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#NeverTrump @ProjectLincoln raised $16.8M in Q2, drawing several six and seven figure checks from a handful of Democratic megadonors, spent $4.6M on independent expenditures, $2.28M on operating expenditures, and ended the quarter with $10.8M on hand.
Improving from Q1 when Lincoln Project faced accusations of being a ScamPAC on account of 90% of their expenditures being paid out to Lincoln Project members and their firms, only ~86% of its operating expenditures/IEs went through Lincoln Project members and their firms in Q2.
That's not to say they pocketed it all...the FCC's political file database indicates at least $3M in ad buys were made and $1.36M in Facebook ads were purchased as of June 30th.
With its claims to be a Republican group already on shaky ground for its use of the Democrats' NGP VAN software and a Dem fundraiser, staff additions from the Hillary for America, Bloomberg 2020, Katie Hill for Congress, and Michael Bennet 2020 campaigns probably won't help.
