Arabella Advisors, a for-profit consultancy that previously managed one of the left’s premier dark money networks, has restructured amid scrutiny from the Right. Much of Arabella’s activity will be taken over by Sunflower Services, a public benefit corporation controlled by a trio of nonprofits it previously managed. Public benefit corporations, unlike charities, are permitted to turn a profit but must perform demonstrable social goods.
Conservative observers suspect the reshuffle is an attempt to distance the network from Arabella’s now controversial branding and, potentially, to erect greater legal separation between its 501(c)(3) and 501(c)(4) arms. Before the reshuffle, Arabella managed the New Venture, Windward, Hopewell, Sixteen Thirty, North, Telescope, and Impetus Funds — the fi

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