Key Conservative Group Spent $50.6 Million on Nikki Haley’s Failed Presidential Bid

Two leading conservative political action committees spent more than $36.7 million on various federal races during the first quarter of 2024.

Both PACs are associated with key conservative influence groups.

Americans For Prosperity Action Inc. is a 501(c)(4) nonprofit closely tied to conservative megadonor Charles Koch and his family’s business Koch Industries Inc. FEC records show Koch Industries and Stand Together Chamber of Commerce, a group founded by Charles Koch, both gave the PAC $25 million in May 2023.

Club For Growth, a 501(c)(4) nonprofit, calls itself a free-enterprise advocacy group. Club For Growth Action is primarily financed by two conservative megadonors: Jeff Yass and Richard Uihlein.

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At the end of March, Americans For Prosperity Action held about $39.1 million in cash on hand. Club For Growth Action retained about $20.1 million.

Presidential Race

Americans For Prosperity backed former U.S. Ambassador to the United Nations Nikki Haley’s campaign for the White House, spending millions on the unsuccessful effort.

According to the FEC, Americans For Prosperity spent about $31.2 million to support Ms. Haley between November 2023 and February 2024. It also spent about $10 million to oppose former President Donald Trump and about $9.4 million against President Joe Biden between May and October 2023.

The presidential primary spending accounts for more than 80 percent of the about $62.2 million the PAC expended since the beginning of 2023.

Americans For Prosperity is backing the Republican Party candidate in every race. Through February of the current election cycle, it spent about $3.7 million on the Montana, Nevada, and Pennsylvania races.

So far, Americans For Prosperity has spent more than $1 million to help Tim Sheehy, Sam Brown, and Dave McCormick.

According to its most recent filings, Americans For Prosperity spent about $766,000 in March and April to support Bernie Moreno.

Both Mr. Moreno and Mr. McCormick won their party’s state primary and will officially represent their party in November.

Mr. Sheehy and Mr. Brown are still awaiting primary elections but are considered the frontrunners in their respective states.

Club For Growth, for its part, focused on the Ohio and West Virginia races. Through February of the current election cycle, it used about $4.2 million on those races.

Club For Growth spent about $2.1 million against West Virginia Gov. Jim Justice, a Republican, who is running for the seat that will be vacated by Sen. Joe Manchin (D-W.Va.). It allocated $1.82 million toward Mr. Moreno.

A smaller amount, $300,000, went toward Rep. Jim Banks (R-Ind.). Mr. Banks is the presumptive Republican nominee to replace Sen. Mike Braun (R-Ind.).

According to Club For Growth Action’s most recent FEC filing, in March, the PAC spent about $1.9 million against Matt Dolan, Mr. Moreno’s Republican primary opponent, during the final days of Ohio’s primary race.

Mr. Moreno received about $963,000 in support during the same period.

Major Donations

In the first three months of 2024, Club For Growth Action got another cash injection from its biggest benefactors. Mr. Yass, a cofounder of investment firm Susquehanna International Group, sent $4.5 million in March. Mr. Uihlein, the CEO of packaging company Uline, sent $1.5 million.