JD Vance
The data on this page comes from a 2025 financial disclosure filed for JD Vance. It is part of a collection of thousands of ethics documents ProPublica has been collecting from across the administration.
Roles Outside Government
Officials are required to disclose paid or unpaid positions they hold or recently held outside the federal government, including roles as officer, director, trustee or employee. (Form 278e, Part 1)
Employment Assets
Officials are required to disclose assets associated with their employment, including salary, retirement accounts, stocks, intellectual property and awards or prizes. (Form 278e, Part 2)
| Description | Value | Income | Income Type | Endnote | Line No. |
|---|---|---|---|---|---|
| Charles Schwab SEP IRA | 1 | ||||
| SPY - SPDR S&P | $100K - $250K | None (or less than $201) | 1.1 | ||
| Charles Schwab IRA | 2 | ||||
| U.S. brokerage account (Cash) | $1,001 - $15,000 | None (or less than $201) | 2.1 | ||
| "Hillbilly Elegy: A Memoir of a Family and Culture in Crisis," HarperCollins (value not readily ascertainable) (paid through William Morris Endeavor, royalties received by JD Vance Enterprises LLC) | $50,001 - $100K | Rent or Royalties | 3 | ||
| JD Vance Enterprises LLC | 4 | ||||
| Huntington National Bank (cash account) | $250K - $500K | None (or less than $201) | 4.1 | ||
| Narya Capital Fund I, LP | $500K - $1M | $15,001 - $50,000 | Interest, Capital Gains | End note: reporting period income is a good faith estimate based on most recent documentation. | 4.2 |
| Rise of the Rest Seed Fund, LP | $100K - $250K | None (or less than $201) | End note: reporting period income is a good faith estimate based on most recent documentation. | 4.3 | |
| Rise of the Rest Seed Fund AIV GP, LLC (value not readily ascertainable): Filer is entitled to 15 basis points of the 20% carried interest in the general partner of Rise of the Rest Seed Fund, LP | None (or less than $201) | End note: reporting period income is a good faith estimate based on most recent documentation. | 4.4 | ||
| Narya Capital, GP I, LLC (general partner of Narya Capital Fund I, LP) | 4.5 | ||||
| Carried interest in Narya Capital Fund I, LP (value not readily ascertainable) - entitled to 56.4% of the first $7 million of carried interest proceeds and 55.2% of any carried interest proceeds over $7 million. | $5,001 - $15,000 | Interest, Capital Gains | End note: reporting period income is a good faith estimate based on most recent documentation. | 4.5.1 | |
| Management Fee Set Off Contribution receivable | $500K - $1M | None (or less than $201) | 4.5.2 | ||
| Net Fee Proceeds receivable (value not readily ascertainable) - 60% of the net fee proceeds | None (or less than $201) | 4.5.3 | |||
| Narya Capital Fund II, LP | $1,001 - $15,000 | 4.6 |
Employment Agreements
Officials are required to disclose agreements relating to other jobs, including what will happen with any small businesses they own during government service and any continued health care coverage, planned leaves of absence, severance or bonuses. (Form 278e, Part 3)
| Organization | Agreement | Endnote | Line No. |
|---|---|---|---|
| Narya Capital, GP I, LLC | Pursuant to the Carried Interest Adjustment Agreement, I am entitled to 56.4% for the first $7 million of aggregate carried interest proceeds distributed to the entity, and 55.2% thereafter. (02/2020 (amended 08/2023)) | 1 | |
| Narya Capital, GP I, LLC | Pursuant to agreement between Party and me, I am entitled to 60% of the net fee proceeds. (02/2020 (amended 08/2023)) | 2 | |
| Narya Capital, GP I, LLC | Pursuant to agreement between Party and me, I am entitled to $525,000 in Management Fee Set Off Contribution. (02/2020 (amended 08/2023)) | 3 | |
| Rise of the Rest Seed Fund AIV GP, LLC | Pursuant to agreement between Party and me, I am entitled to 15 basis points of the 20% carried interest received by this entity. (11/2017 (amended 04/2019)) | 4 | |
| Promissory Note - Narya Capital Management, LLC | Pursuant to a promissory note, I am entitled to principal and interest payments through December 31, 2028 unless repaid earlier. (Note: This agreement was inadvertently characterized as a capital gain interest in Part 6, Line 12 of the Candidate report.) (01/2023 (amended 08/2023)) | 5 |
Spouse’s Assets
Officials are required to disclose their spouse’s assets, including salary and retirement accounts worth more than $1,000. (Form 278e, Part 5)
| Description | Value | Income | Income Type | Endnote | Line No. |
|---|---|---|---|---|---|
| Munger, Tolles & Olson | Salary | 1 | |||
| Fidelity Traditional IRA | 2 | ||||
| Fidelity Investments money market account | $100K - $250K | None (or less than $201) | 2.1 | ||
| Fidelity Roth IRA | 3 | ||||
| Fidelity Investments brokerage sweep account | $1,001 - $15,000 | None (or less than $201) | 3.1 | ||
