Secret Donations to Super PACs by Month, 2010-2012

Secret Donations to Super PACs by Month, 2010-2012

Most secret spending in this election has not flowed through Super PACs.  While there was considerable initial concern that Super PACs were setting up non-profit arms in order to funnel money to themselves while hiding the identity of their donors, it turns out that non-profits have tended to spend money directly rather than sending it first to a Super PAC.  Nonetheless, a small percentage of Super PAC funds cannot be feasibly traced to its original source.

Our analysis of FEC data shows that 2.8% of the funds raised by Super PACs in the 2012 cycle was “secret money.”