Even with her 2024 presidential campaign on its last legs, Nikki Haley drew millions from loyal Republican donors.
Ms. Haley’s financial network was composed of five main bodies: her principal campaign committee, Nikki Haley for President Inc.; a hybrid political action committee, SFA Fund Inc.; a nonqualified joint fundraising committee, Team Stand for America; a qualified unauthorized PAC Stand for America PAC; and a tax-exempt, nonprofit 501(c)(4) social welfare organization, Stand For America Inc.
Both Nikki Haley for President and SFA Fund issued disclosures to the Federal Election Commission (FEC) reflecting their financial activities in February. The remaining groups report on a quarterly basis and will release their final results in April.
According to the FEC filings, Nikki Haley for President and SFA Fund ended February with about $13 million on hand. The two committees collectively raised about $16.1 million in total receipts while making $18 million in total disbursements.
Most of the money, about $11.5 million, was held by Nikki Haley for President. That is more than the about $11.3 million the Republican National Committee had on hand at the end of February.
![Carolina Panthers owner David Tepper watches during warm-ups before an NFL game against the New England Patriots in Charlotte, N.C., on Nov. 7, 2021. (Jacob Kupferman/AP Photo)](/_next/image?url=https%3A%2F%2Fimg.theepochtimes.com%2Fassets%2Fuploads%2F2022%2F08%2F12%2FPanthers_Practice_Facility_Football_22223597104619-600x400.jpg&w=1200&q=75)
Million-Dollar Donors
In spite of a run of bad results for the candidate, two key donors—David Tepper and his wife Nicole Tepper—both sent the SFA Fund more than $1 million in February.According to FEC records, both David Tepper and Nicole Tepper sent the PAC $1.1 million on Feb. 6. That followed up gifts in January and brought their collective 2024 contribution to the SFA Fund up to $2.7 million.
The Epoch Times previously reported that the Teppers gave $1.5 million to the SFA Fund in 2023.
James Davis, the owner and chairman of shoe and sporting goods company New Balance, sent the SFA Fund a total of $1 million in February, according to FEC records.
Mr. Davis, who supported President Trump in 2016, sent the PAC $500,000 in January. The Epoch Times previously reported Mr. Davis sent $1.5 million to the SFA Fund in 2023 as well.
Additionally, the SFA Fund took in significant transfers from Stand for America Inc. and Team Stand for America. The two groups associated with Ms. Haley’s campaign sent the hybrid PAC about $1.4 million in February.
Representatives of the Teppers and Mr. Davis did not immediately respond to a request for comment from The Epoch Times.
![Former President Donald Trump arrives at 40 Wall Street after his court hearing to determine the date of his trial for allegedly covering up hush money payments linked to extramarital affairs, in New York City on March 25, 2024. (Charly Triballeau/AFP via Getty Images)](/_next/image?url=https%3A%2F%2Fimg.theepochtimes.com%2Fassets%2Fuploads%2F2024%2F03%2F26%2Fid5614990-Trump-GettyImages-2105327678-600x400.jpg&w=1200&q=75)
Biden, Trump Will Spar for Haley Voters, Donors
It remains to be seen whether wealthy and so-called small-dollar donors who sent money to Ms. Haley’s various funds will continue to throw their monetary resources behind one of the remaining candidates.President Joe Biden is also moving to court the Haley crowd. However, he may have more success than his Republican rival.