The Hopewell Fund is a 501(c)(3) funding and fiscal sponsorship nonprofit managed by Arabella Advisors, a Washington, D.C.-based philanthropy consulting firm. The Hopewell Fund manages a number of left-of-center single-issue advocacy groups, including the Economic Security Project and pro-Obamacare Get America Covered.
The Hopewell Fund often operates alongside its “sister” nonprofits, primarily the 501(c)(4) Sixteen Thirty Fund and 501(c)(3) New Venture Fund, which both provide similar funding and fiscal sponsorship services to center-left advocacy organizations. All three funds are administered by Arabella Advisors, a Washington, D.C.-based philanthropy consulting firm that caters to left-leaning clients. The Windward Fund, another 501(c)(3) nonprofit, is also managed by Arabella Advisors and performs similar functions.
“Fake” Groups
The Hopewell Fund, like all four nonprofits managed by the for-profit consultancy Arabella Advisors, primarily exists to sponsor a number of “fake” groups: websites designed to look like standalone nonprofits. These “fake” groups rarely become fully-fledged nonprofits; instead, they typically exist to effect an issue advocacy campaign pushing left-wing policies and may disappear after the campaign is finished. The Hopewell Fund is one of the newer of Arabella’s four nonprofits, founded in 2015, and most of the “fake” groups it sponsors are focused on expanding abortion access and criticizing President Donald Trump’s healthcare policies. [1]
The Hopewell Fund describes its mission as “facilitat[ing] rapid and efficient launchers of well-resourced projects with diverse revenue and funding models, including charitable contributions and investments.” The group is managed by Arabella Advisors, which provides the nonprofit with staffers, “operational support in managing the organization,” and “supplemental consulting support for some Hopewell Fund projects” in exchange for fees paid to the company by the Hopewell Fund. [2]
The following are an example of known projects sponsored by the Hopewell Fund, more of which are listed at the bottom of this profile (under “Child Organizations”).
Equity Forward
Equity Forward is a project of the Hopewell Fund that aims to criticize legislation created by the Trump administration regarding healthcare. Equity Forward runs a campaign named “HHS Watch” that publishes opposition research on Trump administration nominees that are associated with socially conservative groups, especially those that are attacked by the controversial Southern Poverty Law Center. [3]
NFL Players Coalition
In December 2017, the Hopewell Fund became the fiscal sponsor of the NFL Players Coalition, the charitable vehicle created by the National Football League in November 2018 to “contribute $89 million over seven years to social justice causes.” [4] Hopewell Fund l was reportedly promised 50 percent of the total sum.
Economic Security Project
Hopewell Fund manages the Economic Security Project, which promotes guaranteed basic income. Such a program would create government cash payments to individuals. [5] [6] To this end, the Economic Security Project funds the Roosevelt Institute, the nominally libertarian Niskanen Center, Chesapeake Climate Action Network, Center for Popular Democracy, and the Stanford Basic Income Lab. [7] Black Lives Matter co-founder Alicia Garza is a founding signatory for the Economic Security Project, and Facebook co-founder Chris Hughes is a co-chair for the Project.
Known Hopewell Fund Projects
- Arizonans For Responsible Government
- Economic Security Project
- Economic Security Project Action
- Equity Forward (Equity Fwd)
- Get America Covered
- Impact Project
- Learning Together Project Fund
- Over Zero
- Players Coalition
- Resources for Abortion Delivery
- The Newsroom Network
Leadership
Board of Directors
Lee Bodner is the board chair and president of the Hopewell Fund. Bodner formerly served as the managing director for the for-profit philanthropy consulting firm Arabella Advisors which controls Hopewell Fund, New Venture Fund, Sixteen Thirty Fund, and Windward Fund. Bodner previously worked as the executive director of EcoAmerica, an environmental advocacy organization.
Andrew Schulz, an Arabella Advisors employee, is general counsel for the Hopewell Fund. He previously worked as in-house counsel for Council on Foundations.
Wilbur Priester, an Arabella Advisors employee, is the chief financial officer of the Hopewell Fund.
Michael Slaby is the board secretary of Hopewell Fund. Slaby previously worked as a Democratic Party operative and as chief technology for both of President Barack Obama’s campaigns.
