Donor
Amalgamated Bank
Company / nonprofitDC
4 gifts to 2 groups, as reported to the FEC by the groups that received them.
Amalgamated Bank gave $25M to super PACs and other outside groups in the 2022 federal elections, and 100% of it helped Democrats (FEC filings through Dec 31, 2022). Counting dollars, not candidates, and only races already called, 76% ended up on the winning side ($11M won, $3.5M lost).
Gave to outside spenders
$25M
100% of it helped Democrats
Ended up on the winning side
76%
$11M of the dollars in races already called
Spent on the losing side
$3.5M
Not spent yet
$10M
Sitting with groups that have not spent
Where the cheques went
A company, LLC or nonprofit. Where its money came from is not reported. 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 | How the group spent it | Won / lost |
|---|---|---|---|
| Senate Majority PAC $10M not spent yet | $25M | $11M / $3.5M | |
| Moveon.Org Political Action $234 not spent yet | $276 | $8 / $32 |
The trail
What the money bought
The candidates Amalgamated Bank's money was spent for or against, pro-rated by Amalgamated Bank's share of each group's funding.
| Candidate | Race | Spending | Their share | Paid off? |
|---|---|---|---|---|
| Mehmet Oz | Pennsylvania Senate | Attacking | $3.9M | ✓ Yes |
| Blake Masters | Arizona Senate | Attacking | $2.3M | ✓ Yes |
| Ron Johnson | Wisconsin Senate (primary) | Attacking | $2.3M | ✗ No |
| Adam Paul Laxalt | Nevada Senate | Attacking | $2.2M | ✓ Yes |
| Ted Budd | North Carolina Senate | Attacking | $1.0M | ✗ No |
| Catherine Cortez Masto | Nevada Senate | Supporting | $964K | ✓ Yes |
| Donald C. Bolduc | New Hampshire Senate | Attacking | $783K | ✓ Yes |
| John K. Fetterman | Pennsylvania Senate | Supporting | $427K | ✓ Yes |
| Mark Kelly | Arizona Senate (primary) | Supporting | $345K | ✓ Yes |
| Chuck Morse | New Hampshire Senate (primary) | Attacking | $290K | ✓ Yes |
| Cheri Beasley | North Carolina Senate | Supporting | $216K | ✗ No |
| Maggie Hassan | New Hampshire Senate | Supporting | $112K | ✓ Yes |
Company / nonprofit as classified from the FEC entity type and public reporting.
Questions people ask
- How much did Amalgamated Bank spend on the 2022 elections, and did it win?
- Amalgamated Bank gave $25M to super PACs and other outside groups in the 2022 federal elections, and 100% of it helped Democrats (FEC filings through Dec 31, 2022). Counting dollars, not candidates, and only races already called, 76% ended up on the winning side ($11M won, $3.5M lost).
- Which super PACs did Amalgamated Bank fund in 2022?
- Senate Majority PAC ($25M), Moveon.Org Political Action ($276).
- Which candidates did Amalgamated Bank's money end up backing or attacking in 2022?
- against Mehmet Oz (Pennsylvania Senate, about $3.9M, won); against Blake Masters (Arizona Senate, about $2.3M, won); against Ron Johnson (Wisconsin Senate, about $2.3M, lost). Amounts are the donor's share of each group's spending.