Which super PACs did Charles Schwab fund in 2020?

Senate Leadership Fund ($6.3M), Congressional Leadership Fund ($2.5M), Esafund ($1.3M), Wfw Action Fund Inc ($750K), National Victory Action Fund ($300K).

Which candidates did Charles Schwab's money end up backing or attacking in 2020?

against Jon Ossoff (Georgia Senate, about $1.4M, lost); against Cal Cunningham (North Carolina Senate, about $727K, won); against Steve Bullock (Montana Senate, about $380K, won). Amounts are the donor's share of each group's spending.

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Donor

Charles Schwab

Individual

Chairman and Founder, Charles Schwab Corporation · California

19 gifts to 9 groups, as reported to the FEC by the groups that received them.

Mixed

Charles Schwab gave $12M to super PACs and other outside groups in the 2020 federal elections, and 97% of it helped Republicans (FEC filings through Dec 31, 2020). Counting dollars, not candidates, and only races already called, 58% ended up on the winning side ($4.8M won, $3.4M lost).

Gave to outside spenders

$12M

97% of it helped Republicans

Ended up on the winning side

58%

$4.8M of the dollars in races already called

Spent on the losing side

$3.4M

Not spent yet

$3.3M

Sitting with groups that have not spent

Where the cheques went

A person writing cheques from their own fortune. Each gift is split the way the group that received it split its spending between winners and losers, so a $10M cheque to a group that spent 80% on losers counts as $8M on the losing side.

✓ Backed the winner or attacked the loser ✗ Backed the loser or attacked the winner Result not matched

Group	Gave	Won / lost
Senate Leadership Fund $1.8M not spent yet	$6.3M	$2.5M / $2.0M
Congressional Leadership Fund $273K not spent yet	$2.5M	$1.7M / $323K
Esafund $426K not spent yet	$1.3M	$158K / $666K
Wfw Action Fund Inc $186K not spent yet	$750K	$326K / $190K
National Victory Action Fund $138K not spent yet	$300K	$4K / $158K
American Patriots PAC $62K not spent yet	$250K	$32K / $86K
Opportunity Matters Fund, Inc. $44K not spent yet	$100K	$32K / $24K
Republican National Committee $69K not spent yet	$71K	$0 / $2K
NRSC $7K not spent yet	$36K	$17K / $12K

The trail

What the money bought

The candidates Charles Schwab's money was spent for or against, pro-rated by Charles Schwab's share of each group's funding.

Candidate	Race	Spending	Their share	Paid off?
Jon Ossoff	Georgia Senate	Attacking	$1.4M	✗ No
Cal Cunningham	North Carolina Senate	Attacking	$727K	✓ Yes
Steve Bullock	Montana Senate	Attacking	$380K	✓ Yes
Gary Peters	Michigan Senate	Attacking	$312K	✗ No
Theresa Greenfield	Iowa Senate	Attacking	$309K	✓ Yes
Kelly Loeffler	Georgia Senate (special)	Supporting	$307K	✗ No
Joni Ernst	Iowa Senate (primary)	Supporting	$297K	✓ Yes
Mark Kelly	Arizona Senate	Attacking	$266K	✗ No
Jaime Harrison	South Carolina Senate	Attacking	$250K	✓ Yes
Barbara Bollier	Kansas Senate	Attacking	$241K	✓ Yes
David A. Perdue	Georgia Senate	Supporting	$232K	✗ No
John W. Hickenlooper	Colorado Senate	Attacking	$204K	✗ No

Individual as classified from the FEC entity type and public reporting.

Questions people ask

How much did Charles Schwab spend on the 2020 elections, and did it win?: Charles Schwab gave $12M to super PACs and other outside groups in the 2020 federal elections, and 97% of it helped Republicans (FEC filings through Dec 31, 2020). Counting dollars, not candidates, and only races already called, 58% ended up on the winning side ($4.8M won, $3.4M lost).
Which super PACs did Charles Schwab fund in 2020?: Senate Leadership Fund ($6.3M), Congressional Leadership Fund ($2.5M), Esafund ($1.3M), Wfw Action Fund Inc ($750K), National Victory Action Fund ($300K).
Which candidates did Charles Schwab's money end up backing or attacking in 2020?: against Jon Ossoff (Georgia Senate, about $1.4M, lost); against Cal Cunningham (North Carolina Senate, about $727K, won); against Steve Bullock (Montana Senate, about $380K, won). Amounts are the donor's share of each group's spending.