Sampriti Ganguli is the board treasurer of Hopewell Fund. She is also the CEO of Arabella Advisors. [8]
Key Staff
In 2018, the Hopewell Fund spent $5,843,321 in salaries and employee compensation. [9] In 2017, the group spent $1,496,077 in salaries and employee compensation. [10]
Scott Nielsen is the managing director for Hopewell Fund, according to the group’s website. He was a Hopewell Fund board member from 2015 to 2016, but left the board in 2017; Nielsen is not reported as a paid employee or board member in the group’s 2018 IRS Form 990 filing. [11] Nielsen has a long history of working for left-leaning organizations as he previously worked as a program director for the John D. and Catherine T. MacArthur Foundation, and founded a consulting firm that provided services for organizations such as Open Society Foundations, W.K. Kellogg Foundation, Democracy Alliance, and more. [12]
Megan Cavanaugh is a Hopewell Fund project director. In 2018, she received total compensation of $234,178. [13] She is the managing director for Resources for Abortion Delivery, a project of Hopewell Fund which provides financial support to private abortion clinics. Cavanaugh was previously employed by Planned Parenthood Federation of America, where she worked as the national director for affiliate services. [14]
Bonnie Scott Jones is a Hopewell Fund project director; in 2017, she was listed as the group’s executive director. In 2018, she received total compensation of $189,342. [15] Jones formerly worked as an attorney for the Center for Reproductive Rights, a left-leaning abortion-rights organization that has received large donations from George Soros’ Open Society Foundations, Rockefeller Philanthropy Advisors, and the Borrego Foundation. [16] [17]
Courtney Cuff is a Hopewell Fund project director. In 2018, she received total compensation of $349,866. [18]
Christopher FitzSimon is a Hopewell Fund project director. In 2018, he received total compensation of $192,318. [19]
Mary Alice Carter is a Hopewell Fund project director. In 2018, she received total compensation of $190,049. [20]
Lobbying
Between 2018 and 2019 (Quarter 3), the Hopewell Fund spent just over $70,000 in lobbying the U.S. Congress (a version with the bills lobbied is available here): [21]
| Year | Quarter | Amount | Lobbyist | Lobbying Firm |
|---|---|---|---|---|
| 2018 | 4 | $5,600 | Anna Aurilio | Ms. Anna Aurilio |
| 2018 | 3 | $5,000 | Anna Aurilio | Ms. Anna Aurilio |
| 2018 | 4 | $20,000 | Robert Raben, Elliot Williams, Joe Onek, Diego Sanchez Gallardo, Timothy Lynch, Maria Price | The Raben Group |
| 2019 | 2 | $20,000 | Robert Raben, Elliot Williams, Joe Onek, Diego Sanchez Gallardo, Timothy Lynch, Maria Price | The Raben Group |
| 2019 | 2 | $20,000 | Rober Raben, Joe Onek, Diego Sanchez Gallardo, Timothy Lynch, Maria Price | The Raben Group |
Total:| $70,600 |
| | ||
Funding
Financial Overview
The Hopewell Fund is a 501(c)(3) nonprofit. In 2018, it reported $66.9 million in total revenues, $78.1 million in total expenditures, and $105.4 million in net assets. In 2018, the group paid $60 million in grants. [22] Hopewell Fund reported a total revenue of $16,552,056 in the organization’s 2016 IRS 990 filings, more than double the $6,895,261 it reported in 2015. [23]
An overview of the group’s finances from 2015 to 2018 is available below: [24]
| Hopewell Fund: Financial Overview (2015-2018) | ||||
|---|---|---|---|---|
| Total Revenues | Total Expenditures | Grants Paid | Net Assets | |
| 2018 | $66,892,414 | $78,113,237 | $60,039,868 | $105,422,530 |
| 2017 | $130,616,293 | $28,843,397 | $21,562,711 | $116,226,461 |
| 2016 | $16,552,056 | $7,818,000 | $5,662,344 | $14,789,805 |
| 2015 | $6,895,271 | $839,522 | - | $6,055,749 |
| Total: | $220,956,034 | $115,614,156 | $87,264,923 | |
Funds Spent on “Fake” Group Activism
According to its 2018 IRS Form 990 filing (archived here), the Hopewell Fund identified three program areas in which it spent money:
Hopewell spent $59,723,209 on “civil rights, social action, and advocacy,” of which $51,227,478 was paid out as grants to other nonprofits. [25]
Hopewell’s portfolio of civil rights, social action, and advocacy focus areas include addressing income inequality, improving civic engagement among traditionally underrepresented groups, and advancing state level economic and democracy reforms.
