The report said that Swiss billionaire Hansjörg Wyss has donated massive amounts of money “though a daisy chain of opaque organizations that mask the ultimate recipients of his money.”
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The Wyss Foundation, located in Washington, D.C., registered under a section of the U.S. tax code that bans it from giving money to support partisan political campaigns. “But it can, and does, donate to groups that seek to influence the political debate in a manner that aligns with Democrats and their agenda, including the Center for American Progress, a liberal think tank where Mr. Wyss sits on the board,” The Times added. “The organization was started by John D. Podesta, a top White House aide to Presidents Bill Clinton and Barack Obama. A foundation that Mr. Wyss led as chairman and that has since merged with the Wyss Foundation paid Mr. Podesta as an adviser, and the two men remained close, according to associates.”
Another Wyss foundation — the Berger Action Fund — shares office spaces with The Wyss Foundation and is registered under a section of the U.S. tax code that allows it to “spend money supporting and opposing candidates, or to donate to groups that do.”
The Berger Action Fund donated more than $135 to the Sixteen Thirty Fund, which The Times notes is “among the leading dark money spenders on the left.” The Sixteen Thirty Fund donated more than $63 million to PACs promoting Democrats or opposing Republicans in 2020, including pro-Biden groups and “the scandal-plagued anti-Trump group Lincoln Project.” Tax filings for the Sixteen Thirty Fund do not specify how it spent the money it received from Wyss’s foundations.
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The Wyss Foundation, located in Washington, D.C., registered under a section of the U.S. tax code that bans it from giving money to support partisan political campaigns. “But it can, and does, donate to groups that seek to influence the political debate in a manner that aligns with Democrats and their agenda, including the Center for American Progress, a liberal think tank where Mr. Wyss sits on the board,” The Times added. “The organization was started by John D. Podesta, a top White House aide to Presidents Bill Clinton and Barack Obama. A foundation that Mr. Wyss led as chairman and that has since merged with the Wyss Foundation paid Mr. Podesta as an adviser, and the two men remained close, according to associates.”
Another Wyss foundation — the Berger Action Fund — shares office spaces with The Wyss Foundation and is registered under a section of the U.S. tax code that allows it to “spend money supporting and opposing candidates, or to donate to groups that do.”
The Berger Action Fund donated more than $135 to the Sixteen Thirty Fund, which The Times notes is “among the leading dark money spenders on the left.” The Sixteen Thirty Fund donated more than $63 million to PACs promoting Democrats or opposing Republicans in 2020, including pro-Biden groups and “the scandal-plagued anti-Trump group Lincoln Project.” Tax filings for the Sixteen Thirty Fund do not specify how it spent the money it received from Wyss’s foundations.
