Most Super PACS tend to extract their funding from the pockets of white guys with an agenda. However, upon hearing the name “Black Americans For A Better Future,” one would assume that, perhaps, just maybe, a Black guy with an agenda would be behind this PAC’s inception.
But, according to recent FEC filings, the PAC—worth almost a half million dollars—has been funded by a group of white men, with 96 percent of that funding coming from hedge fund manager Robert Mercer, a staunch supporter of Republican presidential candidate Ted Cruz.
Recent reports say Black Americans for a Better Future is in existence to support Raynard Jackson, an African-American Republican political consultant in Washington D.C. The funding goes towards Jackson’s efforts to increase the presence of African-Americans in the Republican Party.
“The goal of this PAC will be to counter those liberal organizations that receive an inordinate amount of media attention such as the People for the American Way and the Congressional Black Caucus,” reads a BABF press release.
According to Intercept, six other men make up the remaining 4 percent of the BABF’s funding:
- $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 Marc Stanley Goldman. While BABF’s FEC documentation states that Goldman, who is white, 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 Vincent Kolber, white CEO of Residual Based Finance Corporation and a big Republican donor.
- $500 from Peter Bowe, white president of Ellicott Dredge Enterprises and another frequent donor to Republican candidates.
- $500 from Anthony Parker, the 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, reads The Intercept.