See this visualization first on the Voronoi app.
Charted: Organization Megadonors to the 2024 Election
This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.
As the 2024 election approaches, organizations are pouring millions of dollars in to support their party of choice, or in some cases, bipartisan groups that bolster their industry.
Using data from the Federal Election Commission for the period January 1, 2023 to August 20, 2024, The Washington Post compiled the 50 top organization donors and where they spent their money. This chart maps the top 10.
Megadonors Supporting Bipartisan Groups
Crypto companies Coinbase and Ripple gave the majority of their donations to Fairshake, a super political action committee (PAC) that supports campaigns of crypto-friendly congressional candidates. Andreessen Horowitz, a venture capital firm, also supported Fairshake.
Contributions from these three megadonors totaled $180.1 million.
Megadonors Supporting Partisan Groups
The majority of the donations went to partisan groups.
| Donor | Amount ($M) | Group | Party |
|---|---|---|---|
| Coinbase | 91.1 | Fairshake | Bipartisan |
| Coinbase | 1.5 | Defend American Jobs | Republican |
| Coinbase | 1.5 | Protect Progress | Democrat |
| Coinbase | 2.1 | Others | |
| Empower Parents PAC | 82.5 | Never Back Down Inc. | Republican |
| Fund for Policy Reform | 60.0 | Democracy PAC | Democrat |
| Future Forward USA Action | 55.9 | Future Forward PAC (FF PAC) | Democrat |
| Ripple Labs | 45.0 | Fairshake | Bipartisan |
| Ripple Labs | 1.5 | Defend American Jobs | Republican |
| Ripple Labs | 1.5 | Protect Progress | Democrat |
| Ripple Labs | 1.0 | Others | |
| AH Capital Management | 44.0 | Fairshake | Bipartisan |
| AH Capital Management | 1.5 | Protect Progress | Democrat |
| AH Capital Management | 1.5 | Others | |
| AH Capital Management | 1.5 | Defend American Jobs | Republican |
| Koch Industries | 40.0 | Americans for Prosperity Action | Republican |
| Koch Industries | 1.8 | Congressional Leadership Fund | Republican |
| Koch Industries | 1.5 | Senate Leadership Fund | Republican |
| Majority Forward | 15.8 | SMP | Democrat |
| Majority Forward | 12.5 | Last Best Place PAC | Democrat |
| Majority Forward | 4.1 | Duty and Country | Democrat |
| League of Conservation Voters | 27.3 | LCV Victory Fund | Democrat |
| League of Conservation Voters | 0.2 | Others | |
| United Brotherhood of Carpenters and Joiners | 25.4 | Working for Working Americans | Democrat |
| United Brotherhood of Carpenters and Joiners | 1.0 | Strategic Victory Fund | Democrat |
The largest contributors to Republican organizations include the Empower Parents PAC and Koch Industries. The notable donations made by these firms went to Never Back Down Inc. ($82.5 million from Empower Parents PAC), Americans for Prosperity Action, Congressional Leadership Fund, and Senate Leadership Fund.
Conversely, the remaining five of the top 10 megadonors supported Democratic groups. The most significant recipients were Democracy PAC, which received $60.0 million from Fund for Policy Reform, and Future Forward PAC, which received $55.9 million from Future Forward USA Action.
More on American Politics
If you found this interesting, check out this visualization that looks at the U.S.’s most trusted sources for government information.
The post Charted: Organization Megadonors to the 2024 U.S. Election appeared first on Visual Capitalist.