The three committees include a political action committee (PAC), a super PAC and a joint fundraising committee. These three have collectively amassed and spent millions of dollars within their first three months of operation.
The PAC, operating under $5,000 limits per year, has already accumulated $6.2 million, while the joint fundraising committee, functioning as a financial intermediary that collects and distributes funds to other groups, has raised over $10 million from different sources.
The super PAC, an unlimited fund-raising organization prohibited from endorsing a candidate, reportedly had $6.3 million on hand at the end of June, with contributions from entities such as the California Conference of Carpenters-Builders and Working for Working Americans, a Washington-based super PAC advocating for building trade unions. Philanthropist Aileen Getty further solidified the financial backing with a $25,000 contribution.
These funds are directed toward fundraising events, promotional emails and public appearances to advocate the policy agenda of Newsom for gun control, abortion rights and LGBTQ+ rights. Newsom engages party leaders and organizers in conservative strongholds like Arkansas, Mississippi and Florida to bolster local Democratic candidates.
Brendan Glavin, a senior data analyst at Open Secrets, emphasized that these steps are often indicative of a candidate testing the waters for a potential presidential campaign. "For someone who has an interest in launching a presidential campaign, these are the first steps you'd take," Glavin noted. "I wouldn't say it's set in stone, but certainly you wouldn't do all of these things if you weren't thinking about it."
Nathan Click, a campaign advisor for Newsom, vehemently rejected the notion of presidential ambitions and emphasized the focus of Newsom on supporting Democratic candidates in traditionally conservative states. "This is all about going deep into the reddest states and helping Democrats where they're on defense," Click explained.
Other presidential candidates have also been using super PACs to fund their campaigns ahead of the 2024 presidential elections.