Former UN Ambassador Nikki Haley is tied to numerous political action committees that raised more than $28 million the last time they were required to disclose.
Republican presidential candidate Nikki Haley is racking up endorsements from key conservative fundraisers ahead of the 2024 primaries. She already has solid backing from wealthy donors in Silicon Valley, including those who typically donate to the Democratic Party, as well as her network of political action committees.
According to Federal Election Commission filings and her campaign’s spending ahead of the Iowa Caucuses, the former United Nations ambassador’s main political action committee is SFA Fund Inc. However, Ms. Haley is also linked to two other super PACs and a 501(c)(4) organization.
PACs and nonprofits
Collectively, the PACs SFA Fund Inc., Team Stand For America, and Stand For America PAC had a total of about $19.5 million on hand at the end of June, according to FEC records. Most of the money was in SFA Fund, which held about $17 million. Those funds had raised $28 million through June, the last time the FEC required PACs to disclose their fundraising activities.
A super PAC can solicit or make unlimited contributions from individuals, corporations, labor unions, and other political committees, according to the regulatory agency.
SFA Fund is a hybrid PAC. This, according to the FEC, means it can solicit and accept unlimited contributions from individuals, corporations, labor unions, and other political committees. It must maintain two bank accounts—one for independent spending on advertisements or voter drives, and another for making direct contributions to federal candidates.
Stand For America
Ms. Haley is linked to a nonprofit 501(c)(4) organization: Stand For America Inc. According to 2021 Internal Revenue Service records obtained by The Epoch Times, the group’s president at the time was Michael Haley, Ms. Haley’s husband. Stand For America was registered as a nonprofit by the IRS in 2019, shortly after she left her position as the U.S. ambassador to the U.N.
According to the Internal Revenue Service (IRS), A 501(c)(4) is a social welfare organization. The earnings of a 501(c)(4) group must not inure—or enrich—any private shareholder or individual. A 501(c)(4) social welfare organization may engage in some political activities, so long as that is not its primary activity.
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