The White House / Flickr
CV NEWS FEED // A new report from Gabe Kaminsky of The Free Press exposed how Families Over Billionaires, an anti-Trump organization presenting itself as a grassroots movement against tax cuts for the wealthy, is actually backed by a network of billionaire donors.
Founded by former staff of Joe Biden and Kamala Harris days after President Donald Trump’s inauguration, the group has raised an eight-figure budget to oppose Republican tax policies. While it claims to represent ordinary Americans, financial records reveal that the organization is primarily funded by Arabella Advisors, a consulting firm that manages a vast dark money network aligned with Democratic megadonors.
According to Kaminsky, the group receives financial support from billionaires, including Bill Gates, eBay founder Pierre Omidyar, LinkedIn co-founder Reid Hoffman, and George Soros.
Scott Walter, president of the Capital Research Center, called the movement “a plaything of megadonors uninterested in ordinary Americans’ money,” according to The Free Press.
Kaminsky’s report explained that Arabella Advisors oversees nonprofit entities such as the Sixteen Thirty Fund, the Hopewell Fund, and the New Venture Fund. These organizations provide financial and administrative support to progressive advocacy groups while allowing them to avoid independent financial disclosures.
Families Over Billionaires, along with many other initiatives housed under Arabella, operates as a registered trade name rather than a separate legal entity, making it difficult to trace how funds are allocated.
Documents reviewed by The Free Press indicate that Arabella-linked funds have established dozens of advocacy groups under different names, giving the appearance of independent grassroots movements while operating under the same financial umbrella.
The report stated that these groups distribute hundreds of millions of dollars annually to support progressive causes, including climate activism, diversity initiatives, voter registration efforts, and Democratic political action committees.
An anonymous former New Venture Fund official told The Free Press that the organization’s structure serves more to shield billionaire donors and consultants than to create real policy change.
He said, “They created an intentionally complex web of interrelated organizations that espouse anti-corporatist beliefs and call themselves grassroots, but really serve to consolidate power into the hands of a few influential individuals.”
