 American Future Fund logo | |
| Founded | 2007 [1] |
|---|---|
| Type | 501(c)(4) Nonprofit |
| 26-0620554 (EIN) | |
| Location |
|
| Coordinates | 41°32′47″N93°38′42″W / 41.5463°N 93.6449°W |
Area served | United States |
Members | 3 |
Key people | Sandra Greiner, President [1] |
Revenue | $23,304,826 (2010) [2] |
Employees | 0 |
Volunteers | 32,340 [1] |
| Website | americanfuturefund |
The American Future Fund is a 501(c)(4) tax-exempt organization based in Iowa. [3]
Nick Ryan, an adviser to U.S. Representative Jim Nussle, founded the organization in 2007. [4] Its current president is another Iowa state Senator Sandra Greiner. [5] All are Republicans who served on Mitt Romney's campaign for the Republican U.S. Presidential nomination in 2008. [6]
The fund describes itself as providing Americans with "a conservative and free market viewpoint" with the means to communicate and advocate on behalf of those beliefs. [7] In 2010, the fund reported over 9 million dollars of independent campaign expenditures to the Federal Election Commission, and all of its expenditures benefited Republicans. [8] According to OpenSecrets, the American Future Fund ranked fourth in spending by nonprofits during the 2012 federal elections. [9]
The organization does not disclose the names of those who provide its funding. [10] The Koch brothers have acknowledged funding the American Freedom Fund in some years. Others identified as providing funding include Iowa businessman Bruce Rastetter, a founder of US ethanol-producer Hawkeye Energy Holdings, and the Pharmaceutical Research and Manufacturers of America, a lobbying group. [9]
It is affiliated with the Center to Protect Patient Rights. [11] [12]
The Fund's first communications effort was a positive ad in support of a candidate. Much of its communications work since then have involved negative advertising against Democrats, [13] but also includes advocacy for a Libertarian candidate designed to hurt a Democrat's chance of winning an election and television ads against Donald Trump during his campaign for the 2016 Republican presidential nomination.
In the United States, a political action committee (PAC) is a tax-exempt 527 organization that pools campaign contributions from members and donates those funds to campaigns for or against candidates, ballot initiatives, or legislation. The legal term PAC was created in pursuit of campaign finance reform in the United States. Democracies of other countries use different terms for the units of campaign spending or spending on political competition. At the U.S. federal level, an organization becomes a PAC when it receives or spends more than $1,000 for the purpose of influencing a federal election, and registers with the Federal Election Commission (FEC), according to the Federal Election Campaign Act as amended by the Bipartisan Campaign Reform Act of 2002. At the state level, an organization becomes a PAC according to the state's election laws.
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On March 3, 2016, U.S. Republican politician Mitt Romney delivered a major speech for the Hinckley Institute of Politics at the Libby Gardner Hall in the University of Utah. In that speech, he denounced Donald Trump, who was then the front-runner in the 2016 Republican Party presidential primaries. He urged citizens to use tactical voting in the remaining primaries and caucuses to maximize the chance of denying Trump a delegate majority.
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