Three liberal donor networks and foundations with ties to billionaire George Soros have joined forces to form a new fund to “resist” President Donald Trump.
The Emergent Fund, which carries a goal of fighting “immediate threats” to “immigrants, women, Muslim and Arab-American communities, black people, LGBTQ communities, and all people of color,” was established late last year to quickly fund groups to take direct, immediate action against Republicans, Fox News reports.
Since the fund’s formation, it has received little public attention. It has raised over half a million dollars to give to groups opposing Republicans, such as the Black Lives Matter Network. The fund has extensive ties to significant liberal networks and groups.
“These communities need increased capacity so that they can respond, act nimbly, and develop new strategies in this new period,” the fund’s website states. “The fund will focus on grassroots organizations in communities of color who are facing injustice based on racial, ethnic, religious and other forms of discrimination. We will provide resources to defend against what’s coming, and to develop innovative strategies to transform our country.”
The Solidaire Network, the Threshold Foundation, and the Women Donors Network, all San Francisco-based groups, mobilized to form the Emergent Fund.
The Solidaire Network brings together wealthy progressive donors to foster protest and direct action movements. The donor network is comprised of individuals who can move $50,000 or more personally or through a family foundation.
The group props up other donor communities on its website such as the EDGE Funder Alliance, a New York-based community of donors engaged in domestic and international grant-making, and the secretive George Soros-tied Democracy Alliance donor network, the largest liberal dark money group.
The Solidaire Network recently appeared at the Democracy Alliance’s spring investment summit in Washington, D.C to map out a path of resistance against Trump and Republicans.
“Solidaire and the Democracy Alliance have been in close partnership since Solidaire’s origin,” the DA’s itinerary for the summit states.
The Threshold Foundation has seeded hundreds of organizations and supported the creation of multiple donor networks around the world. The group is closely linked to the Tides Foundation, a donor-advised fund with a war chest of nearly $200 million that gives generously to numerous liberal groups and causes each year. Soros’ Open Society Foundations has donated at least $1.75 million to the Tides Foundation.