The Hopewell 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.
[5] According to OpenSecrets, "The Hopewell Fund gave $1.72 million to an organization called News for Democracy that was at the crux of a network of seemingly independent Facebook pages disguised as news outlets that started spending on digital ads in 2018."
In 2020, OpenSecrets described these types of activities as "some of the biggest coordinated efforts using pseudo news for political gain discovered to date.
"[6] A 2022 analysis by The New York Times found that the Hopewell Fund "gave $8.1 million to a dark-money group called Acronym, which spent millions of dollars on Facebook advertising and backed a company called Courier Newsroom that published articles favoring Democrats and received millions of dollars from dark money groups.
"[3] The Hopewell Fund sponsored Democracy Docket, a liberal-leaning voting rights and media platform founded by lawyer Marc Elias.