Which super PACs did Charles Schwab fund in 2022?

Congressional Leadership Fund ($7.5M), Senate Leadership Fund ($5.5M), American Patriots PAC ($650K), Wfw Action Fund Inc ($350K), Alabama Conservatives Fund ($200K).

Which candidates did Charles Schwab's money end up backing or attacking in 2022?

against John K. Fetterman (Pennsylvania Senate, about $915K, lost); against Raphael Warnock (Georgia Senate, about $871K, lost); against Cheri Beasley (North Carolina Senate, about $735K, won). Amounts are the donor's share of each group's spending.

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Donor

Charles Schwab

Individual

Executive Chairman, The Charles Schwab Corporation · Florida

19 gifts to 6 groups, as reported to the FEC by the groups that received them.

Mixed

Charles Schwab gave $14M to super PACs and other outside groups in the 2022 federal elections, and 97% of it helped Republicans (FEC filings through Dec 31, 2022). Counting dollars, not candidates, and only races already called, 42% ended up on the winning side ($5.0M won, $6.9M lost).

Gave to outside spenders

$14M

97% of it helped Republicans

Ended up on the winning side

42%

$5.0M of the dollars in races already called

Spent on the losing side

$6.9M

Not spent yet

$2.4M

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
Congressional Leadership Fund $847K not spent yet	$7.5M	$2.5M / $4.0M
Senate Leadership Fund $781K not spent yet	$5.5M	$2.0M / $2.7M
American Patriots PAC $281K not spent yet	$650K	$244K / $37K
Wfw Action Fund Inc $77K not spent yet	$350K	$49K / $114K
Alabama Conservatives Fund $27K not spent yet	$200K	$173K / $0
NRSC $48K not spent yet	$73K	$7K / $18K

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?
John K. Fetterman	Pennsylvania Senate	Attacking	$915K	✗ No
Raphael Warnock	Georgia Senate	Attacking	$871K	✗ No
Cheri Beasley	North Carolina Senate	Attacking	$735K	✓ Yes
Tim Ryan	Ohio Senate	Attacking	$624K	✓ Yes
Mandela Barnes	Wisconsin Senate	Attacking	$503K	✓ Yes
Catherine Cortez Masto	Nevada Senate	Attacking	$494K	✗ No
Susie Lee	Nevada 3rd District	Attacking	$317K	✗ No
Dina Titus	Nevada 1st District	Attacking	$253K	✗ No
Susan Wild	Pennsylvania 7th District	Attacking	$245K	✗ No
Sean Patrick Maloney	New York 17th District	Attacking	$220K	✓ Yes
Frank J. Mrvan	Indiana 1st District	Attacking	$207K	✗ No
Katie Porter	California 47th District	Attacking	$199K	✗ No

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

Questions people ask

How much did Charles Schwab spend on the 2022 elections, and did it win?: Charles Schwab gave $14M to super PACs and other outside groups in the 2022 federal elections, and 97% of it helped Republicans (FEC filings through Dec 31, 2022). Counting dollars, not candidates, and only races already called, 42% ended up on the winning side ($5.0M won, $6.9M lost).
Which super PACs did Charles Schwab fund in 2022?: Congressional Leadership Fund ($7.5M), Senate Leadership Fund ($5.5M), American Patriots PAC ($650K), Wfw Action Fund Inc ($350K), Alabama Conservatives Fund ($200K).
Which candidates did Charles Schwab's money end up backing or attacking in 2022?: against John K. Fetterman (Pennsylvania Senate, about $915K, lost); against Raphael Warnock (Georgia Senate, about $871K, lost); against Cheri Beasley (North Carolina Senate, about $735K, won). Amounts are the donor's share of each group's spending.