$375 Billion EPA Slush Fund Gave Money To Charity Groups Created Months Earlier

A massive climate change slush fund created by former President Joe Biden’s Inflation Reduction Act paid out billions of dollars to groups that had been created just months before receiving the money.

Exclusive reporting from the New York Post found that billions of dollars went to groups with no footprint, including $7 billion to Climate United Fund, a Bethesda, Maryland, organization that has no federal filings or even a listing on the Internal Revenue Service’s charities database. Further, the organization was incorporated in Delaware on November 30, 2023, just five months before receiving the money in April 2024, the Post reported.

Climate Fund United announced “the historic investment” in a press release and claimed the organization “delivers benefits like cleaner air” and “increased energy security,” but fails to note how it will spend the $7 billion.

A spokesperson for the organization told the Post that the money provided to the Climate United Fund actually sits with a related non-profit called Calvert Impact. The Post found three organizations with that name, all based in Bethesda, meaning it is difficult to track where the money actually went.

Another organization, the Justice Climate Fund, was created in 2023 and received $940 million dollars even though it hasn’t even submitted a tax filing to the IRS. The organization claims it works with “community partners” to “drive transformative investments, focused on reducing pollution,” and more.

The slush fund was overseen by John Podesta, who chaired Hillary Clinton’s failed 2016 presidential bid and who fell for a phishing scam that hacked his Gmail account and led to WikiLeaks releasing his emails. Biden tapped Podesta to oversee the climate slush fund in 2022, soon after the Inflation Reduction Act was passed. Though named for its supposed efforts to reduce inflation, the bill increased government spending – particularly to left-wing organizations purporting to solve climate change.

In 2024, Environmental Protection Agency advisor Brent Efron discussed how the Biden administration shoved $20 billion in climate grants out the door before leaving office.

“Get the money out as fast as possible before they [Trump Administration] come in … it’s like we’re on the Titanic and we’re throwing gold bars off the edge,” Efron said in footage captured by Project Veritas.

EPA administrator Lee Zeldin has been vocal about the “gold bars,” since being confirmed to his post. He told the Post on Monday that the “Biden EPA ‘gold bar’ scheme was designed to limit government oversight while doling out funds to far-left organizations pushing DEI and Environmental Justice.”

“Of the eight pass-through entities that received funding from the pot of $20 billion in tax dollars, various recipients have shown very little qualification to handle a single dollar, let alone several billions of dollars,” he added. “I have zero tolerance for waste and abuse at the EPA.”

One of the organizations that received money was a group tied to failed Georgia gubernatorial candidate Stacey Abrams, which received $2 billion despite having raised almost no funds the first three months it operated. It had only existed for six months when it received money from the Biden administration.