Hopewell spent $12,010,520 on “health” advocacy, of which $8,812,390 was paid out as grants to other nonprofits. [26]
Hopewell’s portfolio of health focus areas include women’s health, healthcare access, and reducing health disparities and avoidable infant mortality.
Hopewell spent $831,645 on “international development and foreign affairs.” [27]
Hopewell Fund’s international development & foreign affairs portfolio includes projects focused on preventing and reducing targeted group violence, and researching and providing public education on United States foreign policy and its impacts.
The Hopewell Fund also reported spending $2,510,502 on other unidentified program services. [28]
Donors to Hopewell Fund
According to tax returns, the Hopewell Fund received a grant of $3,120,070 from the Susan Thompson Buffet Foundation, a left-leaning philanthropic organization named for the late spouse of left-leaning billionaire Warren Buffett. [29]
The left-leaning Rockefeller Brothers Fund made multiple donations to the Hopewell Fund in 2017 according to the organization’s grants database. [30]
Other major grantors to the Hopewell Fund include the William and Flora Hewlett Foundation, James Irvine Foundation, John D. and Catherine T. MacArthur Foundation, Democracy Fund, Stephen M. Silberstein Foundation, and a number of community foundations and donor-advised fund providers. A complete list of grants from foundations to the Hopewell Fund between 2015 and 2017 is available below: [31]
| Hopewell Fund: Grantors | Amount | Year | Grant Description |
|---|---|---|---|
| Fidelity Investments Charitable Gift Fund | $20,584,100 | 2017 | For Grant Recipient'S Exempt Purposes |
| The Susan Thompson Buffett Foundation | $8,363,449 | 2016 | Project Support |
| The Susan Thompson Buffett Foundation | $3,120,070 | 2017 | Project Support |
| Fidelity Investments Charitable Gift Fund | $2,000,000 | 2016 | For Grant Recipent'S Exempt Purposes |
| The Susan Thompson Buffett Foundation | $369,200 | 2015 | Project Support |
| The William & Flora Hewlett Foundation | $350,000 | 2017 | For Support Of The Resources For Abortion Deliverys Business Sustainability Project |
| The James Irvine Foundation | $300,000 | 2017 | To Support Effective Implementation Of Cvca |
| Wellspring Philanthropic Fund | $293,875 | 2017 | Developing A Model To Neutralize Inflammatory Hate Speech And Prevent Mass Violence |
| Democracy Fund | $280,000 | 2017 | Program Support For Center For Election Innovation & Research |
| Silicon Valley Community Foundation | $270,000 | 2017 | General Nonprofit Support |
| The Nduna Foundation | $250,000 | 2016 | General Support |
| Imago Dei Fund | $200,000 | 2016 | General Use |
| Democracy Fund | $150,000 | 2017 | Program Support For Over Zero |
| John D & Catherine T Macarthur Foundation | $150,000 | 2017 | In Support Of The Kairos Fellowship, A Project To Diversify The Pool Of Social Media Organizers Working On National Social Justice-Oriented Campaigns. |
| Alfred P Sloan Foundation | $129,429 | 2017 | To Develop Centralized Coordination Capacity Within The Data Science Environment Partnership For Alumni Networking, Evaluation, And Internal And External Communications |
| The Rockefeller Foundation | $125,000 | 2017 | For Use By Its Economic Security Project Toward The Costs Of Research And Modeling To Explore The Viability Of Earned ome Tax Credit Innovation In Six States |
| The Educational Foundation of America | $125,000 | 2016 | Resources In Abortion Delivery |
| Grove Foundation | $100,000 | 2017 | Project Support |
| Lisa And Douglas Goldman Fund | $100,000 | 2017 | General Charitable Purposes |
| The Miner Anderson Family Foundation | $100,000 | 2017 | Checks And Balances Education Fund |
