Since then, Garcetti has reported raising more than $60 million from corporations, foundations, and individuals for the nonprofit Mayor’s Fund for Los Angeles. An undisclosed account holder made the gift through a donor-advised fund overseen by Bessemer Trust, a wealth management firm. Gavin Newsom sought a $1-million contribution last year for a pandemic relief program supporting undocumented immigrants, with the gift routed through a donor-advised fund. The extent to which donor-advised funds have been used to make behested payments for elected officials in the state is unclear. Launched in 2014, the Mayor’s Fund has operated out of City Hall and works with city employees on programs.

Source: Los Angeles Times May 13, 2021 12:03 UTC