New Venture Fund

{{Infobox organization

| name = New Venture Fund

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| formation = {{start date and age|2006}}

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| type = 501(c)(3) nonprofit

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| headquarters = Washington, D.C.

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| affiliations = Arabella Advisors
Sixteen Thirty Fund
Hopewell Fund
Windward Fund
North Fund

| budget = $669 million (revenue){{cite web |title=New Venture Fund - Nonprofit Explorer |url=https://projects.propublica.org/nonprofits/organizations/205806345 |website=ProPublica |access-date=17 June 2025 |language=en |date=9 May 2013}}

| budget_year = 2023

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| website = {{url|https://newventurefund.org/}}

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The New Venture Fund is a 501(c)(3) nonprofit organization managed by Arabella Advisors, a for-profit consulting company that advises left-leaning donors and nonprofits about where to give money and serves as the hub of a politically liberal "dark money" network in the United States.{{cite news |last1=Vogel |first1=Kenneth P. |last2=Goldmacher |first2=Shane |title=Democrats Decried Dark Money. Then They Won With It in 2020. |url=https://www.nytimes.com/2022/01/29/us/politics/democrats-dark-money-donors.html |access-date=11 September 2023 |work=The New York Times |date=29 January 2022}} The New Venture Fund serves as the fiscal sponsor for various left-leaning political projects.{{cite news |title=The Inside Philanthropy Power List |url=https://www.insidephilanthropy.com/home/2021/7/21/the-inside-philanthropy-power-list |access-date=11 September 2023 |work=Inside Philanthropy |date=21 July 2021}} The New Venture Fund has annual revenue of nearly $1 billion.

According to OpenSecrets, the New Venture Fund "has fiscally sponsored at least 80 groups and acted as a pass-through agency funneling millions of dollars in grants for wealthy donors to opaque groups with minimal disclosure."{{cite news |last1=Massoglia |first1=Anna |title='Dark money' networks hide political agendas behind fake news sites |url=https://www.opensecrets.org/news/2020/05/dark-money-networks-fake-news-sites/ |access-date=2 June 2020 |agency=OpenSecrets |publisher=OpenSecrets |date=May 22, 2020 |archive-date=23 May 2020 |archive-url=https://web.archive.org/web/20200523060648/https://www.opensecrets.org/news/2020/05/dark-money-networks-fake-news-sites/ |url-status=live}} According to Axios, the New Venture Fund has been "criticized for obscuring information about the scores of subsidiary groups they sponsor."{{cite news |last1=Markay |first1=Lachlan |title=Progressive legal advocacy group spinning off from sponsor |url=https://www.axios.com/2021/05/14/progressive-demand-justice-group-spin-off |access-date=11 September 2023 |publisher=Axios |date=May 13, 2021}}

{{Progressivism sidebar}}Swiss billionaire Hansjörg Wyss is a major donor to the New Venture Fund.{{cite news |last1=Vogel |first1=Kenneth P. |title=Swiss Billionaire Quietly Becomes Influential Force Among Democrats |url=https://www.nytimes.com/2021/05/03/us/politics/hansjorg-wyss-money-democrats.html |access-date=11 September 2023 |work=The New York Times |date=3 May 2021}} The New Venture Fund has given money to Acronym, a partial owner of Courier Newsroom, which The New York Times described as "a network of news media outlets that was criticized by a nonpartisan disinformation watchdog for slanting coverage to favor Democrats."{{cite news |last1=Vogel |first1=Kenneth P. |last2=Robertson |first2=Katie |title=Top Bidder for Tribune Newspapers Is an Influential Liberal Donor |url=https://www.nytimes.com/2021/04/13/business/media/wyss-tribune-company-buyer.html |access-date=11 September 2023 |work=The New York Times |date=13 April 2021}}

In October 2023, after a Washington Examiner investigation revealed that the New Venture Fund and the Windward Fund had given $473,000 between 2020 and 2021 to the Alliance for Global Justice, a group with links to the Popular Front for the Liberation of Palestine terrorist group. New Venture Fund and Windward Fund announced they would discontinue funding the Alliance for Global Justice.{{Cite web |last=Kaminsky |first=Gabe |date=2023-10-30 |title=Left-wing Arabella Advisors dark money groups cut ties with Palestinian terror-tied charity |url=https://www.washingtonexaminer.com/news/arabella-advisors-dark-money-groups-cut-ties-palestinian-terror-tied |access-date=2023-12-03 |website=Washington Examiner |language=en}}