Super PAC (Independent Expenditure-Only)
With Honor Fund III, Inc.
FEC committee C00898890. Last filed October 15, 2026.
FEC C00898890Last filed 2026-10-15Totals through 2026-09-30
The short version
- Raised $7.7M and spent $6.4M in the 2026 cycle, through September 30, 2026.
- Biggest target: $2.7M supporting Don Davis.
- $3.0M in general election independent expenditures reported in 24 and 48 hour notices.
- Largest donor on record: With Honor Fund II, Inc. (PAC), $6.8M.
What it is
With Honor Fund III, Inc. is registered with the FEC as a super PAC. In 2026 it has reported $3.0M in independent expenditures across 2 races, 91% of it helping Democrats.
- With Honor Fund III, Inc. ← $6.8M from With Honor Fund II, Inc. (89% of its reported receipts)
A super PAC can raise unlimited amounts from individuals, companies, unions and other groups. It cannot give money directly to candidates or coordinate its spending with them. It spends independently, mostly on ads.
Issues it says it stands for
No record found. The FEC does not record issues. The candidates it supports and opposes are listed below.
Registration
| Type | Super PAC (Independent Expenditure-Only) |
|---|---|
| Connected organization | None |
| Treasurer | Koch, Timothy a |
| Registered in | Virginia |
| First filed with the FEC | March 4, 2025 |
Who it supports and opposes
Independent expenditures from its 24 and 48 hour notices, 2026 cycle.
| Position | Candidate | Race | General | Primary or other |
|---|---|---|---|---|
| Support | Don Davis D | NC-01 House | $2.7M | $0 |
| Support | Alexandra Mealer R | TX-09 House | $262K | $0 |
Direct contributions to candidates
| Recipient | Given | Checks |
|---|---|---|
| Servant-Leader Fund, Inc. FEC | $1.4M | 9 |
| Patriotic Fund, Inc. FEC | $875K | 6 |
| Barcott, Rye | $106K | 29 |
| Adp | $29K | 21 |
| Percipient Strategies LLC | $17K | 7 |
| Aristotle International Inc. | $15K | 5 |
| Principled Veterans Fund FEC | $12K | 1 |
| Dupont Creative, Inc. | $12K | 5 |
| Koch & Hoos, LLC | $9K | 6 |
| Jones Mandel | $8K | 2 |
| US Treasury | $5K | 1 |
| Fortium Partners Lp | $5K | 3 |
| Mastercard-Bank of America | $4K | 3 |
| Anedot | $2K | 1 |
| Dentons US Llp | $1K | 1 |
Largest itemized contributions processed by the FEC, 2026 cycle.
Who funds it
Donor mix
| Source | Amount | Share |
|---|---|---|
| Small donors, $200 or less (not named) | $250 | 0% |
| Individuals giving over $200 (named) | $462K | 6% |
| PACs and other political committees | $6.9M | 90% |
| Other receipts (companies, nonprofits, a hybrid PAC's unlimited account) | $72K | 1% |
| Loans, offsets and other | $269K | 4% |
| Total raised | $7.7M | 100% |
FEC committee totals, 2026 cycle, through September 30, 2026. The 10 largest donors include recent electronic filings, so their share can run ahead of these totals.
99% from 10 donors
Largest named donors
| Donor | Type | Given | Checks |
|---|---|---|---|
| With Honor Fund II, Inc. FEC | PAC | $6.8M | 8 |
| Patriotic Fund, Inc. FEC | PAC Recent filing | $269K | 2 |
| Douglas L. Foshee Sallyport Investments LLC | Individual | $90K | 1 |
| Matthew Jones Usmc | Individual Recent filing | $90K | 1 |
| US Bank | Organization No donor disclosure Recent filing | $72K | 18 |
| Everytown for Gun Safety Victory Fund | PAC | $50K | 1 |
| Paul Finnegan Madison Dearborn Partners | Individual | $48K | 1 |
| Mary Finnegan Homemaker | Individual | $48K | 1 |
| Tillman Kids Property LLC | Organization No donor disclosure | $45K | 1 |
| John L. Drew Tcv | Individual | $45K | 2 |
| Lise Hain Retired | Individual | $45K | 2 |
| Donald Dixon Forgepoint Capital | Individual Recent filing | $45K | 1 |
| Robert S. Kaplan Goldman Sachs | Individual | $5K | 1 |
| Herbert Mcmaster Stanford University | Individual | $2K | 1 |
Built from the 100 largest itemized receipts processed by the FEC through June 1, 2026, plus the largest receipts in reports filed electronically through September 14, 2026 (marked "Recent filing").
Where its individual donors work
| Employer | Given | Donations |
|---|---|---|
| Null | $6.9M | 9 |
| Sallyport Investments LLC | $90K | 1 |
| Homemaker | $48K | 1 |
| Madison Dearborn Partners | $48K | 1 |
| Window World | $45K | 1 |
| Tcv | $45K | 2 |
| Goldman Sachs | $5K | 1 |
| Stanford University | $2K | 1 |
Employer as reported by each donor, 2026 cycle, FEC processed totals. Retired, self employed and not employed donors are not shown.
Donors marked "No donor disclosure" are companies, LLCs or nonprofits. Unless they are themselves political committees, they do not have to report where their money came from. The disclosed trail ends there.
Primary Sources
- FEC committee page: fec.gov/data/committee/C00898890
- FEC filings: all reports filed by With Honor Fund III, Inc.
- Independent expenditures: fec.gov
- Receipts: fec.gov