This article by Scott Bland is published by Politico. Here is an excerpt:

When Mike Pompeo announced his political action committee last June, he set off a wave of news stories heralding the move as a potential step toward a 2024 presidential campaign. But the former secretary of State kept his next big launch behind the scenes.

Two months later, Pompeo allies including Ulrich Brechbuhl, a close friend, West Point classmate and former State Department official, quietly formed a nonprofit group — Champion American Values Fund — to work alongside Pompeo’s Champion American Values PAC. According to corporate records from Delaware and Virginia, Brechbuhl serves as president of the organization, which can raise and spend unlimited funds without disclosing its donors — an increasingly popular feature for politicians eyeing the White House.

At least a dozen potential candidates for president in 2024 have active nonprofit groups aligned with them, according to a review of corporate filings, campaign disclosures and financial records obtained by POLITICO. Some of them, like the nonprofits affiliated with Pompeo or Sen. Tim Scott (R-S.C.), have never been publicly revealed before. Others, like those supporting President Joe Biden and former President Donald Trump, have been operating in the open for years.

Read the full article here. Also, visit the main Democracy Chronicles section on American Democracy or our articles on Money Politics and Worldwide Corruption.