501c4

One Nation

How the Money Flows

501(c)(4) paired with Senate Leadership Fund super PAC; anonymous donors give for issue ads; shares leadership (Steven Law), strategy, and vendors with SLF; receives pass-through donations from DonorsTrust and other intermediaries

Total Assets

$75.0M

2024 Spending

$60.0M

Controlled By

Senate Leadership Fund allies

Purpose

Supporting Republican Senate candidates through issue ads

📖 The Shadow Story

One Nation operates in the shadows of American politics — a 501c4 that pumped $60.0M into the 2024 political landscape without the transparency required of traditional PACs.

Controlled by Senate Leadership Fund allies, the group holds $75.0M in assets — a war chest that allows it to intervene in elections, fund issue advocacy, and shape public opinion without accountability. In 2024, it deployed 80.0% of its total assets.

Known donors include Crossroads GPS donors, Adelson network. But these represent only the tip of the iceberg — the vast majority of funders remain anonymous.

One Nation is Mitch McConnell's dark money arm — the 501(c)(4) counterpart to the Senate Leadership Fund (SLF), the super PAC that McConnell personally helped create and that his former chief of staff, Steven Law, leads. One Nation runs 'issue ads' in competitive Senate races that function as campaign advertising for Republican candidates, spending $60 million in the 2024 cycle alone. The organization's relationship with McConnell is the defining feature of its operation: McConnell has personally called donors to solicit contributions for both the SLF and One Nation, and the two organizations share leadership, strategy, polling, and advertising vendors. Steven Law serves as president of both entities, creating a seamless operation where disclosed and undisclosed money flows through a single strategic apparatus. One Nation's funding comes from a mix of Republican mega-donors who prefer anonymity, corporate contributors seeking to influence Senate policy without public attribution, and pass-through entities like DonorsTrust and Crossroads GPS. The Adelson family's political network has been a major contributor, as have donors from the fossil fuel, pharmaceutical, and financial services industries. One Nation has been particularly effective in early-cycle advertising — spending heavily in competitive states months before the election to define the terms of debate before campaigns themselves have the resources to advertise. The organization played crucial roles in the 2020 and 2022 cycles, spending over $100 million in each to support Republican Senate candidates. In the 2024 cycle, One Nation focused on Democratic-held seats in Montana, Ohio, West Virginia, and Pennsylvania, as well as defending Republican incumbents in competitive states. The organization's spending patterns reveal its priorities: healthcare policy (defending Republican votes against ACA repeal attacks), immigration (amplifying border security messaging), and economic policy (promoting tax cuts and deregulation). One Nation's existence completes the bipartisan dark money infrastructure in Senate races — with Majority Forward on the Democratic side and One Nation on the Republican side, both parties have built anonymous spending vehicles that operate in parallel with their disclosed super PACs.

🎭 Key Operatives

The people pulling the strings behind One Nation.

S

Steven Law

President (also leads Senate Leadership Fund)

M

Mitch McConnell

Strategic architect and donor solicitor

K

Karl Rove

Strategic advisor (overlap with American Crossroads network)

J

Josh Holmes

McConnell political advisor and SLF/One Nation strategist

🔍 Suspected Donors

These donors are suspected but not confirmed — pieced together from tax filings, investigative reporting, and financial analysis.

Adelson family network (confirmed/suspected)

Crossroads GPS donors (confirmed pass-through)

DonorsTrust (confirmed conduit)

Pharmaceutical industry donors (PhRMA network)

Fossil fuel industry donors

Financial services industry donors

Kenneth Griffin (suspected)

🗳️ Campaigns Influenced

Elections and issue campaigns where One Nation deployed its resources.

CampaignYearAmountOutcome
2024 Senate races (MT, OH, PA, WV)2024$60.0MRan issue ads supporting Republican Senate candidates in top-tier races
2022 Senate races2022$70.0MActive in GA, PA, AZ, NV, NH; Republicans fell short of majority
2020 Senate races2020$80.0MDefended Republican senators; ultimately lost majority in GA runoffs
Immigration and border security messaging2024$25.0MAmplified border crisis messaging in swing-state Senate races

💡 Did You Know?

Mitch McConnell personally calls donors to solicit for both the Senate Leadership Fund and One Nation

Steven Law — McConnell's former chief of staff — leads both the disclosed super PAC and the dark money arm

One Nation's early-cycle advertising strategy spends millions to define races months before candidates begin their own campaigns

The organization is the Republican mirror image of Majority Forward, completing the bipartisan dark money infrastructure in Senate races

🏗️ The Architecture of Secrecy

Dark money groups use layered legal structures to obscure the true source of political spending. Here's how One Nation operates:

Anonymous Donors

Identity hidden from public

501c4

One Nation

Political Spending

$60.0M

ads, mailers, issue advocacy, elections

Transparency Score

18

Low

out of 100

How much is publicly known about this entity's funding sources

Known Donors

  • Crossroads GPS donors
  • Adelson network

Financials

Total Assets

$75.0M

2024 Spending

$60.0M

Spend Rate

80.0% of assets

Connected Entities

Other dark money groups linked through shared controllers, donors, or financial networks.