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The Chamber of Commerce announced Thursday that it received its largest-ever contribution to expand its initiative promoting free enterprise.
A single individual is giving $100 million to the pro-business organization, setting a record for the 114-year-old organization. The person making the contribution was described as a long-time member of the organization who requested anonymity.
The “New Fight for Free Enterprise” effort combines advocacy in the public debate, in the courts, and by utilizing its network of state partners in favor of capitalism — or as Suzanne P. Clark, the Chamber’s president and CEO, described it: “The system that drives innovation, opportunity, and upward mobility.”
It comes as the business community faces pressures not only from the anti-billionaire political left, but also from the populist right. The Chamber, for instance, advocated against President Trump’s tariffs with an amicus brief in a Supreme Court case last year.
“Thanks to this transformational investment, we are expanding the New Fight for Free Enterprise at a moment when it matters most,” Clark said in a statement. “This effort is already strengthening the case for free enterprise, equipping leaders to engage more effectively, and stopping harmful policies before they take hold.”
“Our mission is to ensure free enterprise remains the foundation of growth and opportunity in America,” she added. “That requires both the ability to move quickly in the face of new challenges and the staying power to see this work through. With this support, we will do both—and help restore confidence that business is a force for progress in all Americans’ lives and in communities across the country.”
The $100 million will not be used for election-related expenses or general operating expenses, in keeping with the donor’s intent, a release said. The $100 million is set to be fully endowed by December.
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