pacronym’s nonprofit — ACRONYM — $250,000 while providing American Bridge $40,000 in 2018, according to NVF’s 2018 IRS documents. IRS records also indicate American Bridge pulled in $200,000 in 2018 from nonprofit Sixteen Thirty Fund, which reportedly spent $141 million on various left-leaning causes during the midterm election year. Sixteen Thirty Fund and nonprofit NVF are tied into the same sprawling network, according to an analysis by the Daily Caller News Foundation. Arabella Advisors, a philanthropic consulting company based in Washington, D.C., manages four nonprofits, including the NVF, Sixteen Thirty Fund, Hopewell Fund and the Windward Fund. Sixteen Thirty Fund has not responded to the DCNF’s request for comment, while NVF…