Media Fund

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The Media Fund is a 527 group, active in U.S. politics, which supported Democrat John Kerry's campaign for President. It was formed in 2002, and is led by Harold M. Ickes, a former aide to President Bill Clinton. Its chief fundraiser is Ellen Malcolm, a former fundraiser for EMILY's List. Billionaire George Soros was among the largest donors to the Fund. According to the New York Times, the Media Fund raised $45 million to run issue ads in key swing states. The Media Fund is one of several 527 groups which supported Kerry; others include America Coming Together and MoveOn.org. After the election, the group experienced a dramatic drop in fundraising success; media reports speculated that major donors had given up on the organization, and were turning their attention to other, more long-term Democratic projects.