Both Senatorial Campaign Committees Off Track for Start of 2014
Posted at 3:37 p.m. on Nov. 22, 2013
Without explosive fundraising in November and December, both national party Senatorial campaign committees will start 2014 with smaller war chests than at the start of the 2012 election year.
At the start of 2012, the Democratic Senatorial Campaign Committee had $12.2 million cash on hand and no debts. The report filed this week, covering through the end of October, shows they have $11.1 million cash on hand, but $6.25 million in debts. At their current rate of fundraising, they will probably have more cash on hand at the beginning of 2014 than they did in January 2012, but their net war chest balance, taking into account their debts, will be lower than it was in January 2012.
At the start of 2012, the National Republican Senatorial Committee had $11.5 million cash on hand and no debts. The report filed this week, covering through the end of October, shows they have $5 million cash on hand and no debts.
The Democratic Senatorial Campaign Committee reported receipts of $4,873,125 and disbursements of $3,830,676 in October, leaving $11,073,955 cash on hand as of 10/31, with debts of $6.25 million. During the month the committee repaid $1.25 million in loans from Bank of America. Selected donors giving $32,400 each included Anthony Hsieh (CEO, Zappos.com, NV); Leslie M. Saionitz (philanthropist, FL); Jerome Simon (hedge fund manager, CA); and Joshua L. Steiner (co-president, Quadrangle Group LLC, NY); among others.
The National Republican Senatorial Committee reported receipts of $3,804,342 and disbursements of $2,214,774 in October, leaving $5,007,573 cash on hand as of 10/31, and no debts. Selected donors giving $32,400 each included A. James Clark (CEO, Clark Enterprises, MD); Raymond Debbane (CEO, Invus Group LLC, CT); Norman P. McClelland (executive, Shamrock Foods Company, AZ); W. Kent McClelland (CEO, Shamrock Foods Company, AZ); and L. Francis Rooney III (CEO, Rooney Holdings, FL); among others.