The Media Democracy Fund (MDF) is a project of the New Venture Fund, a 501(c)(3) nonprofit managed by the left-leaning consulting firm Arabella Advisors.  It is the 501(c)(3) nonprofit affiliate of the advocacy group Media Democracy Action Fund, which is a project of the 501(c)(4) nonprofit Sixteen Thirty Fund, also managed by Arabella Advisors.
Media Democracy Fund (MDF)
- “About MDF.” Media Democracy Fund. Accessed January 21, 2019. http://mediademocracyfund.org/about-mdf/ ^
- “About MDF.” Proteus Fund (archived page). Archived January 3, 2007. Accessed October 7, 2019. https://web.archive.org/web/20070103030007/https:/www.proteusfund.org/mdf/. Archived here: https://www.influencewatch.org/app/uploads/2019/10/About-MDF.-Proteus-Fund-archived-page.-10.7.2019.pdf ^