| SPY - SPDR S&P 500 | $15,001 - $50,000 | None (or less than $201) | 3.2 |
Other Assets and Income
Officials are required to disclose other assets and sources of investment income belonging to them, their spouse or their dependent children. These include annuities, bonds, cash, college savings plans, farms, precious metals, real estate, stocks, trusts and wills. (Form 278e, Part 6)
| Description | Value | Income | Income Type | Endnote | Line No. |
|---|---|---|---|---|---|
| Ohio's 529 College Advantage - Child 1 | 1 | ||||
| Vanguard Ohio Target Enrollment 2034/2035 Portfolio | $15,001 - $50,000 | 1.1 | |||
| Ohio's 529 College Advantage - Child 2 | 2 | ||||
| Vanguard Ohio Target Enrollment 2040 Portfolio | $1,001 - $15,000 | 2.1 | |||
| Ohio's 529 College Advantage - Child 3 | 3 | ||||
| Fifth Third Bank Savings Account | $15,001 - $50,000 | 3.1 | |||
| Charles Schwab Brokerage Account #1 | 4 | ||||
| QQQ - Invesco QQQ Trust, Series 1 | $1M - $5M | $2,501 - $5,000 | 4.1 | ||
| TLT - iShares 20+ Year Treasury Bond | $100K - $250K | $5,001 - $15,000 | 4.2 | ||
| DIA - SPDR Dow Jones Indus. Avg. ETF | $500K - $1M | $5,001 - $15,000 | 4.3 | ||
| SPY - SPDR S&P 500 | $1M - $5M | 4.4 | |||
| GLD - SPDR Gold Trust | $201 - $1,000 | 4.5 | |||
| Charles Schwab (cash) | $100K - $250K | $201 - $1,000 | 5 | ||
| Coinbase account | 6 | ||||
| Bitcoin | $250K - $500K | 6.1 | |||
| Real Estate, residential (Washington, DC) | $500K - $1M | $15,001 - $50,000 | Rental Income | 7 | |
| Real Estate, commercial (Jackson, KY) (Note: This property was inadvertently omitted from the Candidate report.) | $50,001 - $100K | 8 | |||
| Real Estate, residential (Middletown, OH) (Note: This property was inadvertently omitted from the Candidate report.) | $50,001 - $100K | 9 | |||
| USAA Checking Accounts | $1,001 - $15,000 | Interest | 10 | ||
| Marcus by Goldman Sachs Savings Account | $100K - $250K | $15,001 - $50,000 | Interest | 11 | |
| Promissory Note - Narya Capital Management, LLC (Note: This interest was previously mischaracterized as an equity holding and capital gain in Part 6, Line 12 of the Candidate report.) | $1M - $5M | $100K - $1M | Interest | 12 |
Transactions
Officials are required to disclose the purchase, sale or exchange of property or securities in excess of $1,000. Many top officials are required to file periodic transaction reports (278-T) within 45 days to disclose additional actions. This table combines transactions from regularly scheduled financial disclosures and periodic transaction reports. If the same transaction appears on multiple reports, we’re only showing it once. (Form 278e, Part 7 and Form 278-T)
| Description | Value | Transaction | Endnote | Line No. |
|---|---|---|---|---|
| Vanguard Target Retirement 2050 Fund (VFIFX) | $100K - $250K | sale, 2024-08-29
 | 1 |
Liabilities
Officials are required to disclose their liabilities totaling more than $10,000, as well as any linked to their spouse or dependent children. These include mortgages, credit card debt and student loans. The interest rates and loan repayment terms are also required. (Form 278e, Part 8)
About the Data
Most political appointees and senior officials in the executive branch are required by law to file public financial disclosure reports. These are documents that detail their financial holdings, positions they hold outside government, their spouse’s holdings, their liabilities and their recent financial transactions (such as buying or selling stock) during a defined reporting period.
The most senior officials file their disclosures with an agency called the Office of Government Ethics, and others file them with a designated ethics official within their agency. The Ethics in Government Act allows members of the public and the press to request these documents.
We’re publishing this information to give the public an important glimpse into the financial ties of a powerful and often hidden cadre of presidential appointees within the federal bureaucracy.
The main document type included in the database is the OGE Form 278e, which appointees must file when they are nominated (for Senate-confirmed appointees) or when they enter government (all others), and then annually while in the position. Another common document included is the OGE Form 278-T, also known as a periodic transaction report, which all public filers must submit within 30 days of a transaction. We are also making other ethics documents available, such as ethics agreements, certificates of divestiture and other documents we have obtained under the Ethics in Government Act.
Join us on Wednesday, April 8 for a walkthrough of ProPublica's new database of financial disclosures from Trump appointees and any potential conflicts they reveal. Register here.
