For The Long Term

FTLT receives a significant portion of its funding from the Ford Foundation, one of the largest left-of-center grantmaking organizations in the United States. The Omidyar Network—a philanthropy funded by Pierre Omidyar, the founder of international e-commerce platform eBay and a long-time left-of-center advocacy donor—has also provided a substantial amount of funding for FTLT. ^{1 2}

Democratic operative David Wallack is executive director of For the Long Term. ³ He is also the executive director of the Democratic Treasurers Association, a group supporting the election of Democrats to state financial officers’ positions. ⁴The DTA identifies compliance with ESG principles, like those endorsed by For The Long Term, as one of its key criteria for the candidates it backs. ^{5 6}

Partnerships

For The Long Term claims to have dozens of state, county, and city treasurers on board with its agenda. The organization highlights the actions of its allies in municipal governments when they support left-progressive societal objectives. It celebrated Oregon Treasurer Tobias Read (D) for prioritizing environmental, social, and governance (ESG) causes in the state’s taxpayer-funded investment portfolio, and praised Nevada Treasurer Zach Conine (D) for implementing a program aimed at enabling the state’s marijuana industry. ²

Leadership

Dave Wallack is the executive director of For The Long Term and has held the position since January 2020. Previously, he managed finances and fundraising for left-of-center organizations such as the Democratic Senatorial Campaign Committee and the Democratic Congressional Campaign Committee, which provide resources to Democratic Party congressional candidates. He has also worked directly with various House and Senate campaigns. Wallack received his bachelor’s degree in business administration from the University of Florida and his master’s degree in the same field from Stanford University. He also studied demography and population studies at Georgetown University. ⁷

Delilah Rothenberg is a member of the FTLT board of directors. She is the co-founder and executive director of the Predistribution Initiative (PDI), an organization which pressures financial services providers to choose their investments in ways that advance left-progressive causes. She previously worked for a broad range of financial management institutions, including an investment project run by the United States Agency for International Development, a United Nations investment planning working group, and the now-defunct financial firm Bear Stearns. ⁸ Rothenberg started her career in Democratic Party politics, working as an intern at the office of then-U.S. Senator Hillary Clinton (D-NY). Shortly before she helped found PDI, she completed an economics fellowship with the Open Society Foundations, the flagship organization within the global activism network of left-wing billionaire George Soros. ⁹

Financials

In 2021, the Ford Foundation gave For The Long Term a $400,000 grant through the Amalgamated Charitable Foundation, a donor-advised fund affiliated with Amalgamated Bank, a financial institution owned by the Service Employees International Union. ¹⁰