Big Checks Strengthen Super PACs
Posted at 11:39 a.m. on July 16
Super PACs collect contributions in unlimited amounts for making independent expenditures, and new disclosure reports show some donors are willing to write a check for a quarter of a million dollars, or more.
American Bridge 21st Century, a Democratic-oriented super PAC reported the following major donors: Mark Heising, investor, Medley Partners Management CA), $500,000; Ann Earhart, investor (CA) $400,000; Susie Buell, retired (CA) $250,000; Amy Fowler, author (NY) $250,000; and Phillip Ragon, founder, InterSystems (MA) $250,000.
Friends of Democracy, a Democratic-oriented super PAC reported receiving $500,000 from Jonathan Soros, CEO, JS Capital Management LLC (NY).
Americans for Common Sense, a Republican-oriented super PAC, reported receiving $500,000 from Angelo Tsakopoulos, chairman, AKT Development (CA).
Character Counts PAC, a Republican-oriented super PAC, reported receiving $322,000 from Gary Davis, president, AAT Carriers(TN).
Americans for Responsible Solutions PAC, a super PAC formed by former Rep. Gabrielle Giffords, D-Ariz., reported receiving $250,000 from Kelly Dale, homemaker (CA). They also received $100,000 from Louis Bacon, CEO of Moore Capital Management (NY).
West Main Street Values PAC, a Republican-oriented super PAC, reported receiving $250,000 from Michael Bloomberg, president of Bloomberg Inc. (NY).
Americans for a Better Future, a super PAC started by Nick Morris, a real estate broker in Monmouth, New Jersey, with a $330,000 contribution on March 26, 2014, from Morris, reported refunding the $330,000 to Morris on April 1st.
Other super PACs reported $100,000 donations, for example:
Kentuckians for Strong Leadership, a Republican-oriented super PAC, received $100,000 from Sam Fox, chairman and CEO of the Harbour Group (MO).
The Congressional Leadership Fund, a Republican-oriented super PAC, reported receiving $100,00 from James Davis, chairman of New Balance Shoe Inc. (MA), and $100,000 from the Poarch Band of Creek Indians.
Virginia Progress, a Democratic-oriented super PAC, reported receiving $100,000 from David Mixer, consultant, Middleland Capital (RI), and $100,000 from Eric Schmidt, executive chairman, Google Inc. (CA).