Top U.S. Corporations Funneled $185 Million to Political Nonprofits
January 16, 2014
By Timothy Meko
The U.S. Supreme Court’s Citizens United v. Federal Election Commission ruling in 2010 did not, as some warned, unleash a flood of corporate money directly into elections.But since then, scores of blue-chip U.S. companies quietly bankrolled politically active nonprofits to the tune of at least $185 million in roughly a single year, according to a new Center for Public Integrity investigation.
Ranking among the biggest donors are energy giant Exelon Corp., health insurer WellPoint Inc. and technology titan Microsoft Corp.
The millions of dollars in corporate expenditures highlighted by the Center for Public Integrity’s research flowed to more than 1,000 politically active nonprofits, from major trade associations such as the U.S. Chamber of Commerce to pro-business alliances such as the Fix the Debt Coalition.