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Wellspring Philanthropic: The Heart of dark Money”
Foundation: Tides Foundation, Fidelity Investments Charitable Gift Fund, Vanguard Charitable Endowment
The Wellspring Philanthropic Fund is a near-bottomless pit of "dark money" anonymous spending to achieve political ends.
Using a sophisticated network of for-profits, shell corporations, and consultancies, Wellspring has poured out an incredible $1.1 billion into nonprofits.
In 2017, the foundation began making grants to individual, non-DAF organizations giving over $28 million to explicitly political nonprofits, all of them left-wing.
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