It provides strategic, technical and financial support to openly gay, lesbian, bisexual, transgender, and queer candidates and officials across the United States running for all levels of government.

The categories are: "Game Changer," designating candidates who can become historic firsts and directly impact LGBTQ+ representation in the highest levels of government.

Additionally, the Victory Campaign Board is elected to recruit and endorse candidates, as well as provide financial resources.

Victory has helped elect several hundred out LGBTQ+ candidates to Congress, state legislatures, school boards and city councils.

[4] LGBTQ+ Victory Fund endorses dozens of out LGBTQ+ candidates each year, increasing exposure to potential donors and providing both strategic and material support.

Past endorsees include Tammy Baldwin,[11] Barney Frank,[12] Sean Patrick Maloney,[13] David Cicilline,[14] Lupe Valdez,[15] Victoria Kolakowski,[16] Patricia Todd[17] and Virginia Linder.

[32] In 2022, Becca Balint won her primary[33] in part with $1 million from the Victory Fund, "putting her on a path to become" Vermont's first Congresswoman.

[34] After the primaries, LGBTQ+ Victory Fund made 16 endorsements in congressional elections to expand LGBTQ+ representation in Congress by eight seats or approximately six million people.

Its most prominent is the International LGBTQ+ Leaders Conference hosted annually between November and December, bringing LGBTQ+ elected officials from around the world for a weekend of panels, speakers, and receptions.

[39] The Political Appointments Program works with LGBTQ+ leaders and pro-equality presidential administrations to ensure qualified LGBTQ+ representation in all agencies and levels.

Robert Turner, head of the D.C. Chapter of the Log Cabin Republicans wrote an op-ed for the Washington Blade criticizing the then-Gay & Lesbian Victory Fund's pro-choice litmus test as harmful to its goal of electing LGBT candidates.

[43] The Victory Fund, however, has said that its vision of the "Right to Privacy" can be as conservative as supporting abortion only in cases of rape and incest.

[44] LGBTQ+ Victory Fund refused to endorse Carl DeMaio, a gay Republican who ran for the House of Representatives in California.

[47] In the 2022 United States House of Representatives election in New York's third congressional district, LGBTQ+ Victory Fund and Human Rights Campaign endorsed Democrat Robert Zimmerman over Republican nominee George Santos, in the first congressional race where both candidates were openly gay.