One of the left’s largest financial power centers saw its fundraising and spending drop significantly the year after former President Donald Trump left office. But the group remains a major force in politics and advocacy: Its spending in 2021 was also three times higher than in the year after the previous presidential race, a sign of how it and other liberal nonprofits exploded in size and scope during the Trump era.
The Sixteen Thirty Fund took in nearly $191 million and spent $174 million last year, according to a new tax filing obtained by POLITICO. The group distributed over $107 million in grants to other outside organizations on the left, and it spent tens of millions more as the “fiscal sponsor” of other projects housed inside the nonprofit. One example: Lower Drug Prices Now, a coalition of labor unions, progressive organizations and other advocacy groups campaigning against pharmaceutical prices.
The totals pale in