To: Interested Parties Re: The Lincoln Project Discrepancies_____________________________________________ The Lincoln Project was created in December 2019, with the expressed purpose of preventing the reelection of President Trump. Roughly 18.6% of their presidential ad spending has been spent in the DC media market, which based on the results of the 2016 Presidential election, is the most Democratic area of the country.​1​ In addition to their role in the presidential race, the PAC has spent millions of dollars across the country aimed at Republican senate candidates. A recent article exposed the Treasurer of The Lincoln Project as the owner of its sole media vendor: Summit Strategic Communications (SSM).​2​ As of 10/4/20, the PAC has spent $19,581,590.84 with SSM (FEC Filings (Appendix A)). Following the same trend, The Lincoln Projects “Founder & Advisor” Ron Steslow is the current owner and president of TUSK Digital, the PACs exclusive digital placement firm (Appendix C). According to The PAC has spent $6,441,614.44 with TUSK Digital as of 10/4/20 (Appendix A). With specific regard to their television placements, we’re able to track the amount of broadcast and cable which is purchased through Advertising Analytics and publicly available FEC filings. When we compared their total spending using these two resources we came up with the following results as of 9/28/20 (Appendix A): ● Advertising Analytics; Senate broadcast and cable purchase: ● FEC Report; Senate media buy: ● Senate Difference: ● Advertising Analytics; Presidential broadcast and cable purchase: ● FEC Report; Presidential media buy: ● Presidential Difference: $4,514,000.00 $6,818,736.00 $2,304,736.00 $12,177,811.00 $12,783,375.75 $605,564.75 Advertising Analytics automatically calculates a 15% commission. This commission is in addition to what is represented on Advertising Analytics. In total, this is a difference of $5,408,629.02 between the senate and presidential races, for a net difference of 27.59%.​3 In comparison to the Lincoln Project, when using the same method and resources to evaluate media spending by Independence USA PAC these are the results​4​ (Appendix B): ● Advertising Analytics Presidential broadcast and cable purchase: ● FEC Total Presidential media buy: ● Difference: $6,378,574.00 $6,269,465.44 -$109,108.56 In total, this is a difference of $847,631.73, for a net difference of 13.52%.​3 Appendix A: 1 "2016 Election Results: President Live Map by State, Real-Time Voting Updates." ​Election Hub.​ Web. 08 Oct. 2020. ​Payne, Daniel. “Anti-Trump Super PAC Has Paid over $3 Million to Communications Firm Owned by PAC's Treasurer.” ​Just The News,​ 2020, justthenews.com/accountability/anti-trump-super-pac-has-paid-nearly-2-million-communications-firm-owned-pacs. 3 This represents a senate commissions of 43.7% and a presidential commission of 19%. 4 Reflective of Advertising Analytics spending between 9/29/20 and 10/6/20. 