Progressive Dark Money

Image credit: cincinnati.com

Joe Schoffstall at The Washington Free Beacon reports:

Liberal billionaires George Soros and Scott Wallace are helping bankroll a new fund hosted by an intricate dark money organization and focused on helping Democrats make inroads with midwestern voters for the 2020 elections.

The deep-pocketed donors moved the money from the Open Society Foundations, Soros's foundation, and the Wallace Global Fund, Wallace's foundation, to the newly launched Heartland Fund, a collaborative effort focused on building "power across the divides of the American heartland" as overall Democratic efforts have veered towards the region.

. . .

Future Majority, a Washington, D.C.-based Democratic strategy center, was also founded to focus on midwestern states in an effort to help "rebrand" the party and provide support to liberal organizations. The group is a registered 501(c)4 "social welfare" nonprofit and also does not have to disclose its donors.

Future Majority is planning to spend at least $60 million during the 2020 election cycle and is receiving help from megadonors Philip Munger, son of Berkshire Hathaway Vice Chairman Charles Munger, and Dan Tierney, who was the managing director of KGB Holdings, a global financial services company, before it sold in 2017. Munger and Tierney co-chair Future Majority's board.

The headline of this report is “Soros, Wallace Help Bankroll Dark Money Fund Aimed at Midwestern Voters.” Er, Ohio is in the Midwest. Full report is here.

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