Republican presidential nominee and former U.S. President Donald Trump (L), and Vice President Kamala Harris.
Reuters
The nation’s rich opened their wallets in August with a give attention to election season, donating hundreds of thousands to the tremendous PACs backing Vice President Kamala Harris, former President Donald Trump and Democrats and Republicans all through the nation, in line with month-to-month studies filed with the Federal Election Fee on Friday.
The biggest single-contributor donations went to MAGA Inc., the tremendous PAC backing Trump, with Wisconsin roofing billionaire Diane Hendricks, a prolific GOP megadonor, giving $10 million to the group.
Howard Lutnick, the CEO of the monetary companies firm Cantor Fitzgerald, and Paul Singer, the president of Elliott Administration, an funding administration agency, each gave $5 million to MAGA Inc.
Annette Caldwell Simmons, the widow of businessman Harold Simmons, gave $2 million to MAGA Inc., whereas Warren Stephens, the CEO of funding financial institution Stephens Inc., gave $1 million.
On the Democratic facet, tech entrepreneurs have been the most important donors to FF PAC, also called Future Ahead, an excellent PAC backing Harris’ presidential bid.
The largest donors to the group in August have been Fb and Asana co-founder Dustin Moskovitz, Netflix co-founder Reed Hastings and Twilio co-founder Jeff Lawson and his spouse, Erica.
Moskovitz donated $3 million to FF PAC, whereas Hastings, Jeff Lawson and Erica Lawson every gave $1 million.
Hastings, who’s a significant backer of Democrats, was one of many greatest Democratic donors to publicly name for President Joe Biden to step apart from his re-election marketing campaign earlier this yr.
The studies out Friday solely included donations from Aug. 1 via Aug. 31, the primary full month that Harris was the presumptive — and later official — Democratic presidential nominee.
Tremendous PACs like FF PAC and MAGA Inc. are havens for prolific political megadonors like Hendricks, Lutnick and Hastings as a result of, not like campaigns and their affiliated committees, tremendous PACs haven’t got limits on how a lot people can donate.
Additional down the poll, Membership for Progress Motion, a conservative tremendous PAC that enhances GOP congressional and Senate candidates, obtained two main donations in August of $5 million every from Jeff Yass, the co-founder of Susquehanna Worldwide Group, a buying and selling group, and Richard Uihlein, the founding father of transport provide firm Uline.
Yass and Uihlein are each main GOP megadonors who’ve given to Membership for Progress and different conservative teams for a number of election cycles.
On the Democratic facet, Home Majority PAC, a gaggle that enhances Democrats working for Congress, obtained $600,000 in August from Amos Hostetter Jr., the co-founder of Continental Cablevision, the most important donation to the group for this submitting interval.
Hostetter has a historical past of donating to anti-Trump teams.
