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FIRST ON FOX: A damning caller study was released Tuesday greeting up of a House Ways & Means Committee proceeding aimed astatine exposing overseas actors sending wealth to U.S. nonprofits.
The hearing, which is titled, "Foreign Influence successful American Non-profits: Unmasking Threats from Beijing and Beyond," volition statesman astir 10:00 a.m. (EST).
Six overseas entities person funneled much than $2.65 cardinal into American politics, according to the caller study by blimpish watchdog Americans for Public Trust (APT), which highlights a loophole that APT says allows overseas nationals to funnel wealth to power American authorities "virtually unchecked."
Foreign nationals are prohibited from donating straight to governmental campaigns, but wealth supporting U.S. candidates for bureau oregon their viewpoints tin besides travel from 501(c)(3) and (c)(4) nonprofits.
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"Foreign donors tin presently money U.S.-based advocacy groups – astir often 501(c)(3)s and 501(c)(4)s – virtually unchecked," the study alleges. It adds that portion the wealth APT uncovered is "highly concerning" solely connected its own, determination is "undoubtedly adjacent much overseas backing sources backing and influencing U.S. advocacy efforts."
The six entities highlighted successful APT's study travel from Switzerland, Denmark and the United Kingdom. The largest donor identified successful the study was Switzerland-based Oak Foundation, established by British billionaire retail mogul Alan Parker, which has fixed astir $753 cardinal to U.S.-based advocacy groups.
Through the Oak Foundation, Parker has supported left-wing biology groups similar Greenpeace, the Environmental Law Institute, the World Resources Institute and the World Wildlife Fund, according to the Capital Research Center's Influence Watch, which cited the group's assistance database that present appears to beryllium removed.
Influence Watch added that done its grants, the Oak Foundation has positioned itself arsenic a large protagonist of China's Belt and Road Initiative, which China critics reason is portion of a geopolitical strategy disguised arsenic infrastructure investment.
APT's study besides points retired that the Swiss-based Oak Foundation has poured tens of millions into the Arabella web of left-wing advocacy groups, including $67 cardinal to the New Venture Fund, $12 cardinal to the Windward Fund and $2.8 cardinal to the Hopewell Fund. The left-wing Tides Foundation has besides received wealth from the Oak Foundation.
The left-wing Arabella web received backing from the Copenhagen-based KR Foundation and the Swiss-based Laudes Foundation arsenic well, according to APT, which recovered these 2 groups person passed a combined $55.6 cardinal to U.S. advocacy groups. The KR Foundation was founded by the descendants of Villum Kann Rasmussen, a Danish civilian technologist and businessman who founded the VKR Group, portion the Laudes Foundation was established by the Brenninkmeijer family, a German-Dutch concern dynasty.
Entities founded by Swiss billionaire Hansjörg Wyss came successful 2nd connected APT's database of six overseas donor organizations. The Wyss Foundation and the Berger Action Fund person reportedly passed much than $673 cardinal to U.S.-based advocacy groups.
"The groups funded by Wyss utilize their immense resources to beforehand a progressive agenda, mold argumentation debates and decisions, and power American elections. His overseas backing web focuses connected argumentation priorities specified arsenic extremist environmentalism, championing sweeping changes to predetermination laws, and straight engaging successful run activities, including elector mobilization efforts and governmental onslaught ads," APT's study states. "Wyss’ overseas wealth has recovered its mode to salient left-wing organizations including Fund for a Better Future, the League of Conservation Voters, the National Redistricting Action Fund, Planned Parenthood, and Indivisible."
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The remaining 2 overseas entities mentioned successful APT's report, the U.K.-based Children's Investment Fund Foundation (CIFF) and the Quadrature Climate Foundation, person allegedly passed hundreds of millions of dollars to U.S.-based groups, respectively, akin to Parker's and Wyss' groups.
CIFF has passed astir $638.2 cardinal to U.S. advocacy groups, portion Quadrature Climate Foundation has passed implicit astir $532.5 million, according to APT.
CIFF, backed by British billionaire Christopher Hohn, has engaged successful "aggressive left-wing advocacy" astir clime alteration and social justice, including a radical wanting to prohibition state stoves, according to APT. Among the backing is besides much than $10 cardinal to 2 Arabella-manged nonprofits, according to the report.
APT besides accuses CIFF of fostering "alarming ties to groups successful China linked to the Chinese Communist Party," pointing retired its CEO is portion of a subordinate enactment overseen by the CCP and holds a presumption with "the Belt and Road International Green Development Coalition."
Meanwhile, the Quadrature Climate Foundation, which besides donates to the Arabella network, has been described arsenic sending its grants to "some of the world's astir influential run groups and technological institutions" successful an effort to steer "both probe and lobbying connected the greenish transition." It is the philanthropic limb of the London-based hedge money Quadrature Capital, founded by billionaires Greg Skinner and Suneil Setiya.
Quadrature Climate Foundation's largest recipient, according to APT, was ClimateWorks Foundation, which got $147 cardinal from them. 25 cardinal dollars of that wealth went "to enactment the acceleration of electrical vehicles," portion different $6 cardinal was reportedly earmarked for fiscal regularisation efforts aimed astatine mitigating clime alteration risks.
"For years, overseas organizations and megadonors person softly poured billions of dollars into the U.S. governmental sphere with small to nary accountability," APT complained successful its report. "Foreign backing has infiltrated astir each assemblage of the U.S. governmental sphere."
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