1. Home
  2. /
  3. Politics
  4. /
  5. Slideshow
  6. /
  7. Nikki Haley Attracts Donors...

Nikki Haley Attracts Donors from Several Quarters

Former U.N. Ambassador Nikki Haley

Credit: Depositphotos

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

Credit: Depositphotos

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).

Read More: Axelrod Stands Firm in Criticism of Biden as President’s Insult Raises Eyebrows: ‘Believes he can Outsmart Fate’

Multiple PACs and Nonprofits

Credit: Depositphotos

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

Credit: Depositphotos

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

Credit: Depositphotos

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.

Read More: Judge Rejects Trump’s Mistrial Request in New York Fraud Case, Dismisses Claims as ‘Baseless’

Stand For America Inc.

Credit: Depositphotos

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

Credit: Depositphotos

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.

Also Read: Democrats Achieve Historic Victory in Dauphin County, Potentially Flipping House Seat

Influential Donors – Jan Koum

Credit: Depositphotos

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

Credit: Depositphotos

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

Credit: Depositphotos

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.

Read Next: Astonishing Low Pass by MiG-29 Fighter Jet Caught on Video

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.

Credit: Depositphotos

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

Credit: Depositphotos

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.

Read More: Biden Stares Blankly at Press, Exits Room During Meeting with NATO Secretary General

Influential Supporter – Ronald Simon

Credit: Depositphotos

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.

More from The Stock Dork – Biden Administration Faces Criticism Over Exemptions in EV Tax Credit Rule

Credits: DepositPhotos

More from The Stock Dork – Court Limits Biden Administration’s Changes to Family Planning Program, Allowing Funding for Abortion Referrals

Credits: DepositPhotos

More from The Stock Dork – Russia’s Lavrov Asserts Unchanging Goals in Ukraine at Security Talks

Credits: DepositPhotos

Russia’s Lavrov Asserts Unchanging Goals in Ukraine at Security Talks

More from The Stock Dork – Trump’s Attorney Argues That Georgia Trial Would Disrupt 2024 Campaign

Credits: DepositPhotos

Trump’s Attorney Argues That Georgia Trial Would Disrupt 2024 Campaign

More from The Stock Dork – DeSantis Fulfills Pledge to Visit Every County in Iowa

Credits: DepositPhotos

Malik is a skilled writer with a passion for news and current events. With their keen eye for detail, they provide insightful perspectives on the latest happenings. Stay informed and engaged!