Guardian
•83% Informative
A new analysis of campaign filings, non-profit records and political contributions by the Guardian and Mission Local reveals the extent of this network.
In the past six years , prominent tech and venture capitalists have invested at least $5.7 m into reshaping San Francisco’s policies.
In a solidly Democratic city, they’ve joined forces with traditional business and real estate elites in an effort to oust some of its most progressive leaders.
The three major groups in this network have pulled in more than $26 m in contributions since 2020 .
The so-called dark money groups were formed under the 501(c)4 section of the tax code.
They do not have to disclose donors or political contributions.
Since the 2010 supreme court ruling Citizens United v Federal Election Commission relaxed regulation around political donations.
Since then, they have exponentially increased their involvement in political donations, to the tune of at least $1bn by 2019 nationwide.
NeighborsSF was key to the successful recall of the progressive district attorney Chesa Boudin in 2022 .
The group contributed $4 m of the $ 7.2 m raised by the campaign, with the California Association of Realtors coming in a distant second at $ 458,000 in donations.
VR Score
85
Informative language
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