Victory Fund

What Victory Fund does

Victory Fund, formally The Gay & Lesbian Victory Fund (DBA: LGBTQ+ Victory Fund and Victory Fund), is a 501(c)(4) nonpartisan political action committee founded on May 1, 1991, and headquartered at 1225 I Street NW, Suite 525, Washington, DC. It is the only national organization in the United States devoted exclusively to electing pro-equality, pro-choice openly LGBTQ+ candidates to public office at the local, state, and federal levels. The organization's core offering is a rigorous Candidate Endorsement Program through which openly LGBTQ+ candidates apply, are vetted, and, if endorsed, receive campaign consulting, a proprietary voter outreach model, digital media promotion, access to the Victory Fund endorsement seal, and direct financial support. Endorsements are voted on by the Victory Campaign Board, a national body of community leaders each of whom raises or gives $5,000 annually to endorsed candidates and contributes $1,200 to the organization.

Victory Fund's revenue is generated exclusively through donations and membership dues: individual contributions, PAC contributions, signatory events (National Champagne Brunch, Sacramento Reception, Houston Brunch, local gatherings), and tiered membership programs (Victory Caucus $35+ / $3 monthly, Victory Cabinet $2,500+ annually). The Annise Parker Candidate Fund layers on a donor-matched program ($20-to-$1 from seed founders) for endorsed candidates running in low-equity areas. The Federal PAC is structured as a separate channel for U.S. House and Senate races. Adjacent programs include the Victory Institute (a separate affiliated 501(c)(3)) which provides four-day candidate training; LGBTQ+ Victory Action, a state-level organizing arm; the Black Leaders Caucus (formed 2022, contributing to a rise from 91 to 146 Black LGBTQ+ elected officials between 2022 and 2024); the Our Future Caucus for under-40 leaders; and signature research publications such as the annual Out on the Trail reports. The organization is staffed by 11-50 employees and has no parent company, no venture or institutional equity holders, and is governed by a Board of Directors.

The business model is a high-touch political-services operation, not a technology product company. The "product" surface consists of endorsement services, campaign support, donor matching, and voter-targeting data (delivered to endorsed candidates via the voter outreach model), plus a publicly accessible LGBTQ+ Elected Officials Map. Growth has been driven by expanding candidate pipelines through sub-caucuses (Black Leaders, Our Future), widening geographic footprint (49 states plus DC and Puerto Rico on the 2024 ballot), and scaling direct candidate investment (reaching $2M+ in 2018 and continued multi-state electoral wins through 2022). The transition from Annise Parker to Evan Low as President & CEO in 2025 marks a generational shift at the top of the organization.

Name

Victory Fund

Legal name

The Gay & Lesbian Victory Fund

Website

https://victoryfund.org

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

11–50 employees

Short description

LGBTQ+ Victory Fund is a national 501(c)(4) political action committee that vets, endorses, and provides campaign and fundraising support to openly LGBTQ+ candidates running for local, state, and federal public office across the United States.

Ownership category

akta.pro rank

Product category

Political Candidate Endorsement

NAICS

Political Organizations (813940), Social Advocacy Organizations (8133), Grantmaking Foundations (813211)

SIC

Services-Membership Organizations (8600)

akta.pro primary industry

Social Justice & Human Rights Grantmaking Foundations (BPAGAKAN)

Keywords

• Political candidate endorsement
• Campaign fundraising support
• Political action committee
• LGBTQ+ political advocacy
• Candidate vetting services

Headquarters

HQ city

Washington

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Marketing or Sales, Operations, Others, Technology or R&D

Revenue model

1. Political Contributions and Donations: LGBTQ+ Victory Fund raises money through individual donations, PAC contributions, and membership fees to support endorsed LGBTQ+ candidates. Donors contribute through various channels including the Victory Caucus ($35+ membership), Victory Cabinet ($2,500+ annually), and direct campaign contributions.

Pricing tiers

Distribution channels1 record

Marketing channels6 records

Core offering

Victory Fund is a national 501(c)(4) political action committee that rigorously vets and endorses openly LGBTQ+ candidates seeking election to local, state, and federal public office. Endorsed candidates receive campaign consulting, a voter outreach model, digital media promotion, fundraising assistance, and use of the organization's endorsement seal. The organization funds these activities through individual donations, membership programs, and dedicated candidate funds.