| Lisa And Douglas Goldman Fund | $100,000 | 2016 | General Charitable Purposes |
| Stephen M Silberstein Foundation | $100,000 | 2016 | Help Social Entrepreneurs And Other Change Makers Quickly Launch New, Innovative Social Change Projects |
| The Dyson Foundation | $100,000 | 2015 | Towards The Campaign For Accountability, A Project That Uses Research, Litigation And Communications To Expose Misconduct And Malfeasance In Public Life |
| Wellspring Philanthropic Fund | $88,000 | 2017 | Developing A Model To Neutralize Inflammatory Hate Speech And Prevent Mass Violence |
| Schwab Charitable Fund | $87,500 | 2017 | Social Services/Social Benefits |
| Alfred P Sloan Foundation | $81,662 | 2017 | To Develop Centralized Coordination Capacity Within The Data Science Environment Partnership For Alumni Networking, Evaluation, And Internal And External Communications |
| Oak Hill Fund | $75,000 | 2017 | Abortion Provider Loan Grant Fund |
| Compton Foundation | $75,000 | 2016 | Peace |
| Gordon Christian Trust | $60,000 | 2017 | General Support |
| Rockefeller Brothers Fund | $60,000 | 2016 | For Its Project, Localized |
| Jewish Community Federation Of San Francisco The Peninsula, Marin And Sonoma | $52,000 | 2017 | Public/Society Benefit |
| A L Mailman Family Foundation | $50,000 | 2017 | General Support |
| Combined Jewish Philanthropies Of Greater Boston | $50,000 | 2017 | Daf -General Philanthropy |
| Gordon E And Betty I Moore Foundation | $50,000 | 2017 | In Support Of A Part-Time Coordinator Position To Bolster The Effectiveness And Outreach Of The Moore-Sloan Data Science Environment Partnership |
| John S. And James L. Knight Foundation | $50,000 | 2017 | To Support The Economic Security Project, Providing General Support For Organizations Working On Basic ome. |
| Pittsburgh Foundation | $50,000 | 2017 | Philanthropy, Voluntarism, And Grantmaking |
| John S. And James L. Knight Foundation | $50,000 | 2016 | To Support The Basic ome Collaborative, Providing General Support For Organizations Working On Basic ome |
| Piantino Family Foundation | $50,000 | 2016 | Further Research On Cash Grants To Low ome Families |
| Tecovas Foundation | $50,000 | 2016 | Building The Infrastructure And Model For Localized, Cultivating Partnerships With Strategic Networks, And Database Development |
| The Schooner Foundation | $50,000 | 2015 | General Support |
| Leiser Family Foundation | $25,032 | 2017 | Human Services |
| Brush Foundation | $25,000 | 2016 | Project Grant Support For Video On Reproductive Rights Restrictions |
| The A.M. Fund | $25,000 | 2016 | General Funding |
| The Weber Family Foundation | $20,000 | 2016 | Unrestricted |
| Proteus Fund | $17,500 | 2017 | Economic Justice |
| US Charitable Gift Trust | $16,000 | 2017 | Philanthropy, Voluntarism & Grantmaking Foundations |
| Lopez Low Foundation | $15,000 | 2016 | To Support The Fund Manage Domestic And International Initiatives Aimed At Advancing Public Good And Achieving Equity For All People |
| Merrick Family Foundation | $12,000 | 2017 | General Support |
| Farese Family Foundation | $10,000 | 2017 | Checks And Balances Education Fund |
| Grant And Hope Winthrop Familyfoundation | $10,000 | 2017 | Protect Democracy Project |
| Frankel Family Foundation | $10,000 | 2016 | Restricted Funding |
| Merrick Family Foundation | $8,000 | 2016 | General Support |
| George E Seay III Foundation | $5,000 | 2017 | To Assist The Organization In Achieving Its Charitable Mission. |
| The Weber Family Foundation | $5,000 | 2017 | Unrestricted |
| George E Seay III Foundation | $5,000 | 2016 | To Assist The Organization In Achieving Its Charitable Mission |
| Grand Total | $38,897,817 |
Grants from Hopewell Fund