2 Page 1 of 10  The Lincoln Project FEC-1 37116 Senate 5 FEC-1 37267 Senate 2 FEC-1 37569 Senate 0 FEC-1 38105 President 5 FEC-1 38239 7 President FEC-1 38304 President 6 FEC-1 38553 Senate 1 FEC-1 38801 President 8 FEC-1 38956 President 3 FEC-1 39048 2 President FEC-1 39086 President 7 FEC-1 39184 President 6 FEC-1 39454 President 4 FEC-1 40323 President 9 FEC-1 40338 5 President https://docquery.fec.gov/pdf/183/202001179167237183/202001179167 237183.pdf https://docquery.fec.gov/pdf/449/202001249167351449/202001249167 351449.pdf https://docquery.fec.gov/pdf/434/202001309182480434/202001309182 480434.pdf https://docquery.fec.gov/pdf/407/202002079186487407/202002079186 487407.pdf https://docquery.fec.gov/pdf/815/202002159186505815/202002159186 505815.pdf https://docquery.fec.gov/pdf/150/202002189186515150/202002189186 515150.pdf https://docquery.fec.gov/pdf/894/202002219193872894/202002219193 872894.pdf https://docquery.fec.gov/pdf/210/202003059203750210/202003059203 750210.pdf https://docquery.fec.gov/pdf/219/202003139203831219/202003139203 831219.pdf https://docquery.fec.gov/pdf/821/202003189203884821/202003189203 884821.pdf https://docquery.fec.gov/pdf/516/202003199203914516/202003199203 914516.pdf https://docquery.fec.gov/pdf/156/202003249215853156/202003249215 853156.pdf https://docquery.fec.gov/pdf/377/202004099216623377/202004099216 623377.pdf https://docquery.fec.gov/pdf/933/202004229232246933/202004229232 246933.pdf https://docquery.fec.gov/pdf/980/202004249232292980/202004249232 292980.pdf Page 2 of 10  FEC-1 40364 6 FEC-1 40372 5 FEC-1 40396 5 FEC-1 40433 3 FEC-1 40462 2 FEC-1 40493 5 FEC-1 40562 8 FEC-1 40662 6 FEC-1 40779 1 FEC-1 40779 3 FEC-1 40811 1 FEC-1 40913 1 FEC-1 40913 3 FEC-1 40959 1 FEC-1 40969 3 President https://docquery.fec.gov/pdf/279/202004289232330279/202004289232 330279.pdf President https://docquery.fec.gov/pdf/500/202004299232338500/202004299232 338500.pdf President https://docquery.fec.gov/pdf/906/202005019232351906/202005019232 351906.pdf President https://docquery.fec.gov/pdf/356/202005059232366356/202005059232 366356.pdf President https://docquery.fec.gov/pdf/989/202005079232370989/202005079232 370989.pdf Senate https://docquery.fec.gov/pdf/548/202005099232633548/202005099232 633548.pdf President https://docquery.fec.gov/pdf/394/202005149232696394/202005149232 696394.pdf President https://docquery.fec.gov/pdf/684/202005199232805684/202005199232 805684.pdf Senate https://docquery.fec.gov/pdf/057/202005219239467057/202005219239 467057.pdf President https://docquery.fec.gov/pdf/060/202005219239467060/202005219239 467060.pdf President https://docquery.fec.gov/pdf/364/202005229239492364/202005229239 492364.pdf President https://docquery.fec.gov/pdf/589/202005299239584589/202005299239 584589.pdf Senate https://docquery.fec.gov/pdf/592/202005299239584592/202005299239 584592.pdf President https://docquery.fec.gov/pdf/263/202006029239594263/202006029239 594263.pdf President https://docquery.fec.gov/pdf/212/202006039239609212/202006039239 609212.pdf Page 3 of 10  FEC-1 40986 5 FEC-1 41003 5 FEC-1 41012 4 FEC-1 41054 1 FEC-1 41095 6 FEC-1 41134 6 FEC-1 41241 1 FEC-1 41486 5 FEC-1 41503 2 FEC-1 41503 3 FEC-1 41521 8 FEC-1 41586 6 FEC-1 41668 4 FEC-1 41696 0 FEC-1 41765 7 President https://docquery.fec.gov/pdf/365/202006049239614365/202006049239 614365.pdf President https://docquery.fec.gov/pdf/228/202006059239624228/202006059239 624228.pdf President https://docquery.fec.gov/pdf/662/202006059239633662/202006059239 633662.pdf Senate https://docquery.fec.gov/pdf/040/202006099239656040/202006099239 656040.pdf President https://docquery.fec.gov/pdf/338/202006119239678338/202006119239 678338.pdf Senate https://docquery.fec.gov/pdf/720/202006129239764720/202006129239 764720.pdf President https://docquery.fec.gov/pdf/549/202006179239806549/202006179239 806549.pdf President https://docquery.fec.gov/pdf/206/202006259244189206/202006259244 