[ Tyler O’Neil is senior editor at The Daily Signal and the author of two books: “Making Hate Pay: The Corruption of the Southern Poverty Law Center,” and “The Woketopus: The Dark Money Cabal Manipulating the Federal Government.”] Arabella Advisors, a for-profit company that managed services for many influential dark money nonprofits on the Left, is no more—or so it seems.

Sunflower Services, a new public benefit corporation, announced on Monday that it would be acquiring “Arabella Advisors’ fiscal sponsorship servicing business.” Meanwhile, Arabella’s former CEO, Himesh Bhise, announced that he would lead a supposedly new company, Vital Impact.

A Nov. 19 email to Arabella Advisors received an automated response stating, “As of November 17, 2025 Arabella Advisors has ceased operations.”

What, exactly, is Sunfl ower Services? Well, it’s a completely new company financed by… lead investor New Venture Fund, with financial support from the Windward and Hopewell Funds.

These names should be familiar to longtime observers of Arabella Advisors. New Venture Fund, Windward Fund, and Hopewell Fund are three of the “seven sisters” dark money nonprofits that received services from Arabella. These are the nonprofi ts organized under Section 501(c)(3) of the Internal Revenue Code.

These groups acted as “fiscal sponsors,” housing various quasi-independent projects that did not register as separate entities. Critics say this system allows donors to fund activist projects through the nonprofits— cloaking what their dollars are actually paying for. These groups funded many of the left-wing activist groups that fed staff and ideas into the Biden administration, particularly pushing climate alarmism. The Open Society Foundations, founded by Hungarian American billionaire George Soros and now run by his son, Alex, has contributed millions to the nonprofits who were Arabella’s clients.

The other nonprofits— Sixteen Thirty Fund, North Fund, and Impetus Fund— more politically active groups organized under Section 501(c)(4), were notably absent from the Sunflower Services press release.

Vital Impact told The Daily Signal that “none” of these nonprofits “will be clients of Vital Impact.”

“Arabella Advisors’ fiscal sponsorship business, including its existing infrastructure and operations team, was acquired by Sunfl ower Services, which is unrelated to Vital Impact,” Vital Impact said in a statement Tuesday. “Vital Impact is a new, nonpartisan professional services firm focused on strategy, operations, and technology support for the social sector.”

According to The Chronicle of Philanthropy, Sunfl ower Services will absorb roughly 243 staff from Arabella Advisors, which had 425 employees in 2023. It remains unclear how many staff will move to Vital Impact.

The Gates Foundation dealt a major blow to Arabella Advisors earlier this year, ending its longstanding partnership with the for-profit company.

Elias Law Group, which previously represented Arabella Advisors, did not respond to The Daily Signal’s request for comment as to whether it still represents the nonprofits, or Sunflower Services or Vital Impact.

What Is Vital Impact? Caitlin Sutherland, executive director of Americans for Public Trust, directed The Daily Signal to a document that might shed light on the relationship between Arabella Advisors and Vital Impact.

On Monday, Arabella Advisors filed “Articles of Amendment” with the Virginia State Corporation Commission, seeking a “Name Change” to “Vital Impact.” In the Virginia system, the same entity (Number S1572793) merely altered the name from Arabella Advisors to Vital Impact.

“What will Vital Impact be doing and how is it different from what Arabella Advisors was doing?” Sutherland asked.