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#85Fund

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, the conservative activist with an estimated
💥 $1 billion at his disposal,
is threatening to withhold money from the dozens of groups he supports 👉 unless they develop plans to "weaponize" their ideas.

Why it matters:

Leo's call for conservative groups to get will send shockwaves through the right-wing ecosystem he helped create.

Leo wants less conversation and more action
— fewer seminars and more campaigns
— as part of a plan to
♦️"crush liberal dominance at the choke points of influence and power in our society,"
he told the groups in a letter obtained by Axios.

The goal should be to direct "funding🔸 to operationalize or weaponize the conservative vision," Leo wrote.

Zoom in:

Leo, 59, is telling organizations backed by his that he's undertaking a
"comprehensive review" of his grant-making process.

His letter doesn't mention any specific groups by name, but they know who they are.

Groups such as Teneo,
Honest Elections Project,
Consumers's Research and
Do No Harm
are examples of organizations that have adopted
the kind of Leo encourages, according to a source close to the 85 Fund.

Those groups have run campaigns that have achieved measurable results, such as
Consumers' Research's work on ESG investing,
which has been featured in congressional hearings.

Decisions about future funding will be shared with the groups by the end of November, Leo's letter said.

Zoom out:

Leo helped build the , an organization for conservative law students,
into an incubator for lawyers and judges that reshape the federal judiciary and American society.

He helped former President Trump select three conservative jurists for the Supreme Court
— Neil , Brett and Amy Coney .
They've transformed federal law on issues ranging from (overturning Roe v. Wade) to -.

In 2022, the New York Times revealedhow a nonprofit Leo controls,
the , received a ⭐️$1.6 billion contribution from a conservative donor, ,
who gifted the shares of the company he founded before they were sold.

Leo has an estimated
⭐️$1 billion left to spend,
according to the Financial Times.

Leo, who is credited with the initial $1.6 billion windfall to Marble Freedom Trust, has been responsible for raising donations and support for the 85 Fund.

Between the lines:

Behind Leo's new push is his admiration for what he views as successes of progressive nonprofit groups
such as The and the
,
supported by .

Leo is also convinced that liberal organizations and ideas have captured most influential institutions in government,
media, entertainment and academia.

"They invested in talent pipelines to populate the power centers inside government,
where policy would be implemented,"
Leo writes.

"They incubated litigation as a means of leveraging the law to produce change."

The other side:

As Leo's prominence and influence have increased,
his methods and his conservative network have drawn scrutiny
— and provoked outrage
— in progressive circles.

axios.com/2024/09/12/leonard-l

Axios · Scoop: Activist Leonard Leo pushes to "weaponize" conservativesBy Hans Nichols

Leonard Leo typically operates in the background and goes to considerable lengths to cover his philanthropic tracks.

Each year, his groups send millions through ,
which markets itself as a “principled philanthropic partner for conservative and libertarian donors”
and a means to anonymously fund “sensitive or controversial issues.”

Deep-pocketed benefactors like Leo can tell DonorsTrust where they want their money to ultimately go.

Its board of directors will “always respect grant requests that fall within the DonorsTrust mission and purpose,” per its website.

DonorsTrust declined to discuss the specifics of any contributions identified by The Intercept.

“We do not release to the general public either the names of our accountholders nor specific grants that they may have recommended,” said Lawson , its president and CEO.

Bader noted that some of the contributions listed on DonorsTrust’s tax filings may have originated from multiple donors.

But Leo’s funding vehicles
— especially the and the ,
which he rebranded in 2020 and likely bankrolls via yet another donor-advised fund
— are among the biggest contributors to DonorsTrust.

In 2022, the 85 Fund sent $92 million through DonorsTrust,
more than a quarter of all contributions to DonorsTrust that year.

Marble Freedom Trust has distributed more than $41 million via DonorsTrust, according to a filing for its 2020 fiscal year.

The Rule of Law Trust, also run by Leo, gave $5.8 million via DonorsTrust in 2020.

Beside Leo’s groups, other top contributors to DonorsTrust include of Cambridge Analytica and Parler fame,
whose Mercer Family Foundation gave $31 million in 2022.

Mercer and other top contributors to DonorsTrust did not respond to The Intercept’s questions for this article.

Whether from Leo or other sources, conservative money has been already flowing to law schools via DonorsTrust for years, mostly to premiere programs.

Since 2019, Law School has received $250,000 per year for the “Diversity in Democracy Professorship Fund”;
Yale declined to explain the purpose of this fund or say whether these contributions came from Leo.

New York University Law School received $350,000 in 2021 and $300,000 in 2022 for a libertarian research institute.
also declined to provide additional details about the source of these contributions.

And since 2020, ’s student chapter of the Federalist Society received $25,000 per year.
Stanford referred questions to the Federalist Society and DonorsTrust.

There were also millions sent to George Mason University’s Law School,
which Leo helped make one of the gravitational centers for conservative legal academia.

Since 2017, Scalia Law School received at least $4 million each year via DonorsTrust,

much of it earmarked for its Law & Economics Center, which puts on often lavish doctrinal bootcamps for judges, one of which was held in Leo’s literal backyard.
theintercept.com/2024/05/29/le

The Intercept · Leonard Leo Built the Conservative Court. Now He’s Funneling Dark Money Into Law Schools.By Shawn Musgrave

D.C. Attorney General is probing Leonard Leo’s network

Washington D.C. Attorney General Brian Schwalb is investigating judicial activist and his network of nonprofit groups, according to a person with direct knowledge of the probe.

The scope of the investigation is unclear. But it comes after POLITICO reported in March that one of Leo’s nonprofits — registered as a charity — paid his for-profit company tens of millions of dollars in the two years since he joined the company. A few weeks later, a progressive watchdog group filed a complaint with the D.C. attorney general and the IRS requesting a probe into what services were provided and whether Leo was in violation of laws against using charities for personal enrichment.

politico.com/news/2023/08/22/d

Leo is also the co-chair of the , the academic arm of the conservative legal movement, for which he worked in various capacities for decades while building his donor base.

Real estate and other public records illustrate that the lifestyle of Leo and a handful of his allies took a lavish turn in the course of the making of the current ultraconservative court, beginning in 2016, the year he was tapped as an unpaid adviser to Trump. Citing the report, a progressive watchdog group called on the IRS and D.C. Attorney General a few weeks later to investigate whether the groups may be violating their tax-exempt status by “siphoning” assets or income for personal use.

POLITICO reported that a total of $43 million flowed to Leo’s company over two years and that the bulk of it came from The , a nonprofit run by his allies which has spent tens of millions of dollars over the past decade to promote Trump’s Supreme Court picks, file briefs before the court and, more recently, used an alias to push for voting restrictions and accuse Democrats of cheating in the 2020 election.

POLITICOD.C. Attorney General is probing Leonard Leo’s network  The Federalist Society co-chair and ex-Trump judicial adviser has utilized nonprofit groups to collect more than $1 billion for conservative causes.
Continued thread

The majority of payments to Leo's Virginia-based Advisors — a political consulting firm that was created in 2020 and for which he is chairman — came through The , a rebranded group that Leo has said he plans to use to fund conservative causes nationwide.

Corkery and his wife, Ann, founded and ran the nonprofit under a different name for more than a decade, during which time Leo directed funds toward it.

Such nonprofits are exempt from and not required to donors.

The 85 Fund is now run by Carrie , a former law clerk to Justice .