The conservative advocacy group supporting the House GOP leadership reportedly raised more than $26 million for the fiscal year ending last June, breaking its fundraising record.
The Washington Post
, citing tax filings to be submitted this week, reports the cash influx to American Action Network
shows how both it and its allied super PAC, the Congressional Leadership Fund
, are the go-to outside support for Republican House leaders.
"You can see the group has ensconced itself as the House group," Mike Shields, president of both organizations, tells the Post.
"People know the brand. Some of the donors have been burned by other groups out there who promised certain things or weren't as transparent, and this is an organization that has a really strong reputation in the donor community."
A large share of its funding between July 2014 and June 2015 came from a single unnamed donor, who gave $15 million, tax documents show; under section 501(c)(4) of the tax code, American Action Network isn't required to disclose the names of its contributors.
"We benefit from having some investors who can give significant amounts to achieve these goals," Shields said. "As the organization matures, that fundraising base will diversify."
The group funneled most of its money in the 2014-15 fiscal year — nearly $15 million — toward campaigns promoting the House leadership's agenda, and spent $10 million on political ads for Republican House candidates in 11 races, according to the Post.
It also gave $4.8 million in grants to other conservative groups, including $2.5 million to the National Rifle Association.
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