The pro-Nikki Haley political group, The Movement Fund, raised $287,500 during the first three months of the year but spent $400,000, mostly on a television ad promoting the governor’s education plan, according to an Internal Revenue Service filing.
The fund had about $61,000 on hand as of March 31.
The group, known as a 527 organization under the federal tax code, is key in helping Haley win re-election in November. The fund can accept unlimited donations. State law caps individual contributions at $3,500 per election cycle.
Florida pharmaceutical entrepreneur Raj Mantena gave another $200,000 to The Movement Fund in February, bringing his total contributions to $500,000 over the past 11/2 years, according to documents filed with the IRS.
To start the year, the group also received:
$20,000 from Rosen Associates, the Miami developer of the Clemson University International Center for Automotive Research in Greenville
The Movement Fund started airing ads last month supporting Haley’s $175 million education plan. The fund aired spots a year ago criticizing Democratic gubernatorial challenger Vincent Sheheen’s support for expanding Medicaid in the state under the Affordable Care Act. Haley has rejected the expansion.
The group spent $300,000 with a California media-placement firm, Target Enterprises, during the past quarter, according to its IRS filing.
Most of the other expenditures went to consultants in the Washington, D.C.-area including political consultant Jon Lerner’s Red Sea; Columbia Haley adviser Tim Pearson’s Salt Box Strategies; fundraiser Marisa Crawford’s MJC Consulting; and the Bowers Law Office, run by Butch Bowers.