Event
Fundraising for the 2024 U.S. election
Money raised and spent in the 2023–24 federal election cycle, as reported to the Federal Election Commission; gifts of this kind are lawful.
- Dates
- Jan 2023 – Dec 2024
Connections 14
funded by
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Building America’s Future
2023 – 1 Nov 2024
dark money group working to elect Trump; reportedly raised $100 million over four years
Scholarship & press
1
Reported by the Brennan Center as “reportedly”; not confirmed here by a filing.
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Dustin Moskovitz
2023 – 1 Nov 2024
groups backing Harris (a snapshot at 1 November 2024), $38M
Scholarship & press
1
A gift under the law.
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Elon Musk
2023–2024
groups backing Trump, including America PAC (more than $290 million, per year-end FEC filings), $290M
Scholarship & press
2
A gift under the law.
- Future Forward USA Action 2023 – 1 Nov 2024 gave its affiliated super PAC, by 1 November 2024, $136M Scholarship & press 13
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Miriam Adelson
2023 – 1 Nov 2024
groups backing Trump (a snapshot at 1 November 2024), $100M
Scholarship & press
1
A gift under the law.
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Timothy Mellon
2023 – 1 Nov 2024
groups backing Trump (a snapshot at 1 November 2024), $150M
Scholarship & press
1
A gift under the law.
involved
- Federal Election Commission receives the reports Primary record 45
- Timothy Mellon gave $150 million to groups backing Trump, by 1 November 2024 Scholarship & press 1
- Miriam Adelson gave $100 million to groups backing Trump, by 1 November 2024 Scholarship & press 1
- Elon Musk gave more than $290 million over the whole cycle, per year-end FEC filings Scholarship & press 2
- Dustin Moskovitz gave $38 million to groups backing Harris, by 1 November 2024 Scholarship & press 1
- Future Forward USA Action gave $136 million to its affiliated super PAC, by 1 November 2024 Scholarship & press 1
- Building America’s Future dark money group working to elect Trump Scholarship & press 1
- Bill Gates reportedly gave $50 million to Future Forward USA Action Scholarship & press 1
Timeline 7 dates
- Jan 2023 – Dec 2024 Fundraising for the 2024 U.S. election
- 2023 – 1 Nov 2024 Building America’s Future funded Fundraising for the 2024 U.S. election
- 2023 – 1 Nov 2024 Dustin Moskovitz funded Fundraising for the 2024 U.S. election
- 2023–2024 Elon Musk funded Fundraising for the 2024 U.S. election
- 2023 – 1 Nov 2024 Future Forward USA Action funded Fundraising for the 2024 U.S. election
- 2023 – 1 Nov 2024 Miriam Adelson funded Fundraising for the 2024 U.S. election
- 2023 – 1 Nov 2024 Timothy Mellon funded Fundraising for the 2024 U.S. election
Proof 5 sources
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Megadonors Playing Larger Role in Presidential Race, FEC Data Shows, Brennan Center for Justice, 1 Nov 2024.
Scholarship & press
Dark money groups are also working to elect Trump. The largest appears to be Building America’s Future, which has reportedly raised $100 million over four years, including donations from Musk.
The largest individual donor pro-Harris groups have reported is Dustin Moskovitz, also from the tech industry, who gave $38 million.
The pro-Harris super PACs’ largest donor overall, however, is Future Forward USA Action, a nonprofit that doesn’t disclose its donors and has given its affiliated super PAC $136 million to date; reportedly, $50 million of Future Forward’s money has come from Microsoft founder Bill Gates.
banking heir Timothy Mellon ($150 million), tech mogul Elon Musk ($119 million), and casino owner Miriam Adelson ($100 million)
the biggest super PACs supporting the major party nominees for president have together taken in $865 million from donors who each gave $5 million or more
Both parties have increased their reliance on $5 million-plus donors, but not to the same degree.
reportedly, $50 million of Future Forward’s money has come from Microsoft founder Bill Gates
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Elon Musk spent more than $290 million on the 2024 election, year-end FEC filings show, CNN (via KTVZ), 1 Feb 2025.
Scholarship & press
Elon Musk spent a total of more than $290 million on the 2024 election, new federal filings show
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New study shows runaway influence of dark money in politics, Brennan Center for Justice.
Scholarship & press
Both Republicans and Democrats benefited from significant dark money support in 2024, but the majority of traceable dark money backed Democrats.
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Statistical Summary of 24-Month Campaign Activity of the 2023-2024 Election Cycle, Federal Election Commission, 23 Apr 2025.
Primary record
United States House and Senate candidates running in the 2024 election cycle reported raising $3.8 billion and spending $3.7 billion between January 1, 2023 and December 31, 2024.
Presidential candidates raised $2 billion and spent approximately $1.8 billion in the 24 months of the 2023-2024 election cycle
Democratic and Republican party committees reported receiving $672.9 million and $514 million, respectively, from individuals.
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Who’s funding the 2024 election?, USAFacts, May 2024.
Scholarship & press
ActBlue has raised more than $1.1 billion, almost 80% more than its closest competitor, WinRed, with $623.1 million.
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