189206.pdf Senate https://docquery.fec.gov/pdf/394/202006269244217394/202006269244 217394.pdf President https://docquery.fec.gov/pdf/395/202006269244217395/202006269244 217395.pdf President https://docquery.fec.gov/pdf/585/202006279244219585/202006279244 219585.pdf President https://docquery.fec.gov/pdf/934/202007019244230934/202007019244 230934.pdf President https://docquery.fec.gov/pdf/427/202007049244305427/202007049244 305427.pdf President https://docquery.fec.gov/pdf/740/202007069244320740/202007069244 320740.pdf President https://docquery.fec.gov/pdf/498/202007089244369498/202007089244 369498.pdf Page 4 of 10  FEC-1 41811 6 FEC-1 41901 4 FEC-1 42006 3 FEC-1 42304 2 FEC-1 42534 6 FEC-1 42629 3 FEC-1 42801 0 FEC-1 42851 8 FEC-1 42863 6 FEC-1 42910 2 FEC-1 42933 9 FEC-1 42961 4 FEC-1 42983 7 FEC-1 42993 4 FEC-1 43028 3 President https://docquery.fec.gov/pdf/907/202007099244391907/202007099244 391907.pdf President https://docquery.fec.gov/pdf/900/202007119244428900/202007119244 428900.pdf Senate https://docquery.fec.gov/pdf/850/202007139244506850/202007139244 506850.pdf President https://docquery.fec.gov/pdf/516/202007159244898516/202007159244 898516.pdf President https://docquery.fec.gov/pdf/254/202007169250336254/202007169250 336254.pdf President https://docquery.fec.gov/pdf/805/202007199250404805/202007199250 404805.pdf President https://docquery.fec.gov/pdf/978/202007239260744978/202007239260 744978.pdf President https://docquery.fec.gov/pdf/758/202007259260815758/202007259260 815758.pdf President https://docquery.fec.gov/pdf/686/202007269260817686/202007269260 817686.pdf President https://docquery.fec.gov/pdf/984/202007299261174984/202007299261 174984.pdf President https://docquery.fec.gov/pdf/246/202007309261189246/202007309261 189246.pdf Senate https://docquery.fec.gov/pdf/209/202007319261199209/202007319261 199209.pdf President https://docquery.fec.gov/pdf/074/202008019261202074/202008019261 202074.pdf President https://docquery.fec.gov/pdf/356/202008029261202356/202008029261 202356.pdf President https://docquery.fec.gov/pdf/790/202008049261218790/202008049261 218790.pdf Page 5 of 10  FEC 14307 68 FEC 14311 30 FEC 14315 00 FEC 14320 01 FEC – 14322 74 FEC – 14324 73 FEC 25326 01 FEC 14330 80 FEC 14332 20 FEC 14335 56 FEC 14338 93 FEC 14347 82 FEC 14348 96 FEC 14349 42 President Presidenti al / Senate https://docquery.fec.gov/pdf/541/202008069261264541/202008069261 264541.pdf https://docquery.fec.gov/pdf/577/202008079261279577/202008079261 279577.pdf President https://docquery.fec.gov/pdf/559/202008109261290559/202008109261 290559.pdf President https://docquery.fec.gov/pdf/688/202008139261299688/202008139261 299688.pdf President https://docquery.fec.gov/pdf/169/202008149261306169/202008149261 306169.pdf President https://docquery.fec.gov/pdf/110/202008159261319110/202008159261 319110.pdf President https://docquery.fec.gov/pdf/076/202008169261322076/202008169261 322076.pdf President https://docquery.fec.gov/pdf/089/202008189261359089/202008189261 359089.pdf President https://docquery.fec.gov/pdf/388/202008189261363388/202008189261 363388.pdf President https://docquery.fec.gov/pdf/877/202008199261413877/202008199261 413877.pdf President https://docquery.fec.gov/pdf/767/202008209261501767/202008209261 501767.pdf President https://docquery.fec.gov/pdf/082/202008219266862082/202008219266 862082.pdf President https://docquery.fec.gov/pdf/463/202008229266863463/202008229266 