Which super PACs did William Ackman fund in 2024?

We Deserve Better, Inc. ($1.0M), SFA Fund ($250K), Tell It Like It Is PAC ($250K), Win It Back PAC ($100K).

Which candidates did William Ackman's money end up backing or attacking in 2024?

for Dean Phillips (President, about $608K, unknown); for Nikki Haley (President, about $148K, unknown); for Christopher Christie (President, about $87K, unknown). Amounts are the donor's share of each group's spending.

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Donor

William Ackman

Individual

Investment Manager, Pershing Square Capital Management, L. · New York

6 reported gifts; 4 recipient groups listed, as reported to the FEC by the groups that received them.

Limited result coverage

William Ackman gave $1.6M to super PACs and other outside groups in the 2024 federal elections, and 98% of it helped Republicans (FEC filings with varying coverage dates; the most common larger-campaign cutoff is Dec 31, 2024). Among dollars with a matched election-stage result, 16% were on the winning side ($24K won, $124K lost). $917K had no matched result and is excluded.

Gave to outside spenders

$1.6M

98% of it helped Republicans

Winning share of scored dollars

16%

$148K scored (9% of gifts)

Spent on the losing side

$124K

Not allocated or result unknown

$1.5M

$535K not allocated to tracked outside spending; $917K has no matched result. Neither is cash on hand.

Where the checks went

A person writing checks 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 check 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
We Deserve Better, Inc. $392K not allocated to tracked outside spending	$1.0M	$0 / $0
SFA Fund $20K not allocated to tracked outside spending	$250K	$0 / $13K
Tell It Like It Is PAC $111K not allocated to tracked outside spending	$250K	$0 / $53K
Win It Back PAC $13K not allocated to tracked outside spending	$100K	$24K / $58K

The trail

What the money bought

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

Candidate	Race	Spending	Their share	Paid off?
Dean Phillips	President (primary)	Supporting	$608K	Unknown
Nikki Haley	President (primary)	Supporting	$148K	Unknown
Christopher Christie	President (primary)	Supporting	$87K	Unknown
Ron Desantis	President (primary)	Attacking	$69K	Unknown
Donald Trump	President (primary)	Attacking	$69K	✗ No
Ruben Gallego	Arizona Senate	Attacking	$24K	✗ No
Jacky S. Rosen	Nevada Senate	Attacking	$20K	✗ No
Colin Allred	Texas Senate	Attacking	$15K	✓ Yes
Donald Trump	President	Attacking	$7K	✗ No
Janelle Stelson	Pennsylvania 10th District	Attacking	$4K	✓ Yes
Dave Min	California 47th District	Attacking	$2K	✗ No
Catherine Templeton	South Carolina 1st District (primary)	Attacking	$2K	Unknown

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

Questions people ask

How much did William Ackman spend on the 2024 elections, and did it win?: William Ackman gave $1.6M to super PACs and other outside groups in the 2024 federal elections, and 98% of it helped Republicans (FEC filings with varying coverage dates; the most common larger-campaign cutoff is Dec 31, 2024). Among dollars with a matched election-stage result, 16% were on the winning side ($24K won, $124K lost). $917K had no matched result and is excluded.
Which super PACs did William Ackman fund in 2024?: We Deserve Better, Inc. ($1.0M), SFA Fund ($250K), Tell It Like It Is PAC ($250K), Win It Back PAC ($100K).
Which candidates did William Ackman's money end up backing or attacking in 2024?: for Dean Phillips (President, about $608K, unknown); for Nikki Haley (President, about $148K, unknown); for Christopher Christie (President, about $87K, unknown). Amounts are the donor's share of each group's spending.