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Fact check: Who financed No Kings demos nationally

Checked on June 16, 2025

1. Summary of the results

The "No Kings" demonstrations were financed by a complex network of organizations and wealthy individuals. Key financiers include:

  • Christy Walton (Walmart heiress) who funded full-page color advertisements in major newspapers [1]
  • George Soros' Open Society Foundation, which provided $8 million to Indivisible between 2017-2023 [1]
  • A coalition of approximately 198-200 organizations with collective annual revenues of $2.1 billion [2]

Key organizing groups included:

  • Indivisible, led by Leah Greenberg
  • American Federation of Teachers, led by Randi Weingarten
  • National Action Network, led by Rev. Al Sharpton
  • Communications Workers of America
  • American Civil Liberties Union
  • MoveOn [1] [2] [3]

2. Missing context/alternative viewpoints

The demonstrations were significantly larger than the original question suggests, involving:

  • Over 5 million participants
  • Approximately 2,000 events nationwide [3]

It's important to note that these were not spontaneous protests but rather a coordinated effort by Democratic-aligned organizations [2]. Many of these groups claim tax-exempt, "nonpartisan" nonprofit status despite their political alignments [2].

3. Potential misinformation/bias in the original statement

The original question oversimplifies what was actually a complex funding structure. Several potential biases should be considered:

  • Financial interests: Many of these organizations collectively manage billions in annual revenue [2], suggesting significant financial stakes in political activism
  • Political alignment: Most funding organizations are explicitly aligned with the Democratic Party [2]
  • Tax status contradiction: Despite claiming nonpartisan status for tax purposes, many of these groups engage in clearly partisan activities [2]
  • Institutional power: The involvement of major unions, wealthy individuals, and established political organizations suggests this was not a grassroots movement but rather an institutionally-backed campaign
Want to dive deeper?
What is the No Kings movement and what are their main political objectives?
Which organizations have been accused of funding anti-monarchy demonstrations in recent years?
How are grassroots political demonstrations typically funded in democratic countries?
What role do political action committees play in organizing protest movements?
Are there transparency requirements for funding sources of political demonstrations and rallies?