In early January 2024,
The New York Times reported that the fund had out-raised
Donald Trump's "
Make America Great Again Inc."
super PAC in the second half of 2023, with $50.1 million to Trump's $46 million.
Bloomberg later reported that much of the PAC's donations came from "prominent
Wall Street executives ... including
Home Depot co-founder
Ken Langone as well as
LinkedIn co-founder and
Democratic donor
Reid Hoffman." That same month, SFA Fund had paid more than $23 million to run TV and digital ads, according to data from AdImpact, a service that tracks political advertising and spending. Many of the ads are supportive of
Haley, her record and her proposed policies. The PAC also funded
attack ads on other candidates, specifically
Florida governor
Ron DeSantis and President
Joe Biden, the
Democratic candidate Haley was expecting to face if she won the Republican primary. As of June 30, 2024, the fund had raised roughly $18.7 million, according to its filings with the
Federal Election Commission. The PAC received $15 million in contributions from billionaire
Jan Koum, co-founder of
WhatsApp, and $5 million each from
Ken Griffin, founder of
Citadel LLC, and
Paul Singer, founder of
Elliott Management. In late November,
Forbes reported that the super PAC had spent an additional $3.6 million on anti-
DeSantis ads, primarily in
Iowa and
New Hampshire, which hold the first two nominating contests in the primary process. ==References==