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 Joseph R Jr Biden (President, about $1.8M, unknown); for Nikki Haley (President, about $1.7M, unknown); against Sherrod Brown (Ohio Senate, about $1.2M, won). Amounts are the donor's share of each group's spending.

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Donor

Warren Stephens

Individual

President, Stephens Inc. · Arkansas

36 reported gifts; 17 recipient groups listed, as reported to the FEC by the groups that received them.

Mixed results

Warren Stephens gave $20M to super PACs and other outside groups in the 2024 federal elections, and 100% 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, 54% were on the winning side ($5.3M won, $4.5M lost). $5.7M had no matched result and is excluded.

Gave to outside spenders

$20M

100% of it helped Republicans

Winning share of scored dollars

54%

$9.8M scored (49% of gifts)

Spent on the losing side

$4.5M

Not allocated or result unknown

$10M

$4.6M not allocated to tracked outside spending; $5.7M 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
Senate Leadership Fund $1.7M not allocated to tracked outside spending	$5.5M	$2.7M / $1.1M
MAGA Inc. $567K not allocated to tracked outside spending	$3.0M	$373K / $0
SFA Fund $222K not allocated to tracked outside spending	$2.8M	$0 / $146K
Congressional Leadership Fund $309K not allocated to tracked outside spending	$2.8M	$1.4M / $1.1M
America Strong and Free Action Inc. $601K not allocated to tracked outside spending	$1.0M	$0 / $0
Conservatives for American Excellence Inc. $331K not allocated to tracked outside spending	$1.0M	$163K / $278K
Maryland's Future $118K not allocated to tracked outside spending	$1.0M	$0 / $882K
Wfw Action Fund Inc $184K not allocated to tracked outside spending	$750K	$92K / $168K
American Patriots PAC $128K not allocated to tracked outside spending	$500K	$162K / $75K
Fix Washington PAC $21K not allocated to tracked outside spending	$500K	$25K / $454K
Glcf, Inc. $31K not allocated to tracked outside spending	$500K	$107K / $363K
The Sentinel Action Fund $241K not allocated to tracked outside spending	$350K	$106K / $3K
More Jobs, Less Government $7K not allocated to tracked outside spending	$100K	$86K / $7K
Committed to America PAC $43K not allocated to tracked outside spending	$100K	$0 / $0
Heartland Resurgence $22K not allocated to tracked outside spending	$100K	$77K / $0
NRSC $73K not allocated to tracked outside spending	$78K	$30 / $5K
Tell It Like It Is PAC $22K not allocated to tracked outside spending	$50K	$0 / $11K

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?
Joseph R Jr Biden	President	Attacking	$1.8M	Unknown
Nikki Haley	President (primary)	Supporting	$1.7M	Unknown
Sherrod Brown	Ohio Senate	Attacking	$1.2M	✓ Yes
Robert P. Casey Jr.	Pennsylvania Senate	Attacking	$961K	✓ Yes
Angela Alsobrooks	Maryland Senate	Attacking	$870K	✗ No
Ron Desantis	President (primary)	Attacking	$788K	Unknown
Tammy Baldwin	Wisconsin Senate	Attacking	$694K	✗ No
Elissa Slotkin	Michigan Senate	Attacking	$690K	✗ No
Jon Tester	Montana Senate	Attacking	$479K	✓ Yes
W. Asa Hutchinson	President (primary)	Supporting	$399K	Unknown
Donald Trump	President	Supporting	$341K	✓ Yes
Mike Rogers	Michigan Senate	Supporting	$263K	✗ 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 100% 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, 54% were on the winning side ($5.3M won, $4.5M lost). $5.7M had no matched result and is excluded.
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 Joseph R Jr Biden (President, about $1.8M, unknown); for Nikki Haley (President, about $1.7M, unknown); against Sherrod Brown (Ohio Senate, about $1.2M, won). Amounts are the donor's share of each group's spending.