863463.pdf President https://docquery.fec.gov/pdf/573/202008239266863573/202008239266 863573.pdf Page 6 of 10  FEC 14352 59 FEC 14354 22 FEC -14355 08 FEC -14356 61 FEC 14357 15 FEC 14358 01 FEC -14359 10 FEC 14362 77 FEC 14363 97 FEC 14365 14 FEC 14365 38 FEC 14365 98 FEC 14370 45 FEC 14372 77 President https://docquery.fec.gov/pdf/017/202008269267005017/202008269267 005017.pdf President https://docquery.fec.gov/pdf/720/202008279267043720/202008279267 043720.pdf President https://docquery.fec.gov/pdf/088/202008289267051088/202008289267 051088.pdf President https://docquery.fec.gov/pdf/659/202008299267057659/202008299267 057659.pdf President https://docquery.fec.gov/pdf/209/202008309267058209/202008309267 058209.pdf President https://docquery.fec.gov/pdf/969/202008319267061969/202008319267 061969.pdf President https://docquery.fec.gov/pdf/655/202009019267073655/202009019267 073655.pdf President https://docquery.fec.gov/pdf/865/202009039267080865/202009039267 080865.pdf President https://docquery.fec.gov/pdf/997/202009049267082997/202009049267 082997.pdf President Presidenti al / Senate https://docquery.fec.gov/pdf/370/202009059267084370/202009059267 084370.pdf https://docquery.fec.gov/pdf/468/202009069267084468/202009069267 084468.pdf President https://docquery.fec.gov/pdf/323/202009079267090323/202009079267 090323.pdf President https://docquery.fec.gov/pdf/478/202009109267130478/202009109267 130478.pdf Senate https://docquery.fec.gov/pdf/822/202009119267133822/202009119267 133822.pdf Page 7 of 10  FEC 14347 82 FEC 14375 27 FEC 14376 92 FEC 14383 50 FEC 14387 94 FEC 14395 41 FEC 14398 55 FEC 14400 28 FEC -14404 69 FEC 14408 76 FEC 14410 64 FEC -14411 07 FEC -14412 78 FEC 14414 74 FEC 14415 63 Senate https://docquery.fec.gov/pdf/103/202009129267139103/202009129267 139103.pdf President https://docquery.fec.gov/pdf/847/202009139267165847/202009139267 165847.pdf President https://docquery.fec.gov/pdf/620/202009149267170620/202009149267 170620.pdf President https://docquery.fec.gov/pdf/699/202009169267215699/202009169267 215699.pdf President https://docquery.fec.gov/pdf/993/202009179267231993/202009179267 231993.pdf President https://docquery.fec.gov/pdf/202/202009189267413202/202009189267 413202.pdf President https://docquery.fec.gov/pdf/655/202009199275274655/202009199275 274655.pdf President https://docquery.fec.gov/pdf/551/202009209275501551/202009209275 501551.pdf Senate https://docquery.fec.gov/pdf/980/202009219284418980/202009219284 418980.pdf President Presidenti al / Senate President Presidenti al / Senate Presidenti al / Senate President https://docquery.fec.gov/pdf/969/202009239284717969/202009239284 717969.pdf https://docquery.fec.gov/pdf/568/202009249284960568/202009249284 960568.pdf https://docquery.fec.gov/pdf/756/202009249284961756/202009249284 961756.pdf https://docquery.fec.gov/pdf/841/202009259284967841/202009259284 967841.pdf https://docquery.fec.gov/pdf/104/202009269284972104/202009269284 972104.pdf https://docquery.fec.gov/pdf/954/202009279284976954/202009279284 976954.pdf Page 8 of 10  FEC 14417 01 FEC 14417 48 President Presidenti al / Senate https://docquery.fec.gov/pdf/468/202009289284978468/202009289284 978468.pdf https://docquery.fec.gov/pdf/647/202009289284979647/202009289284 979647.pdf Appendix B: Restoration PAC FEC 144252 7 Preside nt https://docquery.fec.gov/pdf/154/202010019284990154/20201001928499 0154.pdf Appendix C: Page 9 of 10  Page 10 of 10