Major outside groups supporting President Biden have raised more than $200 million in the lead-up to the 2024 election, when he faces a tough re-election battle.
After its campaign in 2020, Future Forward, which the Biden team chose as the central outside organization to raise money to boost Biden's prospects, is expected to move between the nonprofit and super PAC sectors in 2023. Raised $8 million.
Huge amount of money the group first shared with politikoshows that Biden will benefit from large amounts of dark money from anonymous backers in the lead up to the 2024 election. The Future Forward nonprofit group hides its donors, but in recent years it has sent tens of millions of dollars to super PACs for election campaigns.
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Future Forward, a major outside group supporting President Biden, raised an eye-popping $200 million last year. (Reuters/Al Drago)
“The same Joe Biden who once said, “Dark money undermines public trust,'' is now running millions of dollars in dark money,'' said the executive director of Americans for Public Trust. , Caitlin Sutherland previously told FOX News Digital. “It's this kind of blatant political hypocrisy that the American people cannot stand.”
Fox News Digital previously reported that a significant amount of the company's cash was routed through a network of nonprofits overseen by Arabella Advisors, a consulting firm that manages a multibillion-dollar dark money network. These actions add a layer of secrecy that further hides the original supporter.
One of the underground finance groups, Impetus Fund, was completely unknown. The Impetus Fund transferred most of its undisclosed cash ($55.8 million) to Future Forward USA Action during the last presidential campaign, according to tax documents.
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The Future Forward dark-finance nonprofit passed large amounts of anonymous donations to a super PAC. (Drew Angerer/Getty Images)
Future Forward USA Action sent $77 million to Future Forward PAC between the 2020 election and June 2023, accounting for more than 40% of the $181 million raised by the PAC during this period . Those donors are unknown.
After spending $141 million in independent spending in the last presidential election, White House senior adviser Anita Dunn said Future Forward was “actually leveraging its status as a preeminent super PAC” to support Biden this time around. “We acquired it,” he said.
President Biden will face a tough re-election battle in the 2024 election. (AP)
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“When they really came out of nowhere and started running ads in 2020, the Biden campaign was impressed by the effectiveness of the ads and the overall rigorous testing that clearly went into the whole project,” Dan said. he previously told the New York Times.
Future Forward did not immediately respond to Fox News Digital's request for comment.
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