A quiet investigation is unfolding, sparked by concerns over the origins of funding for several progressive organizations. A key figure, a man named Singham, is at the center of scrutiny, with questions arising about whether these groups are unknowingly – or knowingly – serving as conduits for foreign influence.
Millions of dollars have flowed through a complex network of nonprofits, originating with Singham and channeled through GS Donor Advised Philanthropy Fund, an entity linked to Goldman Sachs. Between 2017 and 2022, a staggering $22.44 million landed with the People's Forum, while Tricontinental Ltd. received $16.76 million through the same fund.
The financial trail doesn’t stop there. BreakThrough BT Media Inc. benefited from $1.098 million from the Goldman Sachs fund, supplemented by additional funds from other Singham-supported nonprofits like the Justice and Education Fund and the Progress Unity Fund, totaling over $2.1 million and $60,600 respectively.
The People’s Forum operates as a “fiscal sponsor,” a role that allows it to collect tax-deductible donations on behalf of other organizations. This arrangement, while legitimate, is now under intense examination, as it potentially creates a pathway for foreign funds to reach a wider array of groups without clear oversight.
A congressional committee is meticulously tracing the money, aiming to map the intricate web of relationships and determine if the American tax-exempt system is being exploited to mask foreign interference. The investigation isn’t focused on a single organization, but on the entire network and its potential vulnerabilities.
On the ground in New York City, the People’s Forum was recently observed orchestrating a protest, with organizers chanting slogans of solidarity. A video of the demonstration surfaced online, but a curious detail emerged: the footage was edited to remove a key organizer, Chung, from the scene.
Chung, the organizing director for the People’s Forum, also holds a leadership position within the Justice and Education Fund, further illustrating the interconnectedness of these organizations. Other board members include individuals associated with both Tricontinental and the Party for Socialism and Liberation.
Goldman Sachs has stated that it severed its relationship with Singham earlier this year, a move that underscores the growing concerns surrounding his financial activities and the organizations he supports. The investigation continues, seeking to unravel the full extent of the funding network and its potential implications.
