GOP spent years targeting progressive dark money. That could boomerang on Trump.
Summary
Republicans in Congress have increased efforts to require more public disclosure of certain fundraising methods used by nonprofits. A bill under consideration would force charities to report more details about projects they control, including Freedom 250, the organization linked to President Trump's celebration of America's 250th birthday.Key Facts
- President Trump's administration created Freedom 250 through the National Park Foundation to plan events for America's 250th anniversary.
- Freedom 250 is set up as a limited liability company and does not file its own tax returns.
- The National Park Foundation received about $90 million in federal funding to support the celebration.
- Freedom 250 raised millions from corporate sponsors but did not publicly disclose financial details.
- Republicans have long criticized similar nonprofit fundraising methods used by left-leaning groups for lack of transparency.
- A new Republican-backed bill would require charities to report fiscal sponsorship arrangements, including money amounts and managers involved.
- The bill would impose taxes of up to 100% on improperly routed funds if not corrected.
- Treasury Secretary Scott Bessent supports the bill as a way to improve transparency in tax-exempt organizations.
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