http://www.factcheck.org/2010/10/american-future-fund/
Spending target: $20 million to $25 million
American Future Fund was founded in 2007 by Nick Ryan, a longtime political adviser to former Iowa congressman Jim Nussle, a Republican....Nicole Schlinger, a former finance director of the Republican Party of Iowa, was American Future Fund's first president. Schlinger is the founder of Capital Resources, a fundraising consultancy and management firm. She also served as the director of Mitt Romney’s Ames, Iowa, straw poll campaign in 2007. On her company website, she claims to be “the most prolific political fundraiser in Iowa Republican history with over $50 million raised for candidates from city council to governor.” In 2008, Sandra Greiner replaced Schlinger as president of American Future Fund. Greiner served as an Iowa state legislator from 1992 to 2004 and is now a GOP candidate for state Senate.
American Future Fund is registered as a 501(c)(4), which means it can receive unlimited donations and does not have to disclose its donors. In its most recent IRS filing from 2008, the group reported receiving $7.5 million in donations and spending approximately $6.3 million.
Although the group has not publicly disclosed its donors, Hawkeye Energy Holding CEO Bruce Rastetter acknowledged to the New York Times that he donated an undisclosed amount in 2007 to help get the group started. In an Oct. 11 story, the Times described Hawkeye as "one of the nation's larger ethanol companies," and noted that most of the incumbent congressmen targeted for defeat by American Future Fund "have seats on a handful of legislative committees with a direct say in the ethanol industry." Ryan sits on the board of the Rastetter Foundation and was chairman of a state political action committee "financed largely" by Rastetter. Daniel Stockdale, Rastetter's attorney, told the Times that his client has no "decision-making authority" at American Future Fund.
According to its website, American Future Fund works “to provide Americans with a conservative and free market viewpoint.” While it is not identified with any specific policy issues, the group released several ads against the health care bill last year, including some we found to be misleading.
http://www.factcheck.org/2010/10/american-future-fund/
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