$80 million to fund new wave of liberal advocacy groups [View All]

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Post Sunday: $80 million to fund new wave of liberal advocacy groups
RAW STORY

http://rawstory.com/news/2005/Post_Sunday_80m_to_fund_new_wave_of_liberal_gr_0806.html

At least 80 wealthy liberals have pledged to contribute at least $1 million each to fund a network of think tanks and advocacy groups, to compete with the potent conservative infrastructure built up over the last three decades, the Washington Post will front Sunday, RAW STORY has learned. Excerpts follow.

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The money will be channeled through a new partnership called the Democracy Alliance, founded last spring in a series of liberal initiatives as the Democratic Party and its allies struggle with the loss of power in Congress and the White House. Many influential Democratic contributors were left angry and despairing over the party's poor showing in last year's elections, and are looking for more effective ways to invest their support.

Financial commitments totaling at least $80 million over the next five years at a time when some other liberal groups, such as George Soros-backed America Coming Together, are floundering--suggest the Democracy Alliance is becoming a player in the long-term effort to reinvigorate the left. The group has a goal of raising $200 million, a sum that would inevitably come partly at the expense of more traditional Democratic groups.

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The Democracy Alliance will act as a financial clearing house. Its staff and board of directors will develop a list of established and proposed groups they believe will develop and promote ideas on the left. To fulfill their million-dollar pledge, partners must agree to give $200,000 or more a year for at least five years to alliance-endorsed groups.