#Dark-Money

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Research: The Funding Ratchet
2026-07-26 · 9 min · research
How donor-advised funds and fiscal sponsorship obscure who pays for advocacy — the identical provenance-hiding structure run at comparable scale by the left (Arabella), the right (DonorsTrust/Leo/Marble), and foreign state channels (USAID/NED), and how the same money wires into the designation machine.