The donor list also includes dozens of people who anonymously donated to Haley’s nonprofit but did not disclose their donations to her PAC, which was founded two years later, giving at least $200. Donor names must be disclosed regularly. These contributors include Garipallis and her Republican Megadonor Joe Ricketts.
(See the full list of donors here.)
Like other nonprofit organizations, Stand for America files annual tax returns with the IRS. Institutions and nonprofits are required to make these documents publicly available, including the amount of donations made to the group, but such nonprofits are not required to disclose the identity of donors.
But Documented, an organization that claims to be a bipartisan government watchdog that examines money in politics, obtained an unredacted copy of Stand For America’s 2019 filing and shared it with POLITICO. The group does not share the original source of the application, but it is stamped with the New York Attorney General’s charitable foundation.
These disclosures provide the clearest picture yet of how the 2024 presidential candidates are building their secret networks of large donors as they build their political fabric. And her donor name indicates the deep connections Haley has formed at the top level of the Republican Party. Among those who funded the launch of her organization after she left the Trump administration are some of the Republican Party’s largest super PAC donors.
Haley is among at least a dozen White House candidates, including former President Donald Trump and former Vice President Mike Pence.
“It is very rare for the public to see the identities of donors who give five or six figures to black money groups. There is a reason they are called black money. The public doesn’t know who is funding these groups, but this is a rare exception,” said Brendan Fischer, Deputy Executive Director of Documented.
“This unpublished donor list provides valuable clues about a network of wealthy donors Haley could turn to if she eventually runs for public office,” Fisher said.
Such tax filings are usually rigorous because donors donate to nonprofits with the understanding that their names will be kept confidential. Haley’s team moved to stop the publication of the article, and attorney Michael Adams said POLITICO “is not authorized to receive confidential tax return information, and Politico does not have the right to print, publish, or even retain it.” No,” he writes. that. “
Ballard Spahr’s attorney, Lynn Oberlander, who represents POLITICO, responded in a letter that reports on US political funding “are in the public interest and are fully protected by the First Amendment to the US Constitution.” rice field.
POLITICO contacted each contributor named in this article prior to publication. They did not respond or declined to provide comment.
“The disclosure of confidential tax returns is a clear and corrupt violation of state and federal laws designed to intimidate conservative donors,” Haley said in a statement. “Liberals have always weaponized government against conservatives and Republicans have been too kind for too long. Let the money stop here.”
The nonprofit is a political asset to Haley, a 50-year-old former South Carolina governor and long-known favorite of Republican funders. When she launched this group in her 2019, it had been five years since she last ran for president. She was able to use this group to create a new mailing her list of her supporters, pay her staff, and fund travel, polls, and policy research.
Just because a donor donated to her nonprofit doesn’t mean they’ll support a future presidential election. Many of the contributors are also known to endorse other potential candidates, including Trump and Florida Governor Ron DeSantis.
Donations from 2019 also represent a snapshot in time. Donors donated before Trump lost the 2020 re-election race and quickly veered to become the frontrunner for the 2024 Republican presidential nomination.
Documented says it has not obtained an unredacted version of Stand For America’s most recent IRS filings covering the 2020 calendar year. A redacted 2020 filing shows that the organization raised his $9.3 million that year.
Haley resigned from her post in the Trump administration at the end of 2018 and launched Stand for America shortly after. The 501(c)(4) “social welfare” organization’s mission, according to its website, is to support “policies that ensure a stronger, safer, and more prosperous nation for all Americans.” .
Throughout 2019, Hailey was supported by 71 donors who contributed at least $5,000, raising a total of $7 million in funding, according to filings.
The largest donors were New Jersey’s Chief of Health, Vivek Garipalli, and his mother, Lakshmi Garipalli, who each donated $500,000. Vivek Garipalli is a regular Democratic donor, giving to the likes of President Joe Biden and Senate Democrats, but according to a federal financial disclosure document Haley filed in 2018, he and her I have a “long-standing personal friendship” with my husband. He was an ambassador to the United Nations.
Garlipari gifted Haley New York Knicks tickets that year, and the tickets donated hundreds of thousands of dollars to pro-Haley political action committees when Haley was governor of South Carolina.
In 2019, Haley’s second largest nonprofit donors were the Adelsons, who each contributed $250,000. (Sheldon Adelson passed away in early 2021.) Miriam Adelson, who has since become the Republican Party’s most popular mega-donor, also donated up to $5,000 to Haley’s PAC in 2021. This is the first federal donation since the death of her husband.Haley met Miriam Adelson informally while attending a conference of the Republican Jewish Union in the fall of 2021. She was one of the few candidates who could
The third largest donor was Stanley Druckenmiller and his wife Fiona, who together donated $350,000. Next was Scott Bescent, an investor with a long history of giving to the Republican Party, who donated $325,000. Singer, another prominent Republican mega-donor, donated $270,000.
Haley’s donors span the party’s ideological spectrum, from those who support Trump to those who don’t. She collected a six-figure nonprofit donation from Home Depot co-founder Bernie Marcus. Bernie Marcus heavily funded Trump’s 2020 re-election effort, while Druckenmiller backed former Ohio governor John Kasich over Trump in the 2016 primary.
Haley launched a separate Stand for America PAC. This differs from non-profits in that the contributor must be disclosed and the maximum contribution he can make is $5,000. PACs have unlimited political spending, but there are caps on contributions. Also, while nonprofits can raise and spend unlimited amounts of money, there are limits on how much they can spend on explicit political activities.
Some of Hailey’s donors only donated through dark money means. Gallipalis and Bescent are he among Stand for America’s largest donors, but they have yet to donate to the Stand for America PAC, according to the latest federal filings. So did Ricketts, a major Republican donor, who donated $50,000 to the nonprofit Stand for America, but nothing to his PAC, which will be registered in 2021. .
Haley’s nonprofit, like other 2024 candidates, is using the money to pay a political consulting firm doing work for the group. Stand for America’s highest-paid vendors include a prominent Republican consulting firm, according to filings. Image Direct, a direct mail company, and two digital companies, Coldspark and Fifth Influence.
The nonprofit also promotes Haley’s policy platform and has created an extensive email list of future supporters. Stand For America sends a five-day-a-week policy newsletter to his more than 200,000 subscribers, airs advocacy commercials in states like Georgia and Virginia, and hosts virtual town halls for supporters. Did.
Additionally, the organization has reached out to Congress on specific issues, published a 160-page policy book, and produced a series of policy videos in which Haley participated.
All the activities help promote Hailey as she builds momentum into 2024. For example, Haley Her campaign in the future could rent or buy her list of mailings to build a fundraiser.
“The reality is that some potential candidates rely on a handful of very wealthy donors in planning their political futures,” Fisher said. “And if these candidates are elected, they owe their secret donors a huge thank you.”