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Democrats Launch $182M Fund Ahead of 2024 Election

2/11/2026

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Story summary
  • Before the 2024 election, Democratic operatives established Bright Future Fund, a Washington, D.C.-based nonprofit, to support left-leaning groups.
  • The nonprofit spent $182 million, including funds for a super PAC backing Kamala Harris.
  • It filed its 2024 tax return with the IRS in November and soon ceased operations.
  • Fidelity Investments Charitable Gift Fund provided about $37.5 million and allows anonymous donations with tax benefits, claiming funds go to charitable purposes.