Between 2016 and 2018, the Hopewell Fund spent $82.6 million in grants to other organizations. [32]
| Grant Recipient | Year | Amount |
|---|---|---|
| UpStream USA | 2018 | $4,166,666 |
| Family Planning Associates Medical Group LTD | 2018 | $4,081,077 |
| FWD.Us Education Fund | 2018 | $3,800,000 |
| Windward Fund | 2018 | $2,500,000 |
| Refugees International | 2018 | $2,400,000 |
| Sixteen Thirty Fund | 2018 | $2,050,000 |
| Urban Justice Center | 2018 | $2,000,000 |
| Western Resource Advocates | 2018 | $2,000,000 |
| Florida Alliance for Civic Engagement | 2018 | $1,940,349 |
| Tides Foundation | 2018 | $1,899,000 |
| Sustainable Markets Foundation | 2018 | $1,800,000 |
| News for Democracy | 2018 | $1,720,000 |
| Animal Legal Defense Fund | 2018 | $1,500,000 |
| ParentsTogether Foundation | 2018 | $1,100,000 |
| Tides Center | 2018 | $1,100,000 |
| ASPCA | 2018 | $1,000,000 |
| Environmental Defense Fund | 2018 | $1,000,000 |
| The Voter Participation Center | 2018 | $1,000,000 |
| Impact Justice | 2018 | $950,000 |
| One Arizona | 2018 | $847,000 |
| UpStream USA | 2018 | $833,334 |
| Maine Peoples Resource Center | 2018 | $630,000 |
| Refugees International | 2018 | $600,000 |
| The Commonwealth Institute for Fiscal Analysis | 2018 | $565,000 |
| Famm Foundation | 2018 | $562,500 |
| The Hope Clinic for Women LTD | 2018 | $546,625 |
| Civil Rights Corps | 2018 | $500,000 |
| Memphis Center for Reproductive Health | 2018 | $500,000 |
| Ohio Campus Compact | 2018 | $500,000 |
| The Colorado Independent | 2018 | $500,000 |
| Access Health Center | 2018 | $393,350 |
| State Voices | 2018 | $350,000 |
| NC Justice Center | 2018 | $325,000 |
| Movement Strategy Center | 2018 | $300,000 |
| Insyght Institute | 2018 | $289,560 |
| Gynuity Health Projects | 2018 | $287,500 |
| Women's Health Center of West Virginia | 2018 | $265,000 |
| Whole Woman's Health of Peoria LLC | 2018 | $258,050 |
| Friends of Lacoe: A Foundation for Learning | 2018 | $250,000 |
| New Era Colorado Foundation | 2018 | $243,843 |
| A Woman's Choice of Jacksonville | 2018 | $240,550 |
| The Movement Cooperative | 2018 | $231,250 |
| National Campaign to Prevent Teen Pregnancy | 2018 | $217,274 |
| Lawyers' Committee for Civil Rights Under Law | 2018 | $200,000 |
| Medicines360 | 2018 | $200,000 |
| Pennsylvania Voice | 2018 | $200,000 |
| The Vera Institute of Justice | 2018 | $200,000 |
| Voter Registration Project | 2018 | $196,000 |
| Data for Democracy | 2018 | $189,231 |
| For Our Future Action Fund | 2018 | $187,690 |
| Project Drawdown | 2018 | $175,000 |
| The Urban Institute | 2018 | $175,000 |
| Nell Policy Center | 2018 | $160,000 |
| Center for Public Interest Research | 2018 | $150,000 |
| ColorofChange.org Education Fund | 2018 | $150,000 |
| Equality Now, Inc. | 2018 | $150,000 |
| The Asia Society | 2018 | $150,000 |
| Northland Family Planning | 2018 | $147,408 |
| Feminist Women's Health Center | 2018 | $144,214 |
| Insight Center for Community Economic Development | 2018 | $140,000 |
| The Five Lakes Project | 2018 | $137,850 |
| Michigan Avenue Center for Health LTD | 2018 | $137,575 |
| Advantage Health Care LTD | 2018 | $129,250 |
| Alliance for a Just Society | 2018 | $126,063 |
| America Votes | 2018 | $125,000 |
| Maryland Citizens Health | 2018 | $125,000 |
| The Energy Foundation | 2018 | $125,000 |
| Maryland Family Network | 2018 | $120,000 |
| Leadership Now Project | 2018 | $119,953 |
| Women's Health Services PC | 2018 | $113,234 |
| League of Women Voters of Southern Nevada | 2018 | $110,800 |
| Hektoen Institute for Medical Research | 2018 | $108,244 |
| Allegheny Reproductive Health Center | 2018 | $100,000 |
| Allentown Women's Center | 2018 | $100,000 |
| Aspen Institute | 2018 | $100,000 |
