Governing for Impact (GFI) is a secretive left-of-center regulatory policy think tank created in 2019 to “prepare a new administration for transformative governance” by writing left-leaning regulatory recommendations for federal bureaucratic agencies.  GFI and its sister 501(c)(4) organization, the Governing for Impact Action Fund, were created as fiscally sponsored projects of the New Venture Fund and Sixteen Thirty Fund, respectively, the flagship nonprofits of the Arabella Advisors network. 
Initial funding for GFI and the Governing for Impact Action Fund came from the philanthropic network of left-leaning billionaire George Soros. In 2019 and 2020, Soros’s Foundation to Promote Open Society and the Open Society Policy Center provided roughly $13 million in grants to the New Venture Fund and Sixteen Thirty Fund that were designated for GFI and the Governing for Impact Acton Fund.
GFI’s primary function is researching and writing on regulatory policy in order to draft policy memorandums for various departments in the executive branch. The GFI website, which, through June 2022, has remained hidden from conventional search engines and discoverable only by those who know the URL, shows 34 policy papers drafted by GFI covering the issue areas of education, environment, healthcare, housing, and labor. GFI’s internal budget presentations, however, state that the organization has drafted more than 60 policy papers which also include issue areas like nutrition and agriculture, policing, treasury, and voting. The policy papers for these latter categories could not be found among the 34 papers on the hidden GFI website. In a 2022 budget presentation GFI employees also boasted that the Biden Administration had taken action on more than 20 of GFI’s regulatory recommendations.  
The group’s internal budget presentation also shows that multiple federal regulatory officials have spoken with Governing for Impact about their work, most notably Sharon Block, the Biden administration’s top regulatory official who served as acting director of the Office or Information & Regulatory Affairs (OIRA) through January 2022. According to the presentation, Block told GFI that she was “jumping out of [her] seat with excitement” at the idea of GFI continuing and expanding its operations. 
GFI advocates for a broad range of left-wing regulatory policy reforms including cancelling student loan debt, changing Title IX rules to include transgender students, ending the federal coal leasing program, expanding Obamacare, and requiring single-sex homeless shelters to admit transgender applicants. 
GFI is managed by executive director Rachael Klarman. Klarman is the daughter of Harvard Law School Professor Michael Klarman, and is herself a graduate of Harvard Law School. Klarman previously worked as a legal policy analyst at Democracy Forward, and as Deputy Chief of Staff for the gubernatorial campaign of Tom Perriello, who is now the executive director of US operations for the Foundation to Promote Open Society and a member of GFI’s board. 
GFI operations director Lila Greenwood previously worked directly for Arabella Advisors. 
GFI is also overseen by a board of directors. 
Board chair Sam Fullwood III is the Dean of the School of Communication at American University. 
Board member Ilyse Hogue is the former president of NARAL Pro-Choice America, a board member for Demand Justice, and the current President of Purpose, a left-leaning “social impact agency” which helps nonprofits and corporations launch awareness and activism campaigns. 
Board member Tom Perriello is the executive director of US Programs for the Foundation to Promote Open Society, former president and CEO of the Center for American Progress Action Fund, and a former congressman and gubernatorial candidate(D, VA).