A 26-year-old Trump-backed congressional candidate appears to be fueling his campaign with trust-fund money

Personal financial disclosures for a congressional candidate in North Carolina show that the candidate has a unique financial situation. The Federal Election Commission recently revealed that the majority of campaign money for Bo Hines appears to be coming from his own trust fund.

Records indicate that Hines has loaned his campaign over $775,000 of his own money, which amounts to around 58% of his war chest. However, his personal financial disclosure statement notes that he has no job, no other earned income or compensation, and no loans or liabilities to speak of. His sole reported asset was his share of the “Hines Children’s Trust.” 

It is not uncommon for congressional candidates to self-fund, however, it is rare to see funds come directly from a trust.

For more Information:

See Madison Hall, “A 26-year-old Trump-backed congressional candidate appears to be fueling his campaign with trust-fund money,” Yahoo News, May 27, 2022.

https://lawprofessors.typepad.com/trusts_estates_prof/2022/06/a-26-year-old-trump-backed-congressional-candidate-appears-to-be-fueling-his-campaign-with-trust-fun.html