Here’s a few pieces on funding I stumbled upon. The organization keeps their donor list private but a few were mentioned in the article.
Kirk launched Turning Point USA (TPUSA) in 2012 rather than attend college after the 18-year-old received encouragement from Tea Party activist Bill Montgomery. Later that year, Kirk met Republican donor Foster Friess, who helped finance the nascent political organizing group.
Charlie Kirk rapidly grew Turning Point USA with the help of a variety of donors since its founding in 2012, and his assassination has spurred further interest in the group.
www.foxbusiness.com
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The second one is interesting and gets into bigger names that fund movements.
When someone deposits money into a donor-advised fund, they immediately earn a charitable tax deduction; plus, they can transfer appreciable assets such as stock into the account without having to pay the capital gains tax that would normally accompany the sale of one’s earnings. For a fee, financial professionals reinvest the money to make it grow. Whenever clients feel like it—as in, many years later, if ever—they can “advise” the fund manager on how much and to which organizations their donations should go. The fund manager almost always obliges.
But here’s the catch: When someone puts money or assets into a donor-advised fund, it’s no longer their money. They get the charitable tax deduction, since they’re actually donating to the donor-advised fund sponsor, a 501(c)(3) charity that then legally owns the money and has full discretion over where it goes. That also allows the donors to remain anonymous, both to the public and even to the IRS. So if someone wanted to fund, say, a white nationalist hate group but didn’t want the media or the government to catch wind of it, they’d use a donor-advised fund.
Charities affiliated with major investment banks allow anonymous donors to give millions of dollars to anti-LGBTQ and racist groups—and get a tax break for it.
newrepublic.com
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The last piece echoes what I shared earlier. It may not be available to some and I’m pasting the parts that apply to our discourse as a courtesy.
Charlie Kirk was only a teenager when he launched a scrappy conservative student group out of his parents’ suburban Illinois home. A decade later, that group—Turning Point USA—has grown into a political juggernaut, generating nearly a
half-billion in total revenue in the 13 years since its inception, creating a sprawling network of campus chapters, and building a media machine that rivals legacy establishments.
Turning Point USA netted
$85 million in revenue in 2024 alone, up more than 142% over the last five years. The vast majority, 99.2%, of that revenue comes from charitable contributions, including at least $350,000 from Kirk himself in 2024.
How exactly Turning Point spends its money, and who benefits from the organization’s hefty annual revenue, is unclear. Like many political advocacy groups, it’s organized as a 501(c)3 non-profit; the IRS does not require such groups to publicly disclose detailed expenditure accounts. The lack of clarity is compounded by the fact that many of Turning Point’s largest vendors are limited liability companies registered in states that do not mandate public ownership disclosure.
Within Turning Point’s organizational structure, there are also several interconnected nonprofit groups, political action committees, and a for-profit merchandise company, none of which are required to publicly report their finances. One branch, the Turning Point Endowment, held
$64.3 million in 2024, having grown from $7.2 million in 2020.
$10,000 and a dream
Kirk
often described his political awakening as Barack Obama’s presidency. As he told his podcast listeners last year, “In my local high school, progressive, left-wing Marxist ideas were widespread, and I looked around and I was unimpressed by the conservative organizations that were out there.”
His
first taste of political involvement, aside from classroom debates, came in 2010 when he began volunteering for the campaign of Illinois Senator Mark Kirk (no relation) while still in high school.
The trajectory of Kirk’s life, and his future business endeavors,
changed dramatically after he met William “Bill” Montgomery, a retired Tea Party activist and marketing entrepreneur.
Montgomery encouraged Kirk to drop out of college entirely, and within one month of their meeting, they launched Turning Point.
Montgomery provided Kirk with the Republican rolodex and access to investors he would need to build his empire. The first person to cut a check to Turning Point was investment manager turned Republican donor Foster Friess, whom Kirk met at the 2012 Republican National Convention.
“I was 18 at the time and Turning Point USA had zero donors, no real presence, and I was just a kid from Chicago with a dream & energy to try and change the world,” Kirk later
wrote about meeting and pitching Friess. His proposal, according to Kirk, was simple: “I felt young people needed to hear the conservative message.”
A few weeks later, Friess
sent Turning Point $10,000, an investment Kirk would turn into many millions of dollars.
*I forgot the link.
He wanted to create an institution as renowned as The New York Times or Harvard—but with its founder gone, the future is murky.
fortune.com
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The speaker at the event said the money came from the same person and the checks were given in person.
~bella