| Blue Mountain Clinic | 2018 | $100,000 |
| Columbus Women's Health | 2018 | $100,000 |
| Family Planning Association of Maine | 2018 | $99,513 |
| Metropolitan Planning Council | 2018 | $85,875 |
| The Trustees of Columbia University in the City of New York | 2018 | $85,500 |
| Aanchor Health Center | 2018 | $83,325 |
| Gynecology and More | 2018 | $83,050 |
| Children's Guild | 2018 | $77,500 |
| PICO National Network | 2018 | $76,000 |
| Defending Democracy Together | 2018 | $75,000 |
| Institute on Taxation and Economic Policy | 2018 | $75,000 |
| Springboard to Opportunities | 2018 | $75,000 |
| Washington Center for Equitable Growth, Inc. | 2018 | $75,000 |
| Emma Goldman Clinic | 2018 | $69,675 |
| John D. and Catherine T. MacArthur Foundation | 2018 | $68,981 |
| Catholic Climate Covenant | 2018 | $66,000 |
| Desert Star Family Planning | 2018 | $63,460 |
| Hispanic Federation | 2018 | $58,800 |
| Trust Women Foundation | 2018 | $58,797 |
| Blue Morning | 2018 | $54,217 |
| The Hope Clinic for Women LTD | 2018 | $52,000 |
| Street Art Anarchy | 2018 | $51,000 |
| Institute for the Future | 2018 | $50,000 |
| National Academy of Social Insurance | 2018 | $50,000 |
| Whole Woman's Health Alliance | 2018 | $42,000 |
| California Budget & Policy Center | 2018 | $40,000 |
| Capital CARE Network of Toledo | 2018 | $40,000 |
| University of New Mexico Health Services Center | 2018 | $39,412 |
| A Capital Women's Health Clinic | 2018 | $38,055 |
| The Fund for a Healthier Colorado | 2018 | $37,972 |
| Cedar River Clinic | 2018 | $35,000 |
| Southern Tier Women's Health | 2018 | $35,000 |
| Joan G. Lovering Health Center | 2018 | $30,000 |
| Maine Center for Economic Policy | 2018 | $30,000 |
| Women's Health Center of Duluth PA | 2018 | $25,412 |
| Faith in Public Life | 2018 | $25,000 |
| Foundation to Promote Open Society | 2018 | $25,000 |
| Greater Washington Community | 2018 | $25,000 |
| Latinos United for a New America | 2018 | $25,000 |
| MomsRising Education Fund | 2018 | $25,000 |
| Network Education Program | 2018 | $25,000 |
| Ohio Organizing Collaborative | 2018 | $25,000 |
| The Regents of the University of California | 2018 | $25,000 |
| Public Knowledge | 2018 | $24,479 |
| Boulder Valley Women's Health | 2018 | $24,400 |
| Chinese for Affirmative Action | 2018 | $24,000 |
| Colorado Fiscal Institute | 2018 | $22,250 |
| New York University | 2018 | $21,634 |
| Asian Americans Advancing Justice - Asian Law Caucus | 2018 | $20,000 |
| HealthQuarters | 2018 | $20,000 |
| Michigan League for Public Policy | 2018 | $20,000 |
| Policy Matters Ohio | 2018 | $20,000 |
| Working People of Colorado | 2018 | $20,000 |
| Ultraviolet Education Fund | 2018 | $19,250 |
| Jannus | 2018 | $17,250 |
| Montana Budget and Policy Center | 2018 | $17,250 |
| Jain Family Institute | 2018 | $16,200 |
| Colorado Center on Law and Policy | 2018 | $15,000 |
| Fair Democracy | 2018 | $15,000 |
| National Network of Aboriton Funds | 2018 | $15,000 |
| University of Chicago | 2018 | $15,000 |
| Red River Women's Clinic | 2018 | $14,941 |
| Jakara Movement | 2018 | $14,000 |
| Freed Center for Independent Living | 2018 | $12,000 |
| Washington State Bidget and Policy Center | 2018 | $12,000 |
| The Rules Foundation | 2018 | $10,000 |
| Free Press | 2018 | $9,000 |
| ACCE Institute | 2018 | $8,500 |
| Greater Sacramento Urban League | 2018 | $8,500 |
| MI Familia ota Education Fund | 2018 | $8,000 |
| Resources for Independence Central Valley | 2018 | $8,000 |
| Solid Ground Washington | 2018 | $8,000 |
| Sacramento Area Congregations | 2018 | $7,500 |
| Asian Resources | 2018 | $5,000 |
| League of Women Voters of Sacramento County | 2018 | $5,000 |
