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Nikki Haley Attracts Donors from Several Quarters

Former U.N. Ambassador Nikki Haley

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Former U.N. Ambassador Nikki Haley is tied to numerous political action committees. These committees raised over $28 million the last time they were required to disclose.

Haley’s 2024 Presidential Campaign

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Republican presidential candidate Nikki Haley is racking endorsements from vital conservative fundraisers ahead of the 2024 primaries. She already has solid backing from wealthy donors in Silicon Valley, including those who typically donate to the Democratic Party and her network of political action committees (PAC).

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Multiple PACs and Nonprofits

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According to Federal Election Commission (FEC) filings and her campaign’s spending ahead of the Iowa Caucuses, the former U.N. ambassador’s leading political action committee is SFA Fund Inc. However, Ms. Haley is linked to two other super PACs and a 501(c)(4) organization.

Total Funds Raised

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The PACs SFA Fund, Team Stand For America, and Stand For America PAC had a total of about $19.5 million on hand at the end of June, according to FEC records. Most of the money was in the SFA Fund, which held nearly $17 million. Those funds had raised $28 million through June, the last time the FEC required PACs to disclose their fundraising activities.

Super PACs and Their Role

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According to the regulatory agency, a super PAC can solicit or make unlimited contributions from individuals, corporations, labor unions, and other political committees. SFA Fund is a hybrid PAC, meaning that it can request and accept total contributions from individuals, corporations, labor unions, and other political committees.

It must maintain two bank accounts—one for independent spending on advertisements or voter drives and another for directly contributing to federal candidates.

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Stand For America Inc.

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Ms. Haley is linked to a nonprofit 501(c)(4): Stand For America Inc. According to 2021 IRS records obtained by The Epoch Times, the group’s president was Michael Haley, Ms. Haley’s husband. Stand For America was registered as a nonprofit by the IRS in 2019, shortly after she left her position as the U.S. ambassador to the United Nations.

Stand For America PAC

Stand For America PAC, a traditional political action committee, was formed in January 2021, well ahead of Ms. Haley’s February announcement that she was running for president. Between January 2021 and December 2022, Stand For America PAC raised about $17.5 million. It returned about $1.7 million to Stand For America Inc. during that period.

It also spent $5.4 million with Arlington, Virginia, consultancy Targeted Victory.

Joint Fundraising Committee

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Team Stand for America, a joint fundraising committee, was founded in November 2022 and shares an address with Stand For America Inc. Through June, Team Stand for America sent about $2 million to Nikki Haley for President, about $1.3 million to Stand For America PAC, and about $770,000 to the SFA Fund.

At the end of September, Ms. Haley’s principal campaign committee raised about $18.7 million and retained about $11.6 million.

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Influential Donors – Jan Koum

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The largest single donor to the SFA Fund is Ukrainian-American billionaire Jan Koum. He gave $5 million to SFA Fund Inc. between February and June. Mr. Koum is a co-founder and former CEO of messaging application WhatsApp.

The application was acquired by Facebook Inc. in 2014 for $19.3 billion. Forbes estimates that Mr. Koum is worth $15.3 billion.

Notable Donors – Tim Draper

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Tim Draper, founder and managing partner of San Mateo, California-based Draper Associates and a member of the wealthy Draper family, gave $1.25 million to SFA Fund in June. Forbes estimates that he’s worth $1.2 billion.

Mr. Draper, who campaigned in 2018 to split California into six states, is a prolific donor but has yet to splurge on political causes.

Prominent Donor – Vivek Garipalli

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Vivek Garipalli, co-founder of Clover Health, gave $1  to the SFA Fund in March. The healthcare entrepreneur is a consistent political donor who typically gives to Democratic Party causes.

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Key Contributor – Laurel Asness

Laurel Asness, known for her Republican affiliations, made a substantial $1 million contribution to the SFA Fund in February. This contribution stands as her largest-ever political donation.

Generous Support – Christopher Redlich Jr.

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Christopher Redlich Jr. contributed $1 million to the SFA Fund between March and June. His history of supporting Republican causes is noteworthy, although he has made small contributions to Democrats.

Noteworthy Backer – Steven Stull

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President of Advantage Capital Partners, Steven Stull, donated $1 million to the SFA Fund in June. His contributions span Democratic and Republican candidates, adding complexity to his political stance.

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Influential Supporter – Ronald Simon

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Ronald “Ron” Simon, founder of RSI Equity Partners, gave $1 million to the SFA Fund in June. His consistent support for the Republican Party is evident, emphasizing the diverse range of donors backing Nikki Haley.

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