The 30-second spot paid for by the Iowa-based American Future Fund claims that Koster "sided with DC politicians" and "refused to sue to stop the job-killing federal healthcare bill." A closer look at American Future Fund, however, may leave you wondering who the real "imposter" is.
American Future Fund calls itself a conservative, free-market "advocacy group" which allows it to claim nonprofit status with the IRS as a "social welfare" agency or 501(c)(4). In reality, though, AFF behaves more like a political hired gun that can use its nonprofit status to sidestep federal election laws.
Today nonprofits such as AFF, Crossroads GPS and Americans for Prosperity are upending campaign finance, spending even more money than super PACs on television ads for the 2012 election cycle. Moreover, nonprofits don't have to disclose their donors, the way that PACs must, allowing anonymous contributors to flood these "social welfare" groups with cash.
Shadier, still, is the way AFF went about registering as a "nonprofit." As ProPublica reported last month: