Billionaire philanthropist Bill Gates has reportedly stopped supporting a nonprofit network with close ties to the Democratic Party as he continues to make moves to shield his charity from political pressure, the New York Times reported.
Executives at the Gates Foundation in an internal June announcement said it would no longer make any new investments in Arabella Advisors, a Washington, D.C.-based consulting firm that manages several funds that finance left-wing groups, citing a desire to engage more directly with grant recipients and cut back on the use of intermediaries as the reason for the change.
“Teams are increasingly working directly with programmatic partners — organizations that are deeply embedded in the communities we serve and [are] closely aligned with our mission,” the announcement said.
Read more at Newsmax© 2025 Newsmax. All rights reserved.
