The Robert Mercer family donated nearly $ 20 million to the Black Money GOP fund in the 2020 election

The Robert Mercer family donated nearly $ 20 million to the Black Money GOP fund in the 2020 election

The wealthy family, led by Tory mega-donators Robert and Rebekah Mercer, whose money helped propel Donald Trump to victory in 2016, invested nearly $ 20 million last year in a favorable black money fund to the GOP, which helps donors allows the final destination of their contribution to be kept secret.

According to a new disclosure form dated 990, Mercer’s donations, made through his family foundation, went to the Donors Trust. The overwhelming contribution suggests that Mercers played a much larger role in funding groups in the 2020 election than previously thought.

The Donor Trust takes the money it receives and distributes it to groups of donors of its choice. It does not legally publicly disclose who is donating to their group or where specific financiers have targeted their donations.

It is not known where Mercers asked the Donors Trust to send his money. According to Form 990, the Mercer Family Foundation ended the year with a net worth of over $ 45 million.

Some recent contributions to the Donors Trust have gone to groups that pushed allegations of voter fraud before and after defeating President Joe Biden in last year’s election. In 2019, the Donor Trust sent donations to groups such as Turning Point USA, led by staunch Trump supporter Charlie Kirk; And that The VDARE Foundation, which has been labeled a hate group by the Southern Poverty Law Center.

Ahead of the 2020 election, Trump warned without evidence that the election risked widespread voter fraud. Since his loss to Biden, Trump has continued to falsely claim that the election was stolen from him. Officials on both sides of the political spectrum, including former Trump attorney general William Barr, have said there was no widespread voter fraud and that Biden won the fair and square election.

Robert Mercer and his three daughters, Rebekah, Jennifer and Heather, are all directors of their family foundation. In preparation for the election, CNBC reported that Mercer chose to distance himself from Trump and the Republican leaders, in part because he helped control the New York real estate mogul and TV star. reality in the presidential race in 2016. He was being examined for

Mercers gave little directly to the campaigns of the last election cycle. Data from the non-partisan Center for Responsive Politics shows that neither Rebekah nor Robert Mercer, the family’s two biggest GOP donors, were among the top 100 political donors during the 2019-2020 period.

Mercer’s larger contribution to the donor trust in 2020, a 501 (c) (3), allows them to make such donations without publicly revealing which outside groups they funded that year.

Rebekah Mercer is a top financier at Parlor, a social media company that allowed Trump aides to make false claims that the election was rigged against the former president.

Representatives for Rebekah and Robert Mercer did not return requests for comment.

In 2019, Donor Trust raised over $ 300 million and distributed over $ 160 million in grants. A spokesperson for the group said its 2020 forms would not be available to the public until the end of this year.

Records show that the Mercer Foundation’s 2020 contribution to the Donors Trust is its biggest donation through its nonprofit since at least 2016, when it gave the same amount to various conservative external groups.

Last year, aside from donations to the Donors Trust, the new Form 990 shows that the only other contribution the foundation made was $ 9,000 to the American Association for Aerosol Research, a nonprofit that touts sponsors such as NASA and 3M. East.

The new 990 also gives an overview of Mercer’s personal finances.

According to the disclosure, the foundation claims to have earned at least $ 30 million through asset transactions through an entity identified as the Medallion Fund. Robert Mercer resigned in 2017 as co-CEO of hedge fund Renaissance Technologies, which owns a fund of the same name.

The institutional investor announced earlier this year that Renaissance Technologies’ Medallion Fund had its best year ever in 2020, rising 76%. The media outlet said the Medallion Fund was only accessible to current and former Renaissance Technologies employees.

The Wall Street Journal reported earlier this month that current and former executives at Renaissance Technologies, including Robert Mercer, would pay $ 7 billion in back taxes, penalties and interest to settle a dispute with the ‘Internal Revenue Service.



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