Dark Money Fund

Soros, Wallace Help Bankroll Dark Money Fund - FreeBeacon

Liberal billionaires George Soros and Scott Wallace are helping bankroll a new fund hosted by an intricate dark money organization and focused on helping Democrats make inroads with midwestern voters for the 2020 elections.

The deep-pocketed donors moved the money from the Open Society Foundations, Soros's foundation, and the Wallace Global Fund, Wallace's foundation, to the newly launched Heartland Fund, a collaborative effort focused on building "power across the divides of the American heartland" as overall Democratic efforts have veered towards the region.

Soros and Wallace are both members of the Democracy Alliance, the left's most powerful dark money donor network. Democracy Alliance members have pushed $1.83 billion into progressive infrastructure since its inception but have, at least temporarily, shifted their focus to state-based initiatives, including targeting rural areas. The alliance is planning to spend at least $275 million for the 2020 elections, confidential memos on its upcoming efforts show.

Liberal operative David Brock, the Clinton loyalist and founder of Media Matters, additionally has mapped out a $50 million plan to "weaken" Trump in midwestern states using American Bridge. Priorities USA, the largest liberal super PAC, has plans to pour $100 million into immediate efforts. These will focus on a handful of states, including Michigan and Wisconsin.