The hybrid political action committee American Values 2024 continues to draw support from billionaire heir Timothy Mellon.
Wealthy investor Timothy Mellon simultaneously funded the candidacy of Robert F. Kennedy Jr. and former President Donald Trump in January, according to new federal filings.
On the evening of Feb. 20, the two central fundraising bodies associated with Mr. Kennedy’s presidential campaign—Team Kennedy and American Values 2024—reported they brought in about $12.4 million in total receipts in January.
The two bodies spent more than $27.8 million in the first month of 2024 and headed into February with about $6.3 million in cash on hand.
Biggest Funders
Once again, Mr. Kennedy’s hybrid political action committee, American Values 2024, got a $5 million contribution from Mr. Mellon.
In 2023, Mr. Mellon was American Values 2024’s most important sponsor. He gave the PAC $15 million, or more than half of the money it raised, last year.
Also in January, according to federal records, Mr. Mellon sent $5 million to Make America Great Again Inc., the super PAC backing President Trump. Mr. Mellon, according to federal records, sent $10 million to MAGA Inc. in the last six months of 2023.
Mr. Mellon is a prominent Republican donor who has regularly made multimillion-dollar contributions to GOP groups such as the Congressional Leadership Fund and the Senate Leadership Fund, according to donor records maintained by watchdog group OpenSecrets.
Ahead of the 2020 election, Mr. Mellon contributed $20 million to America First Action, a super PAC opposing then-candidate Joe Biden.
The January report for American Values also included a $4 million contribution from a company listed by the FEC as Planeta Management LLC. The address provided for the entity was an office building at 50 West Liberty in Reno, Nevada.
Business records maintained by the Nevada Secretary of State’s office did not turn up any entity registered under that name. However, records maintained by the California Secretary of State did list Planeta Management. The entity is recognized by the Golden State as a “corporate service company.”
The Epoch Times reached out to Basin Street Properties, which leases the building, to see if more information about the listed tenant is available. The firm did not respond by press time.
The donations by Mr. Mellon and Planeta made up most of the $9.7 million American Values raised in January.
Ballot Access, Security, Facebook
The Kennedy campaign accessed more than 100 million Americans on Feb. 11 when American Values 2024 aired a surprise television advertisement during the Super Bowl.
A hybrid PAC can solicit and accept unlimited contributions from individuals, corporations, labor unions, and other political committees, according to the FEC. It must maintain two bank accounts: one for independent expenditures on advertisements or voter drives and another for making direct contributions to federal candidates.
The Kennedy campaign’s main priority continues to be getting the candidate on the ballot in every state.
American Values paid a total of $325,000 to various firms for ballot access in January. Team Kennedy spent $2,900.
The campaign is also spending heavily on internet advertising. Disclosures for Team Kennedy showed 190 transactions with Facebook, the social media network owned by Meta Platforms Inc. All told, the Facebook transactions for January came to $171,000
The Kennedy campaign is hoping it can access young Americans who may be dissatisfied with the Democratic and Republican parties to mount the most significant third party run in recent memory.
Original News Source Link – Epoch Times
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