Mercer spent thousands and thousands on conservative causes as they distanced from Trump
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In 2018, the Mercers signaled to their allies that they weren’t trying to straight help Trump’s presidency after spending thousands and thousands to get him elected in 2016. The household got here below unwelcome public scrutiny for its help of Trump.
Nevertheless, as they kept away from backing Trump’s reelection effort, the Mercers invested $8.1 million into darkish cash group the Donors Belief, in keeping with their household basis’s 2018 tax return, first reviewed by CNBC. The belief was particularly created within the late 1990s to maintain the id of their donors nameless whereas they funnel thousands and thousands to usually conservative teams.
Prior to now, Donors Belief has contributed to all kinds of organizations such because the Federalist Society, Mission Veritas and the Cato Institute. The group’s most up-to-date tax return, from 2017, reveals they introduced in $110 million by way of contributions and grants.
The Mercer household belief completed 2018 with belongings price as much as $24 million, their newest submitting reveals. Mercer and his three daughters, Rebekah, Jennifer and Heather, are all listed as administrators of the inspiration.
Representatives for the Mercers didn’t return a request for remark.
The Mercers additionally gave $500,000 to the Authorities Accountability Institute, or GAI, a suppose tank based by conservative investigator Peter Schweizer and former White Home chief strategist Steve Bannon. The 2 Trump allies have pushed conspiracies towards their rivals, together with Hillary Clinton in Schweizer’s ebook “Clinton Money.”
Rebekah Mercer is listed as GAI’s chairwoman. The household funded Breitbart Information, which Bannon ran earlier than he joined the Trump administration. However Mercer in 2017 distanced himself from him and the conservative information outlet when he stepped down as co-CEO of hedge fund Renaissance Applied sciences. Mercer offered his stake in Breitbart to his daughters at the moment.
GAI has reportedly performed a job in pushing, a minimum of partly, a conspiracy that hyperlinks former Vice President Joe Biden and his son Hunter to corruption in Ukraine. Schweizer’s most up-to-date ebook, “Secret Empires,” has a chapter referred to as “Bidens in Ukraine.” GAI has claimed that the previous vp abused his energy to guard his son from an investigation into Burisma, a Ukrainian power firm on whose board Hunter Biden labored.
Past a few of the conservative teams, the Mercers additionally donated to a slew of nontraditional science ventures akin to a $250,000 contribution to the Multidisciplinary Affiliation for Psychedelic Research, which, in keeping with its web site, “develops medical, authorized, and cultural contexts for individuals to profit from the cautious makes use of of psychedelics and marijuana.”
Additionally they spent $300,000 on the Oregon Institute of Science and Drugs, a nonprofit that the analysis group Map Mild beforehand described as a company that is skeptical of local weather change.