The Koch network has informed donors that it won't back Donald Trump's 2020 reelection campaign — and that it won't fund any other presidential candidates either.
The Washington Post reported Thursday that people familiar with conversations said the network run by billionaire brothers Charles and David Koch have "quietly relayed" to donors their decision in recent months.
The move "comes as the network has sought to shift attention from its political activities to its investments in education and philanthropy," the Post noted.
In spite of the network's decision to stay out of the presidential race, it will still support candidates for Senate and governor through its various groups like Americans for Prosperity.
Koch network Spokesman James Davis told the Post the organization plans to “significant investment to support policy champions in Senate, House and state races, build broad-based policy coalitions, and to launch a major new initiative to fight poverty in America.”