In 2020, fewer than half of companies in the S&P 500 disclosed their election-related contributions to PACs and trade associations, according to the Center for Political Accountability. Among those that did disclose, two-thirds of their spending went to trade associations.
Wells Fargo gave a total of $704,300 to three Democratic and three Republican organizations known as 527s that are focused on electing governors, attorneys general and state lawmakers, according to data from the Center for Political Accountability
“two of the largest institutional investors, BlackRock and Vanguard, voted for CPA’s resolution for the first time last year. BlackRock did so for six of the 12 CPA resolutions and Vanguard for three.”