The American Conservative Union (ACU) – which hosts the annual Conservative Political Action Conference (CPAC) – took a six figure donation from a leading left-wing fund for the purposes of “civil rights, social action, advocacy,” according to the fund’s financial records dated 2020, The National Pulse can exclusively reveal.
The New Venture Fund, whose mission statement revolves around “Race, Equity, Diversity, & Inclusion Commitment,” issued a cash grant of $183,250 to the ACU, run by Matt and Mercedes Schlapp, in 2020. The fund is known for its work supporting anti-Trump, anti-conservative initiatives.https://thenationalpulse.com/wp-content/uploads/Screen-Shot-2022-03-08-at-12.01.01-PM-1-800x253.png 800w, https://thenationalpulse.com/wp-content/uploads/Screen-Shot-2022-03-08-at-12.01.01-PM-1-1160x368.png 1160w, https://thenationalpulse.com/wp-content/uploads/Screen-Shot-2022-03-08-at-12.01.01-PM-1-480x152.png 480w" alt="acu nvf 2" width="1414" height="448" /> SCHLAPP’S CASH FROM THE LEFT.
The ACU refused to comment when approached by The National Pulse. The full 990 can be read here.
The New Venture Fund was started in 2006 and ungirds much of the political left’s activities in America today. It’s President, Lee Bodner, is a former managing director of Arabella Advisors, which even the Atlantic magazine described as a “Massive Progressive Dark-Money Group” which has targeted former President Donald Trump, his administration officials, as well as issuing over a billion dollars a year to left-wing groups and astro-turfed political operations. Bodner is also described as building “strategic partnerships with nonprofits, including the Clinton Foundation”.