Donor
Warren Stephens
IndividualPresident, Stephens Inc. · Arkansas
36 gifts to 15 groups, as reported to the FEC by the groups that received them.
Warren Stephens gave $20M to super PACs and other outside groups in the 2024 federal elections, and 89% of it helped Republicans (FEC filings through Dec 31, 2024). Counting dollars, not candidates, and only races already called, 66% ended up on the winning side ($9.2M won, $4.8M lost).
Gave to outside spenders
$20M
89% of it helped Republicans
Ended up on the winning side
66%
$9.2M of the dollars in races already called
Spent on the losing side
$4.8M
Not spent yet
$6.1M
Sitting with groups that have not spent
Where the cheques went
| Group | Gave | How the group spent it | Won / lost |
|---|---|---|---|
| Senate Leadership Fund $1.1M not spent yet | $5.5M | $3.1M / $1.3M | |
| MAGA Inc. $181K not spent yet | $3.0M | $2.6M / $0 | |
| SFA Fund | $2.8M | $845K / $158K | |
| Congressional Leadership Fund $244K not spent yet | $2.8M | $1.4M / $1.1M | |
| America Strong and Free Action Inc. $545K not spent yet | $1.0M | $0 / $0 | |
| Conservatives for American Excellence Inc. $327K not spent yet | $1.0M | $354K / $280K | |
| Maryland's Future $84K not spent yet | $1.0M | $0 / $916K | |
| Wfw Action Fund Inc $154K not spent yet | $750K | $97K / $177K | |
| American Patriots PAC $109K not spent yet | $500K | $311K / $79K | |
| Fix Washington PAC $20K not spent yet | $500K | $25K / $455K | |
| Glcf, Inc. $20K not spent yet | $500K | $109K / $371K | |
| The Sentinel Action Fund $240K not spent yet | $350K | $108K / $3K | |
| More Jobs, Less Government | $100K | $92K / $8K | |
| Committed to America PAC $42K not spent yet | $100K | $0 / $0 | |
| Heartland Resurgence $19K not spent yet | $100K | $80K / $0 |
The trail
What the money bought
| Candidate | Race | Spending | Their share | Paid off? |
|---|---|---|---|---|
| Kamala Harris | President | Attacking | $1.9M | ✓ Yes |
| Nikki Haley | President (primary) | Supporting | $1.8M | Unknown |
| Sherrod Brown | Ohio Senate | Attacking | $1.3M | ✓ Yes |
| Robert P. Casey Jr. | Pennsylvania Senate | Attacking | $1.1M | ✓ Yes |
| Tammy Baldwin | Wisconsin Senate | Attacking | $920K | ✗ No |
| Angela Alsobrooks | Maryland Senate | Attacking | $904K | ✗ No |
| Ron Desantis | President (primary) | Attacking | $858K | ✓ Yes |
| Elissa Slotkin | Michigan Senate | Attacking | $783K | ✗ No |
| Jon Tester | Montana Senate | Attacking | $551K | ✓ Yes |
| Donald Trump | President | Supporting | $464K | ✓ Yes |
| W. Asa Hutchinson | President (primary) | Supporting | $455K | Unknown |
| Mike Rogers | Michigan Senate | Supporting | $378K | ✗ No |
Individual as classified from the FEC entity type and public reporting.
Questions people ask
- How much did Warren Stephens spend on the 2024 elections, and did it win?
- Warren Stephens gave $20M to super PACs and other outside groups in the 2024 federal elections, and 89% of it helped Republicans (FEC filings through Dec 31, 2024). Counting dollars, not candidates, and only races already called, 66% ended up on the winning side ($9.2M won, $4.8M lost).
- Which super PACs did Warren Stephens fund in 2024?
- Senate Leadership Fund ($5.5M), MAGA Inc. ($3.0M), SFA Fund ($2.8M), Congressional Leadership Fund ($2.8M), America Strong and Free Action Inc. ($1.0M).
- Which candidates did Warren Stephens's money end up backing or attacking in 2024?
- against Kamala Harris (President, about $1.9M, won); for Nikki Haley (President, about $1.8M, unknown); against Sherrod Brown (Ohio Senate, about $1.3M, won). Amounts are the donor's share of each group's spending.