• Swiss billionaire Hanscherg Wiss has pledged $500 million to “left-wing advocacy groups” despite a ban on foreigners influencing American politics, according to a new Americans for Public Trust report. Donated nearby.
• Whis exploits “loopholes” that allow foreigners to donate to 501(c)(3) and (c)(4) groups, which may then donate to political ends. claims the report.
• A spokesperson for the Wyss Foundation and Berger Action Fund told the Daily Caller News Foundation that these groups “do not endorse or oppose any candidate or political party, or participate in any other political campaign.” No,’ he said.

Swiss-born left-wing billionaire takes advantage of “loophole” in federal law to fund two 501(c) nonprofits, according to new Americans for Public Trust (APT) report This is said to have an impact on American politics.

Hansjörg Wiss is a Swiss national and biotech magnate with an estimated net worth of ¥20 million. $4.9 billion According to Forbes magazine, the APT said he transferred more than $475 million of his funds to two nonprofits, which in turn sent money to “left-wing advocacy groups” in the United States. report Released on Saturday. Two organizations, the Wyss Foundation and the Berger Action Fund, are incorporated under Internal Revenue Code 501(c)(3) and 501(c)(4), respectively, and are authorized to receive foreign contributions and to political parties. Both donations are allowed. cause. (Related: House Republicans introduce bill to close foreign campaign funding loophole)

Most of the money goes to Arabella Advisors Network, a for-profit consultancy that manages “black money” donations from left-wing donors, the report said. Wyss nonprofits fund prominent left-wing nonprofits such as Family Planning and the National Redistricting Action Fund. The group is led by former Attorney General Eric Holder. I support Included in the report are lawsuits seeking to redraw Republican-drawn congressional districts, as well as the Sixteen Thirty Fund, a venture capitalist-style fund that fosters social justice groups.

🚨Swiss billionaire Hansjerg Wiss has poured nearly $500 million into liberal black money networks. @ArabellaAdvisor.

He uses a “foreign influence loophole” to circumvent the ban on foreigners influencing US elections. https://t.co/5ZyfyHrN8H pic.twitter.com/zdndwM97Qv

— Americans Seeking Public Trust (@apublictrust) July 10, 2023

“These groups leverage significant resources to advance progressive agendas, shape policy debates and decisions, and ultimately influence American elections,” the report said. has been written.

Currently US citizens and non-citizens only US citizen Foreigners with legal permanent residency in the United States donation Foreigners are criminally prohibited from making such donations, according to the Federal Election Commission, and are donated to political candidates, political parties and PACs.

Billionaires George Soros and Pierre Omidyard, who have supported left-wing causes, also Already used According to Fox News, Arabella Advisor will manage the charity, but they are both US citizens. Wyss has lived in Wyoming for many years, but his U.S. immigration status is: Unclearaccording to the New York Times.

Aside from his donations, Wyss also serves on the board of directors for the left-wing nonprofit Center for American Progress. explained Politico called it “the most influential think tank of the Biden era.” Whis co-founder John Podesta is now Biden’s senior adviser on climate issues, and the group’s immediate past chairman, Neela Tanden, is chairman of the White House Domestic Policy Council. there is

According to the report, in 2021, $62.7 million in donations from Wyss’ nonprofits will go to groups seeking to advance the political agenda of the Biden administration.

Some of Mr. Wyeth’s donations to the United States amounted to “seemingly illegal political activity,” donating $120,000 to Democratic candidates from 1990 to 2006, but was never prosecuted for the matter. rice field. prescriptionclaims the report.

Weiss’ left-wing views are openly promoted in his biography, written by his sister Heidi. “Ms. Wyss seeks to reinterpret the U.S. Constitution in the light of progressive politics,” she wrote, which was cited by APT.

A spokesperson for the Wyss Foundation and the Berger Action Fund told the Daily Caller News Foundation that the organizations “do not support or oppose any political candidate or party, or engage in any other political movement.” No,’ he said.

Arabella Advisors did not respond to a request for comment.

All content produced by the Daily Caller News Foundation, an independent, nonpartisan news distribution service, is available free of charge to legitimate news publishers capable of serving large audiences. All reissues must include our company logo, press byline, and DCNF affiliation. If you have any questions about our guidelines or partnering with us, please contact us at licensing@dailycallernewsfoundation.org.