Republican presidential candidate and former US President Trump (left) and Vice President Kamala Harris.
Reuters
Wealthy Americans opened their wallets in August, focusing on the election season to support Vice President Kamala Harris, former President Donald Trump and super political action from Democrats and Republicans across the country, according to a monthly report filed by the Federal Election Commission. The committee donated millions of dollars.
The largest single donor contribution went to pro-Trump super PAC MAGA Inc., to which Wisconsin rooftop billionaire and prolific Republican megadonor Diane Hendricks gave $10 million.
Howard Lutnick, chief executive of financial services firm Cantor Fitzgerald, and Paul Singer, president of investment management firm Elliott Management, both donated $5 million to MAGA Inc.
Annette Caldwell Simmons, the widow of businessman Harold Simmons, donated $2 million to MAGA Inc., while Warren Stephens, CEO of investment bank Stephens & Co., donated $1 million. .
On the Democratic side, tech entrepreneurs are the largest donors to FF PAC, also known as Future Forward, a super PAC supporting Harris' presidential campaign.
The organization’s largest donors in August were Facebook and Asana Co-founder Dustin Moskowitz, Netflix Co-founders Reed Hastings and twillio Co-founder Jeff Lawson and his wife Erica.
Moskowitz donated $3 million to the FF PAC, and Hastings, Jeff Lawson and Erica Lawson each donated $1 million.
Hastings is a major supporter of the Democratic Party and one of its largest donors Publicly calling on President Biden to step down from his re-election campaign earlier this year.
The report released Friday only includes donations between Aug. 1 and Aug. 31, Harris' first full month as the presumptive (and later official) Democratic presidential nominee.
Super PACs like FF PAC and MAGA Inc. are havens for prolific political megadonors like Hendrix, Lutnick and Hastings because, unlike campaigns and their affiliated committees, super PACs have There is no limit on the amount of individual donations.
Looking further down the line, Club for Growth Action, a conservative super PAC that supports Republican congressional and Senate candidates, received two large donations in August, one from the trade group Susque Jeff Yass and Richard Uihlein, co-founders of Susquehanna International Group, founders of shipping supply company Uline.
Yass and Uihlein are both major mega-donors to the Republican Party, giving to the Club for Growth and other conservative groups over multiple election cycles.
On the Democratic side, House Majority PAC, a group that promotes Democratic campaigns for Congress, in August hired away Continental Cable co-founder Amos Hostetter Jr. $600,000 was received there, the largest donation the organization has received during this filing period.
Hostetter's History Donate to anti-Trump groups.