Which super PACs did Warren Stephens fund in 2022?

Senate Leadership Fund ($5.0M), Congressional Leadership Fund ($2.5M), Wfw Action Fund Inc ($1.8M), Evergreen Principles PAC ($500K), American Policy Fund ($250K).

Which candidates did Warren Stephens's money end up backing or attacking in 2022?

against John K. Fetterman (Pennsylvania Senate, about $832K, lost); against Raphael Warnock (Georgia Senate, about $792K, lost); against Cheri Beasley (North Carolina Senate, about $669K, 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

19 gifts to 9 groups, as reported to the FEC by the groups that received them.

Mixed

Warren Stephens gave $10M to super PACs and other outside groups in the 2022 federal elections, and 89% of it helped Republicans (FEC filings through Dec 31, 2022). Counting dollars, not candidates, and only races already called, 36% ended up on the winning side ($3.0M won, $5.3M lost).

Gave to outside spenders

$10M

89% of it helped Republicans

Ended up on the winning side

36%

$3.0M of the dollars in races already called

Spent on the losing side

$5.3M

Not spent yet

$2.2M

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 $710K not spent yet	$5.0M	$1.8M / $2.5M
Congressional Leadership Fund $282K not spent yet	$2.5M	$840K / $1.3M
Wfw Action Fund Inc $386K not spent yet	$1.8M	$243K / $572K
Evergreen Principles PAC $61K not spent yet	$500K	$0 / $439K
American Policy Fund $10K not spent yet	$250K	$29K / $212K
Honor Pennsylvania $17K not spent yet	$250K	$8K / $177K
Alabama's Future $44K not spent yet	$100K	$56K / $0
NRSC $48K not spent yet	$73K	$7K / $18K
NRCC	$73K	$25K / $48K

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?
John K. Fetterman	Pennsylvania Senate	Attacking	$832K	✗ No
Raphael Warnock	Georgia Senate	Attacking	$792K	✗ No
Cheri Beasley	North Carolina Senate	Attacking	$669K	✓ Yes
Tim Ryan	Ohio Senate	Attacking	$567K	✓ Yes
Mandela Barnes	Wisconsin Senate	Attacking	$457K	✓ Yes
Catherine Cortez Masto	Nevada Senate	Attacking	$449K	✗ No
Jane Timken	Ohio Senate (primary)	Supporting	$357K	Unknown
Patty Murray	Washington Senate	Attacking	$333K	✗ No
Joe Kent	Washington 3rd District (primary)	Attacking	$304K	✗ No
Mehmet Oz	Pennsylvania Senate (primary)	Attacking	$177K	✗ No
Frank J. Mrvan	Indiana 1st District	Attacking	$170K	✗ No
Donald C. Bolduc	New Hampshire Senate	Supporting	$162K	✗ No

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

Questions people ask

How much did Warren Stephens spend on the 2022 elections, and did it win?: Warren Stephens gave $10M to super PACs and other outside groups in the 2022 federal elections, and 89% of it helped Republicans (FEC filings through Dec 31, 2022). Counting dollars, not candidates, and only races already called, 36% ended up on the winning side ($3.0M won, $5.3M lost).
Which super PACs did Warren Stephens fund in 2022?: Senate Leadership Fund ($5.0M), Congressional Leadership Fund ($2.5M), Wfw Action Fund Inc ($1.8M), Evergreen Principles PAC ($500K), American Policy Fund ($250K).
Which candidates did Warren Stephens's money end up backing or attacking in 2022?: against John K. Fetterman (Pennsylvania Senate, about $832K, lost); against Raphael Warnock (Georgia Senate, about $792K, lost); against Cheri Beasley (North Carolina Senate, about $669K, won). Amounts are the donor's share of each group's spending.