Product overview

LGBTQ+ Victory Fund is a political organization — not a software product company — that operates as a suite of interconnected programs and fundraising mechanisms to elect pro-equality, pro-choice LGBTQ+ candidates to public office. The core offering is its Candidate Endorsement Program, which rigorously vets and endorses openly LGBTQ+ candidates who receive a bundle of services including campaign consulting, a voter outreach model, the Victory Fund endorsement seal, digital media promotion, and technical assistance. The organization supplements candidate support through the Annise Parker Candidate Fund (direct financial contributions with donor matching), the Victory Fund Federal PAC (federal-level candidate support), and the Victory Institute's Candidate & Campaign Training. Membership tiers (Victory Caucus, Victory Cabinet) and the Victory Campaign Board provide sustained fundraising infrastructure and governance. The LGBTQ+ Victory Action arm conducts state-level organizing through the Black Leaders Caucus, Our Future Caucus, and State Leadership Teams. The organization publishes annual Out on the Trail demographic research reports and hosts signature fundraising events including the National Champagne Brunch, Sacramento Reception, and Houston Brunch.

Differentiator

Problem solved

Functional benefit

Brands

• LGBTQ+ Victory Action: A state-level organizing arm of Victory Fund that builds person-to-person political power in communities, working with local LGBTQ+ advocates to identify and support local LGBTQ+ leaders to run for office. It includes State Leadership Teams, the Black Leaders Caucus, and the Our Future Caucus.
• LGBTQ+ Victory Action Board
• Victory Campaign Board
• Black Leaders Caucus
• Our Future Caucus
• Annise Parker Candidate Fund

Products and services

• Candidate Endorsement Program A rigorous vetting and endorsement program for openly LGBTQ+ political candidates who demonstrate community support, a viable path to victory, and commitment to pro-equality and pro-choice values. Endorsed candidates receive website profiling, digital media promotion, campaign consulting, a voter outreach model, use of the Victory Fund endorsement seal, and technical assistance. Designed for out LGBTQ+ candidates running for local, state, or federal public office.
• Victory Fund Federal PAC

Quantifiable outcome

• Thousands of LGBTQ+ elected officials supported since 1991
• +3 more outcomes

Named customers5 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Victory InstitutecoreStrategic or Co-development PartnerRelated organization founded in 1993 (originally Gay & Lesbian Victory Foundation) that trains future LGBTQ+ candidates and campaign workers for careers in public service. Victory Institute and Victory Fund operate in coordination with shared mission of electing LGBTQ+ leaders.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Regional players

• GLAAD: National LGBTQ+ media advocacy organization that works to shape cultural representation and media coverage of LGBTQ+ people. Adjacent to Victory Fund's political mission and shares donor ecosystem but focuses on narrative rather than direct candidate election.
• PFLAG National: National LGBTQ+ family and ally advocacy organization with grassroots chapters. Operates in the same donor base and supports LGBTQ+ equality broadly, but focuses on family support and education rather than direct candidate election.

Broad incumbents

• Human Rights Campaign (HRC): Largest U.S. LGBTQ+ civil rights advocacy organization. While HRC focuses on lobbying, litigation, and policy advocacy (not direct candidate endorsement), it operates in the same donor base and constituency as Victory Fund and frequently coordinates electoral activity with it.
• National LGBTQ Task Force: Long-standing LGBTQ+ advocacy organization focused on policy, training, and movement-building. Overlaps with Victory Fund in training (through their leadership programs) but does not directly endorse or fund candidates.

Direct peers

• EMILY's List: Pro-choice Democratic women's PAC that recruits, trains, and elects women candidates. EMILY's List was the direct inspiration for Victory Fund's founding model and operates an analogous endorsement + fundraising + campaign-support structure for a different demographic constituency.
• Gill Action Fund: State-focused LGBTQ+ political organization that works to elect pro-equality candidates and pass pro-equality legislation in target states. Directly comparable PAC-style model but with a state-level rather than national scope.
• LPAC: Lesbian Political Action Committee focused on electing LGBTQ+ women to office. Operates a similar endorsement, fundraising, and campaign-support model but narrower in demographic focus (lesbian and queer women candidates only).

Emerging players

• Victory Institute: Affiliated 501(c)(3) organization that trains LGBTQ+ leaders and campaign workers. Operates as a strategic sister organization providing the candidate training pipeline that feeds Victory Fund's endorsement program — not a competitor but a closely coupled counterpart.
• Center for Black Equity: National Black LGBTQ+ advocacy organization supporting community development, policy, and Black LGBTQ+ leadership — directly comparable to Victory Fund's Black Leaders Caucus work and overlapping mission of growing Black LGBTQ+ political representation.
• National Center for Transgender Equality: Transgender-focused policy advocacy organization that overlaps with Victory Fund on trans candidate support and broader trans rights advocacy. Narrower demographic focus and policy/lobbying orientation rather than candidate election.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/victoryfund
• YouTubeyoutube.com/user/VictoryFund
• Facebookfacebook.com/victoryfund
• LinkedInlinkedin.com/company/victoryfund
• Instagraminstagram.com/victoryfund

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Victory Fund