Caucus Cash: How Black and Hispanic Leaders Raise Millions From Big Business
13th June 2024
But two of them – the Congressional Black Caucus and the Congressional Hispanic Caucus – stand out for the unparalleled fundraising they do through independent but closely aligned nonprofit arms. Filled with current members of Congress and representatives from some of America’s largest corporations, the Congressional Black Caucus Foundation and the Congressional Hispanic Caucus Institute operate outside of normal campaign finance laws to raise millions of dollars each year.
Needless to say, these are composed entirely of Democrats. Black Republicans have tried to join the Congressional Black Caucus in the past and been rejected.