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Trump ally Leonard Leo’s 85 Fund received $20 million in 2020,


Leonard Leo speaks at the National Catholic Prayer Breakfast in Washington on April 23, 2019.

Michael Robinson Chavez | The Washington Post | Getty Images

A dark money group that was founded by one of former President Donald Trump’s key allies raised over $20 million in 2020 and used the money to help finance various conservative groups.

Leonard Leo’s The 85 Fund received the money through the Donors Trust, a donor-advised nonprofit group that funnels money from often wealthy conservative financiers to other organizations, according to a Donors Trust 990 tax filing first seen by CNBC.

The 85 Fund is part of Leo’s extensive network of organizations that seek to influence policy, the president’s picks for the judiciary and the larger conservative movement. Leo, who is the co-chairman of the Federalist Society, was a key outside advisor for Trump when the then-president chose Brett Kavanaugh and Neil Gorsuch for slots on the Supreme Court.

The donations toward The 85 Fund included one contribution that was over $19 million and several other smaller contributions. Because of the donations, The 85 Fund, which filed to change its name from the Judicial Education Project to The 85 Fund in 2019, had its most successful fundraising year yet.

It is not clear how much more money, if any, the group raised beyond the $20 million-plus from donations to the Donors Trust. Representatives for The 85 Fund, which is registered as a 501(c)(3) nonprofit, did not provide further details on how much more it raised and who else saw their money before publication.

The Donors Trust is a 501(c)(3) organization that is regularly used by conservative megadonors to finance their intended groups, which often lean to the right of the political spectrum. The Mercer family, led by longtime Trump allies Robert and Rebekah Mercer, invested nearly $20 million through their foundation into the Donors Trust last year.

The contributors to the Donors Trust remain anonymous because these types of organizations are not required to publicly disclose their donors. Donors Trust raised over $350 million last year and gave out over $180 million in grants.

Leonard Leo and The 85 Fund

Leo has said he started The 85 Fund to act as a counterweight to similar efforts that take place on the progressive side of the Democratic Party such as the left-leaning group called the Sixteen Thirty Fund which invested over $400 million in 2020, according to Politico. The Sixteen Thirty Fund is a 501(c)(4) nonprofit group.

Leo previously told Axios that one of his initial projects for this new effort, including The 85 Fund, will be a “minimum of $10 million issue advocacy campaign focusing on judges in the 2020 cycle.” He did not respond to CNBC’s requests for comment.

The Donors Trust 990 gives a first glimpse into the amount raised by The 85 Fund and which right-leaning groups with the same nonprofit status received money from the fund. One such group, Turning Point USA, was founded by fellow Trump ally Charlie Kirk…



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