One of the largest donors backing former President Donald Trump is also the biggest financier of Robert F. Kennedy Jr.’s independent run.
On Jan. 31, the two funds supporting Mr. Kennedy’s White House ambitions reported their fundraising activities for 2023 with the Federal Elections Commission.
Mr. Kennedy’s main fundraising bodies, Team Kennedy, his principal campaign committee, and American Values 2024, a hybrid political action committee supporting his campaign, brought in about $50.4 million in 2023. The pair spent about $30.6 million. They had about $20.3 million in cash on hand at the end of the year.
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 spending on advertisements or voter drives and another for making direct contributions to federal candidates….
