Donald Trump attended a $25,000-per-ticket fundraiser Monday night at the Woodside, California home of Saul Fox, the CEO of private equity firm Fox & Paine.
Fox is the donor behind Children of Israel LLC, whose $884,000 in contributions has made it the second-most generous “ghost corporation” in the 2016 cycle. This election has seen a surge in “ghost corporations,” the term used for businesses that appear to exist solely to shield the identity of individuals who want to put money into the U.S. political process.
Fox’s ownership of Children of Israel was unknown until The Intercept reported on it several weeks ago.
Children of Israel gave $150,000 in 2015 to Pursuing America’s Greatness, a Super PAC supporting Mike Huckabee’s presidential run; $400,000 in 2016 to Stand for Truth, a Super PAC supporting Ted Cruz’s candidacy; and $334,000 to the Republican National Committee.
Fox is also a longtime GOP donor under his own name. He most recently gave $100,000 to Team Ryan, a joint fundraising committee set up by Speaker of the House Paul Ryan, R-Wis., and $25,000 to Donald Trump’s joint fundraising committee.
In addition to his Children of Israel contributions to their Super PACs, Fox personally gave $2,700 to Huckabee’s presidential campaign, as well as the $5,400 maximum to the campaigns of Cruz and Marco Rubio.
Fox also used a company called Mercury Trust in 2012 to donate $1 million to American Crossroads, a Super PAC co-founded by Karl Rove, and $425,000 to Restore Our Future, the Super PAC supporting Mitt Romney. Mercury Trust was later discovered to be affiliated with Fox’s private equity company.
(Thanks to Celine O’Hara for telling me about the Fox fundraiser.)
IT’S EVEN WORSE THAN WE THOUGHT.
What we’re seeing right now from Donald Trump is a full-on authoritarian takeover of the U.S. government.
This is not hyperbole.
Court orders are being ignored. MAGA loyalists have been put in charge of the military and federal law enforcement agencies. The Department of Government Efficiency has stripped Congress of its power of the purse. News outlets that challenge Trump have been banished or put under investigation.
Yet far too many are still covering Trump’s assault on democracy like politics as usual, with flattering headlines describing Trump as “unconventional,” “testing the boundaries,” and “aggressively flexing power.”
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IT’S BEEN A DEVASTATING year for journalism — the worst in modern U.S. history.
We have a president with utter contempt for truth aggressively using the government’s full powers to dismantle the free press. Corporate news outlets have cowered, becoming accessories in Trump’s project to create a post-truth America. Right-wing billionaires have pounced, buying up media organizations and rebuilding the information environment to their liking.
In this most perilous moment for democracy, The Intercept is fighting back. But to do so effectively, we need to grow.
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I’M BEN MUESSIG, The Intercept’s editor-in-chief. It’s been a devastating year for journalism — the worst in modern U.S. history.
We have a president with utter contempt for truth aggressively using the government’s full powers to dismantle the free press. Corporate news outlets have cowered, becoming accessories in Trump’s project to create a post-truth America. Right-wing billionaires have pounced, buying up media organizations and rebuilding the information environment to their liking.
In this most perilous moment for democracy, The Intercept is fighting back. But to do so effectively, we need to grow.
That’s where you come in. Will you help us expand our reporting capacity in time to hit the ground running in 2026?
We’re independent of corporate interests. Will you help us?
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