| National League of Cities | 2018 | $5,000 |
| Trustees of the University of Pennsylvaia | 2018 | $5,000 |
| United for a New Economy | 2018 | $5,000 |
| Whole Woman's Health of Peoria | 2018 | $5,000 |
| Priorities USA Foundation | 2017 | $4,985,000 |
| Voter Registration Project Education Fund | 2017 | $2,940,000 |
| New Venture Fund | 2017 | $2,681,974 |
| Checks and Balances Education Fund | 2017 | $1,612,338 |
| Archer Initiatives, LLC | 2017 | $1,109,744 |
| Sixteen Thirty Fund | 2017 | $875,000 |
| Purpose Project, Inc. | 2017 | $836,066 |
| Memphis Center for Reproductive Health | 2017 | $750,000 |
| Fuller Project for International Reporting, Inc. | 2017 | $357,670 |
| Center for Election Innovation and Research, Inc. | 2017 | $281,952 |
| Women's Health Services | 2017 | $274,353 |
| Women's Health Center of West Virginia | 2017 | $230,423 |
| Krug, LLC | 2017 | $227,496 |
| African American Civic Engagement Initiative | 2017 | $200,000 |
| Preterm Cleveland | 2017 | $175,000 |
| Women's Health Specialists | 2017 | $174,903 |
| Hektoen Institute for Medical Research | 2017 | $157,500 |
| Center for Popular Democracy | 2017 | $150,000 |
| The Franklin and Eleanor Roosevelt Institute | 2017 | $150,000 |
| Chesapeake Climate Action Network | 2017 | $125,000 |
| Women's Health Center of Duluth, P.A. | 2017 | $112,000 |
| Leland Stanford Junior University | 2017 | $110,500 |
| Asociacion Puertorriquena Pro Biensestar de la Familia | 2017 | $100,000 |
| Allegheny Reproductive Health Center | 2017 | $100,000 |
| Mabel Wadsworth Women's Health Center | 2017 | $100,000 |
| Blue Mountain Clinic | 2017 | $100,000 |
| Nova Health Systems, Inc. | 2017 | $100,000 |
| Trust Women Foundation, Inc. | 2017 | $100,000 |
| Joan G. Lovering Health Center | 2017 | $96,192 |
| Feminist Women's Health Center, Inc. | 2017 | $84,740 |
| Cedar River Clinics | 2017 | $82,700 |
| Disrupt DC Education Fund | 2017 | $80,098 |
| The Arc of the United States, Inc. | 2017 | $80,000 |
| Health Quarters | 2017 | $77,500 |
| Family Planning Association of Maine | 2017 | $76,882 |
| Red River Women's Clinic | 2017 | $75,000 |
| Children's Action Alliance | 2017 | $75,000 |
| University of Alaska Foundation | 2017 | $75,000 |
| Robbinsdale Clinic, P.A. | 2017 | $71,376 |
| The Urban Institute | 2017 | $70,000 |
| One Arizona | 2017 | $70,000 |
| Engage Michigan | 2017 | $53,400 |
| Maine Center for Economic Policy | 2017 | $50,000 |
| Faith in Public Life, Inc. | 2017 | $50,000 |
| Access Health Center | 2017 | $50,000 |
| Fiscal Policy Institute | 2017 | $50,000 |
| MomsRising Education Fund | 2017 | $50,000 |
| Equality Health Center | 2017 | $47,050 |
| Family Planning Specialists | 2017 | $45,994 |
| California Budget & Policy Center | 2017 | $45,000 |
| A Capital Women's Health Clinic | 2017 | $43,941 |
| Emma Goldman Clinic | 2017 | $40,785 |
| Institute on Taxation and Economic Policy | 2017 | $40,000 |
| League of Women Voters of California Education Fund | 2017 | $40,000 |
| ProgressNow Education | 2017 | $40,000 |
| Regents of the University of Michigan | 2017 | $38,500 |
| Family Reproductive Health | 2017 | $37,919 |
| Keystone Research Center | 2017 | $35,000 |
| Washington State Budget and Policy Center | 2017 | $35,000 |
| California Calls Education Fund | 2017 | $35,000 |
| Campaign for Accountability | 2017 | $33,970 |
| Cope Familiy Center | 2017 | $32,000 |
| State Innovation Exchange | 2017 | $30,000 |
| Colorado Civic Engagement Roundtable | 2017 | $30,000 |
| Coalition for Humane Immigrant Rights of Los Angeles | 2017 | $30,000 |
| The Film Collarborative, Inc. | 2017 | $30,000 |
| USBIG, Inc. | 2017 | $30,000 |
| Voices for Utah Children | 2017 | $25,000 |
| Golden State Opportunity | 2017 | $25,000 |
