Conservatives have traditionally had a fondness for the corporate elite, trusting in the likes of Jack Welch, Charles Koch, and the rest of the Reaganite overclass to govern the country’s affairs and steer civic life. Philanthropy, for generations, was core to that invisible hand, rooted in their widely held belief that Wall Street could better allocate America’s resources than Washington. The prevailing wisdom across the American right was to unshackle the mega-donor class, within reason—incentivizing them to send their billions to tax-exempt institutions, and allowing them to make larger political contributions, too, often without disclosure. Largely conservative institutions from neighborhood churches to Americans For Prosperity reaped the windfalls.