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 $887K, lost); against Raphael Warnock (Georgia Senate, about $843K, lost); against Cheri Beasley (North Carolina Senate, about $711K, 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 reported gifts; 6 recipient groups listed, as reported to the FEC by the groups that received them.

Mixed results

Charles Schwab gave $14M to super PACs and other outside groups in the 2022 federal elections, and 99% of it helped Republicans (FEC filings with varying coverage dates; the most common larger-campaign cutoff is Dec 31, 2022). Among dollars with a matched election-stage result, 41% were on the winning side ($4.7M won, $6.8M lost). $362K had no matched result and is excluded.

Gave to outside spenders

$14M

99% of it helped Republicans

Winning share of scored dollars

41%

$12M scored (81% of gifts)

Spent on the losing side

$6.8M

Not allocated or result unknown

$2.8M

$2.4M not allocated to tracked outside spending; $362K 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
Congressional Leadership Fund $979K not allocated to tracked outside spending	$7.5M	$2.4M / $3.9M
Senate Leadership Fund $918K not allocated to tracked outside spending	$5.5M	$1.9M / $2.7M
American Patriots PAC $318K not allocated to tracked outside spending	$650K	$220K / $33K
Wfw Action Fund Inc $84K not allocated to tracked outside spending	$350K	$11K / $112K
Alabama Conservatives Fund $42K not allocated to tracked outside spending	$200K	$158K / $0
NRSC $64K not allocated to tracked outside spending	$73K	$3K / $7K

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	$887K	✗ No
Raphael Warnock	Georgia Senate	Attacking	$843K	✗ No
Cheri Beasley	North Carolina Senate	Attacking	$711K	✓ Yes
Tim Ryan	Ohio Senate	Attacking	$606K	✓ Yes
Mandela Barnes	Wisconsin Senate	Attacking	$487K	✓ Yes
Catherine Cortez Masto	Nevada Senate	Attacking	$478K	✗ No
Susie Lee	Nevada 3rd District	Attacking	$311K	✗ No
Dina Titus	Nevada 1st District	Attacking	$248K	✗ No
Susan Wild	Pennsylvania 7th District	Attacking	$240K	✗ No
Sean Patrick Maloney	New York 17th District	Attacking	$216K	✓ Yes
Frank J. Mrvan	Indiana 1st District	Attacking	$202K	✗ No
Katie Porter	California 47th District	Attacking	$195K	✗ 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 99% of it helped Republicans (FEC filings with varying coverage dates; the most common larger-campaign cutoff is Dec 31, 2022). Among dollars with a matched election-stage result, 41% were on the winning side ($4.7M won, $6.8M lost). $362K had no matched result and is excluded.
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 $887K, lost); against Raphael Warnock (Georgia Senate, about $843K, lost); against Cheri Beasley (North Carolina Senate, about $711K, won). Amounts are the donor's share of each group's spending.