| Disability Rights California | 2017 | $25,000 |
| Latinos United for a New America (LUNA) | 2017 | $25,000 |
| Common Cause and Education Fund | 2017 | $25,000 |
| Bread for the World Institute | 2017 | $25,000 |
| Network Education Program | 2017 | $25,000 |
| Y Combinator Research, Inc. | 2017 | $25,000 |
| A Woman's World Medical Center | 2017 | $25,000 |
| Montana Budget and Policy Center | 2017 | $20,000 |
| Organize Sacramento | 2017 | $20,000 |
| Missouri Budget Project | 2017 | $20,000 |
| Citizen's Climate Lobby | 2017 | $15,000 |
| Boston Critic, Inc. | 2017 | $15,000 |
| National Iranian American Council | 2017 | $15,000 |
| Boulder Valley Women's Health Center | 2017 | $10,245 |
| Gynecology and More | 2017 | $7,500 |
| Institute for the Future | 2017 | $7,000 |
| Desert Star Family Planning | 2017 | $5,000 |
| Netroots Foundation | 2017 | $5,000 |
| Access Health Center | 2016 | $50,000 |
| American Center | 2016 | $80,000 |
| Aphrodite Medical, PLLC | 2016 | $40,000 |
| Archer Initiatives, LLC | 2016 | $441,577 |
| Checks and Balances Education Fund | 2016 | $128,000 |
| Family Planning Association of Maine | 2016 | $100,000 |
| Family Planning Specialists | 2016 | $110,000 |
| Feminist Women's Health Center, Inc. | 2016 | $37,500 |
| Fuller Project for International Reporting, Inc. | 2016 | $21,000 |
| GiveDirectly, Inc. | 2016 | $25,000 |
| Latinos United for a New America (LUNA) | 2016 | $5,000 |
| Mabel Wadsworth Women's Health Center | 2016 | $100,000 |
| Majority Ohio | 2016 | $45,203 |
| Niskanen Center, Inc. | 2016 | $50,000 |
| SWC Detroit | 2016 | $12,000 |
| The Hope Clinic for Women, Ltd. | 2016 | $21,863 |
| Trust Women Foundation, Inc. | 2016 | $100,000 |
| Voter Registration Project Education Fund | 2016 | $3,724,000 |
| Whole Women's Surgical Center | 2016 | $194,200 |
| Women's Health Center of Duluth, P.A. | 2016 | $100,000 |
| Grand Total: | $82,684,192 |
In 2017, the Hopewell Fund gave just under $5 million to Priorities USA Foundation, a Democratic Party-aligned advocacy group affiliated with the Priorities USA super PAC. [33] The Priorities USA organizations are funded by major left-leaning figures, among them Donald Sussman, George Soros, and Fred Eychaner. [34] [35]
Consulting and Management Fees
Between 2015 and 2018, the Hopewell Fund paid roughly $10.2 million in consulting and management fees, $6.2 million of which was paid to Arabella Advisors for management services. [36]
| Hopewell Fund: Consulting Fees | Total (2015-2018) |
|---|---|
| Arabella Advisors | $6,249,712 |
| Benenson Strategy Corp. | $1,191,746 |
| Precision Strategies | $920,788 |
| David Binder Research | $491,100 |
| Bellwether Education Partners | $463,000 |
| SKDKnickerbocker | $427,646 |
| Bigify | $169,733 |
| 270 Strategies | $127,523 |
| Summer Strategies | $120,000 |
| Total | $10,161,248 |
Financial Documents
The Hopewell Fund’s 2016, 2017, and 2018 IRS filings are available here:
Hopewell’s IRS Form 1023 application for IRS tax exempt status is available here; the file also includes:
- a description of Hopewell’s charitable activities;
- examples of Hopewell’s projects concerning “alleviating child poverty” and “serving as a charity incubator”;
- Hopewell’s initial board of directors and officers (Eric Kessler, Scott Nielsen, and Michael Slaby), as well as their “qualifications”;
- Hopewell’s articles of incorporation, filed in the District of Columbia on April 9, 2015;
- the nonprofit’s bylaws; and
- an administrative agreement between the Hopewell Fund and Arabella Advisors for the latter to provide paid management services to the former.
The Hopewell Fund received IRS tax exempt recognition on October 16, 2015; its IRS letter is available here.