ANTI-TRUMP GROUPS USE TAX LOOPHOLE TO HIDE FINANCES
Two left-wing organizations dedicated to opposing President Donald Trump’s cabinet nominations are using a tax loophole to hide their finances from public scrutiny.
The “Trump Transparency Project,” an advocacy arm of the organization Allied Progress, is “dedicated to holding President-elect Donald Trump’s transition and eventual administration accountable for its economic appointments and policies that betray hardworking Americans.”
While most organizations are required to disclose information on their donors, dark money organizations such as Allied Progress and the “Trump Transparency Project” use a tax loophole to hide their financial information.
Allied Progress is organized under the auspices of the New Venture Fund, a left-wing “fiscal sponsor” categorized as a tax-exempt 501 (c)(3) that handles legal compliance and logistics for Allied Progress and over 100 other organizations.
Allied Progress Action, the organization’s advocacy arm is part of a similar organization, the Sixteen Thirty Fund, that supports 501(c)(4) “social welfare” advocacy groups.