British billionaire quits donating to US charities after Americans for Public Trust reveals $553 MILLION activist operation

British billionaire and hedge fund manager Christopher Hohn is stopping donations to activist groups after a report by Americans for Public Trust (APT) exposed his foundation for funding groups that promote radical political agendas in the United States.

APT’s report alleged that organizations funded by the Children’s Investment Fund Foundation (CIFF), which Hohn founded and chairs, "pushed for nothing less than the complete radicalization of the U.S. political landscape." CIFF is heavily funded by Hohn’s hedge fund, which manages nearly $60 billion

"For far too long, Christopher Hohn, and other foreign billionaires like Hansjörg Wyss, have been able to exploit loopholes that allow foreign money to fund policy fights that shape American politics to fit their radical agendas. Hohn is only stopping his giving now that we caught him," APT Executive Director Caitlin Sutherland told Fox Business. "The fact that hundreds of millions of foreign dollars were able to quietly flow into our political system unchecked illustrates the urgent need for Congress to take action to end the political foreign funding of U.S. nonprofits.”

Following the report, CIFF announced it would redirect its funding to non-US NGOs, citing uncertainty about the legality of foreign funding in the United States.

"Unfortunately, we are no longer confident in our understanding of the US policy environment for foreign funders of US NGOs, including for international work, which is our focus," CIFF said. "Consequently, CIFF’s Board have decided that, as a precautionary measure, and until applicable laws and rules, and the execution of them, are made clearer by relevant authorities, CIFF should redirect its funding to, and restructure its contracts to be with, non-US NGOs."

Last month’s APT report found that CIFF gave more than $553 million to US-based organizations between 2014 and 2023. Much of the money went to groups promoting green energy and protests against the fossil fuel industry. The report also claimed CIFF funded the Rocky Mountain Institute, a China-connected organization that has advocated for banning gas stoves. CIFF was also pushing funds into diversity, equity, and inclusion initiatives, such as the New Venture Fund.

"Because there is little oversight and few restrictions on foreign giving to U.S.-based organizations, Hohn’s actions via CIFF are extremely questionable and murky. More investigations both on the state and federal levels are needed to determine to what extent any foreign giving laws and regulations may have been violated by Hohn and CIFF," The report stated

APT further alleged that CIFF had financial ties to Chinese Communist Party-linked entities and that CIFF CEO Kate Hampton “maintained what appears to be a cozy relationship” with “green” groups connected to the Chinese government. CIFF is registered as an NGO in China and has reportedly given millions to Chinese state-affiliated organizations.

"The British nonprofit has given millions to various organizations directly under the auspices of the Chinese government,” APT said.