Which super PACs did Warren Stephens fund in 2020?

Senate Leadership Fund ($6.0M), Preserve America PAC ($2.0M), America First Action ($1.5M), Congressional Leadership Fund ($1.3M), Wfw Action Fund Inc ($1.0M).

Which candidates did Warren Stephens's money end up backing or attacking in 2020?

against Joe Biden (President, about $3.4M, lost); against Jon Ossoff (Georgia Senate, about $1.2M, lost); against Cal Cunningham (North Carolina Senate, about $693K, won). Amounts are the donor's share of each group's spending.

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Donor

Warren Stephens

Individual

Chairman President & CEO, Stephens Inc. · Arkansas

24 gifts to 11 groups, as reported to the FEC by the groups that received them.

Mixed

Warren Stephens gave $13M 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, 43% ended up on the winning side ($4.5M won, $5.8M lost).

Gave to outside spenders

$13M

97% of it helped Republicans

Ended up on the winning side

43%

$4.5M of the dollars in races already called

Spent on the losing side

$5.8M

Not spent yet

$2.5M

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 $1.7M not spent yet	$6.0M	$2.4M / $1.9M
Preserve America PAC $44K not spent yet	$2.0M	$0 / $2.0M
America First Action $100K not spent yet	$1.5M	$0 / $1.4M
Congressional Leadership Fund $136K not spent yet	$1.3M	$871K / $161K
Wfw Action Fund Inc $247K not spent yet	$1.0M	$435K / $253K
1820 PAC $79K not spent yet	$750K	$601K / $70K
Club for Growth Action $2K not spent yet	$100K	$48K / $43K
NRCC $3K not spent yet	$69K	$58K / $5K
Security Is Strength PAC $3K not spent yet	$50K	$44K / $3K
Better Future Mi Fund $4K not spent yet	$50K	$0 / $46K
NRSC $7K not spent yet	$36K	$17K / $12K

The trail

What the money bought

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

Candidate	Race	Spending	Their share	Paid off?
Joe Biden	President	Attacking	$3.4M	✗ No
Jon Ossoff	Georgia Senate	Attacking	$1.2M	✗ No
Cal Cunningham	North Carolina Senate	Attacking	$693K	✓ Yes
Sara I. Gideon	Maine Senate	Attacking	$684K	✓ Yes
Steve Bullock	Montana Senate	Attacking	$364K	✓ Yes
Joni Ernst	Iowa Senate (primary)	Supporting	$316K	✓ Yes
Gary Peters	Michigan Senate	Attacking	$302K	✗ No
Theresa Greenfield	Iowa Senate	Attacking	$294K	✓ Yes
Jaime Harrison	South Carolina Senate	Attacking	$271K	✓ Yes
Barbara Bollier	Kansas Senate	Attacking	$229K	✓ Yes
Mark Kelly	Arizona Senate	Attacking	$220K	✗ No
Susan Margaret Collins	Maine Senate	Supporting	$177K	✓ Yes

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

Questions people ask

How much did Warren Stephens spend on the 2020 elections, and did it win?: Warren Stephens gave $13M 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, 43% ended up on the winning side ($4.5M won, $5.8M lost).
Which super PACs did Warren Stephens fund in 2020?: Senate Leadership Fund ($6.0M), Preserve America PAC ($2.0M), America First Action ($1.5M), Congressional Leadership Fund ($1.3M), Wfw Action Fund Inc ($1.0M).
Which candidates did Warren Stephens's money end up backing or attacking in 2020?: against Joe Biden (President, about $3.4M, lost); against Jon Ossoff (Georgia Senate, about $1.2M, lost); against Cal Cunningham (North Carolina Senate, about $693K, won). Amounts are the donor's share of each group's spending.