“Black Americans for a Better Future” Super PAC 100% Funded by Rich White Guys
Jon Schwarz
Jan. 28 2016, 1:53 p.m.
New FEC filings show that all of the $417,250 in monetary donations to a Super PAC called “Black Americans for a Better Future” comes from conservative white businessmen — including $400,000, or 96 percent of the total, from white billionaire hedge fund manager Robert Mercer.
Graphic: The Intercept
Mercer: Andrew Toth/Getty; Keller: stevekinyon.com; Goldman: myemail.constantcontract.com; Kolber: residco.com; Bowe: Mandel Ngan/AFP/Getty; Parker: Damian Dovarganes/AP; Johnson: thelincolnclub.com
Mercer, co-CEO of Renaissance Technologies on Long Island, is best-known politically for donating $11,000,000 to Keep the Promise I, a Super PAC backing Ted Cruz’s presidential run.
Beyond Mercer’s support of Black Americans for a Better Future and Ted Cruz, Mercer has a long and peculiar history of donations to political and philanthropic causes.
The Mercer Family Foundation has given over $1.4 million to the Oregon Institute of Science and Medicine, which is stockpiling huge amounts of human urine to “revolutionize the evaluation of personal chemistry.” In 2010 Mercer spent $600,000 in an effort to elect OISM’s co-founder Arthur Robinson to Congress. (OISM is eager to collect as much urine as possible, so if you would like to donate a sample of your own, the details are available here.)
BABF appears to exist solely as a vehicle for Washington, D.C., consultant Raynard Jackson, who is African-American. Jackson is quoted on his firm’s website stating that “You have a fundamental right to pursue business interests with the least amount of interference from the government.” Jackson has elsewhere accused Barack Obama of “relentless pandering to homosexuals.”
At an event in November 2015 at the National Press Club, which cost BABF $13,252.79 for the venue and catering, Jackson said that “Having well-trained, credible, experienced African-Americans constantly challenging the liberal orthodoxy in the media will create a tectonic shift in the perception of the Republican Party within the Black community.”
As of its current FEC filings, BABF has spent a total of $172,424.69, including $38,983.45 in net salary payment, to Jackson for the last five months of 2015. Together with $26,952.55 disbursed for payroll taxes, this indicates Jackson is receiving an annual salary of $155,000. The Super PAC’s remaining spending has been mostly for travel, hotels, and food, including about $5,000 at New York’s famous Morton’s Steakhouse on Fifth Avenue.
The other donations to BABF consist of:
Raynard Jackson did not respond to inquiries via Twitter and the voicemail for the number listed on his consulting firm’s website is full.
(Thanks to Derek Willis of ProPublica and Dave Levinthal of Public Integrity, who pointed out Mercer’s donations to BABF on Twitter.)
Top photo: (L to R) Tony Parker: Damian Dovarganes/AP; Bob Mercer: Andrew Toth/Getty Images; Pete Bowe: youtube.com
CONTACT THE AUTHOR:
Jon Schwarz✉jon.schwarz@theintercept.comt@tinyrevolution
Jon Schwarz
Jan. 28 2016, 1:53 p.m.
New FEC filings show that all of the $417,250 in monetary donations to a Super PAC called “Black Americans for a Better Future” comes from conservative white businessmen — including $400,000, or 96 percent of the total, from white billionaire hedge fund manager Robert Mercer.
Graphic: The Intercept
Mercer: Andrew Toth/Getty; Keller: stevekinyon.com; Goldman: myemail.constantcontract.com; Kolber: residco.com; Bowe: Mandel Ngan/AFP/Getty; Parker: Damian Dovarganes/AP; Johnson: thelincolnclub.com
Mercer, co-CEO of Renaissance Technologies on Long Island, is best-known politically for donating $11,000,000 to Keep the Promise I, a Super PAC backing Ted Cruz’s presidential run.
Beyond Mercer’s support of Black Americans for a Better Future and Ted Cruz, Mercer has a long and peculiar history of donations to political and philanthropic causes.
The Mercer Family Foundation has given over $1.4 million to the Oregon Institute of Science and Medicine, which is stockpiling huge amounts of human urine to “revolutionize the evaluation of personal chemistry.” In 2010 Mercer spent $600,000 in an effort to elect OISM’s co-founder Arthur Robinson to Congress. (OISM is eager to collect as much urine as possible, so if you would like to donate a sample of your own, the details are available here.)
BABF appears to exist solely as a vehicle for Washington, D.C., consultant Raynard Jackson, who is African-American. Jackson is quoted on his firm’s website stating that “You have a fundamental right to pursue business interests with the least amount of interference from the government.” Jackson has elsewhere accused Barack Obama of “relentless pandering to homosexuals.”
At an event in November 2015 at the National Press Club, which cost BABF $13,252.79 for the venue and catering, Jackson said that “Having well-trained, credible, experienced African-Americans constantly challenging the liberal orthodoxy in the media will create a tectonic shift in the perception of the Republican Party within the Black community.”
As of its current FEC filings, BABF has spent a total of $172,424.69, including $38,983.45 in net salary payment, to Jackson for the last five months of 2015. Together with $26,952.55 disbursed for payroll taxes, this indicates Jackson is receiving an annual salary of $155,000. The Super PAC’s remaining spending has been mostly for travel, hotels, and food, including about $5,000 at New York’s famous Morton’s Steakhouse on Fifth Avenue.
The other donations to BABF consist of:
- $10,000 from Keller Investment Properties of Utah, whose CEO is the white Scott Keller, a member of Mitt Romney’s donor network.
- $5,000 from the very white Marc Stanley Goldman. While BABF’s FEC documentation states that Goldman is a “physician,” this is likely a filing error, since other donor records suggest this is the Marc Stanley Goldman who is a retired businessman and heavy GOP donor who gave $25,000 to a Super PAC backing Scott Walker’s presidential campaign. (Goldman did not respond to a request for clarification.)
- $1,000 from the highly white Vincent Kolber, CEO of Residual Based Finance Corporation and a big Republican donor.
- $500 from the super white Peter Bowe, president of Ellicott Dredge Enterprises and another frequent donor to Republican candidates.
- $500 from Anthony Parker, the extraordinarily white three-term treasurer of the Republican National Committee.
- $250 from Russell Johnson, the retired venture capitalist and executive director of the Lincoln Club of Northern California, who is white.
Raynard Jackson did not respond to inquiries via Twitter and the voicemail for the number listed on his consulting firm’s website is full.
(Thanks to Derek Willis of ProPublica and Dave Levinthal of Public Integrity, who pointed out Mercer’s donations to BABF on Twitter.)
Top photo: (L to R) Tony Parker: Damian Dovarganes/AP; Bob Mercer: Andrew Toth/Getty Images; Pete Bowe: youtube.com
CONTACT THE AUTHOR:
Jon Schwarz✉jon.schwarz@theintercept.comt@tinyrevolution
