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Posts in "Donors"
July 16, 2014
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).
July 15, 2014
The Republican Governors Association, a Section 527 political organization, reported it raised $24.1 million and spent $15.6 million during the second quarter of 2014.
Major donors included David Koch, executive VP, Koch Industries (NY) $2.5 million; Sheldon Adelson, CEO, Las Vegas Sands Corp. (NV) $2.5 million; and Ken Griffin, CEO, Citadel Group (IL) $1.5 million.
Other top donors were Paul Singer, founder, Elliott Management (NY) $750,000; Exxon Mobil Corporation (TX) $500,000; John Paulson, president, Paulson & Co. (NY) $500,000; Marcus Hiles, CEO, WRPS Homes (TX) $500,000; Devon Energy Production Company (OK) $500,000; AstraZeneca (DE) $350,000; Jack Taylor, founder, Enterprise Holdings (MO) $300,000; Duke Energy (NC) $275,000; Rex Sinquefield, retired (MO) $250,000; Leslie and Richard Gillam, Cumberland Development Co. (VA) $250,000; Comcast Corp. (PA) $250,000; Full story
The Democratic Governors Association, a Section 527 political organization, reported raising $13.8 million and spending $12.1 million, during the second quarter of 2014.
Major donors included $1,360,000 from the NEA Advocacy Fund (DC) $900,000 from the American Federation of Teachers AFT (DC); $750,000 from AFSCME (DC); $450,000 from the United Food Commercial Workers Intl. Union; $300,000 from SEIU IPEA (DC); $325,000 AstraZeneca Pharmaceuticals (AZ); $250,000 from Pfizer Inc. (OH); $250,000 from United Healthcare Services Inc.; $250,000 from SEIU Michigan State Council (MI); $150,000 from PhRMA (DC); and $150,000 from the International Union of Painters Allied Trades (DC).
The following donors gave $100,000 each: Full story
July 14, 2014
Former Vice-Presidential nominee Sarah Palin is covering her ongoing political expenses with the help of retirees and others providing small donations to her PAC.
Sarah PAC, the political action committee of Sarah Palin, the former Republican nominee for Vice President in 2008, reported it had receipts of $460,648 and disbursements of $576,242 during the second quarter of 2014, leaving $970,939 cash on hand as of June 30th.
The PAC receipts included $335,408 from individuals contributing $200 or less. Of the $123,548 from 521 individuals giving more than $200, over 250 of them were listed as “retired.” Of the those itemized contributions, $27,426 came from California, and $15,261 came from Texas.
The PAC spent Full story
July 9, 2014
Corrected, 10:30 a.m. | 2012 vice presidential nominee Rep. Paul D. Ryan has had the time and opportunity to methodically meet and greet the top financial donors of the Republican Party around the country – and collect almost $7 million dollars in campaign contributions.
Ryan for Congress reported it had receipts of $1,611,280 during the second quarter of 2014. This brings the Wisconsin Republican’s election cycle total receipts to $6.95 million.
During the quarter, Ryan’s committee received over $1 million in direct contributions from individuals – with many from the financial services industry, $432,740 from PACs and other committees, and $156,596 from transfers in from joint fundraising efforts with this leadership PAC and his Ryan-NRCC Victory Committee. The committee spent $1,783,118 during the quarter, and has cash on hand of $3,835,558, and debts of $6,525, as of June 30th.
One June 16th, and prior to the close of books for the second quarter, the committee sent $1 million in excess funds to the National Republican Congressional Committee. It was also five days after Rep. Eric Cantor, R-Va., announced he would resign as House Majority Leader.
Donors included Full story
June 30, 2014
President Obama has selected a former CEO of Procter & Gamble Company and financial supporter of Sen. Rob Portman, R-Ohio, to be the next Secretary of the Department of Veterans Affairs.
Obama selected Robert McDonald, who retired from Procter and Gamble in 2013, to fill the position left vacant by the resignation of former four-star General Eric Shinseki.
McDonald, 61, a West Point graduate and five-year Army veteran, has not been a regular Republican donor over the years, but he and his wife have given to Sen. Rob Portman. On January 13, 2012, McDonald and his wife, Diane, each gave $5,000 to Portman’s leadership PAC, Promoting Our Republican Team PAC. McDonald also gave $2,400 to Portman for Senate in 2009, and $1,000 in October 2013.
In February 2014, McDonald gave $500 to Rep. Steve Daines, R-Mont.
June 26, 2014
A millionaire, who self-financed most of his congressional campaign, was sworn in yesterday as the newest member of Congress.
Curt Clawson, R-Fla., who was elected Tuesday in a special election in Florida’s 19th Congressional District, was sworn in by Speaker John Boehner, R-Ohio.
Clawson fills the seat formerly held by Rep. Trey Radel, who resigned in January after a conviction for cocaine possession.
Through June 4th, Clawson reported receipts of $3,988,149 and disbursements of $3,699,679, leaving $288,470 cash on hand, and outstanding loans of $3,650,000. Clawson loaned $3,650,000 to his campaign. Individuals contributed $326,746.
June 24, 2014
The flow of money into politics continues with a steady stream of large contributions from millionaires and wealthy donors.
Recent financial reports from Super PACs, showing May activity, disclose several large contributions. For example, American Crossroads, a Republican-oriented Super PAC reported receiving $1 million from Paul Singer, President and CEO of Elliott Management Group (NY); $200,000 from Ruben Martin, President and CEO of Martin Resource Management Corporation (TX); $100,000 from James MacDougald, chairman of Westshore Ventures (FL); and $100,000 from Geoff Palmer, owner, G.H. Palmer Associates (CA). The Super PAC had receipts o $1.66 million during May, and has $4.6 million cash on hand as of May 31st.
The House Majority PAC, a Democratic-oriented super PAC, received $1 million from Fred Eychaner, CEO of Newsweb Corporation (IL); $300,000 from Jon Stryker, architect (MI); $100,000 from the American Federation of State County and Municipal Employees (DC); $100,000 from the UAW Education Fund (MI); $100,000 from the National Air Traffic Controllers Association PAC; and $100,000 from the United Food & Commercial Workers International Union Active Ballot Club(DC).
The Senate Majority PAC, a Democratic-oriented Super PAC, reported receipts of over $2 million during May Full story
June 20, 2014
A U.S. Representative must repay $59,000 to those who provided improper gifts, as well as be reproved by the House Ethics Committee.
The House Ethics Committee released a report on Rep. Don Young, R-Alaska, stating that in regard to fifteen trips and certain gifts, (1) Young violated House rules, and other laws and standards of conduct, (2) Young failed to report certain gifts, (3) Young must repay the $59,064 value of those trips and gifts, (4) Young must amend his personal financial disclosure report to show the gifts, and (5) Young should be reproved for his conduct with respect to his personal use of campaign funds, his acceptance of improper gifts, and his failure to report certain gifts.
Roll Call’s Matt Fuller recaps the report in his article, Don Young Broke House Rules, Ethics Committee Says.
The campaign finance records of the newly elected House Majority Leader and Majority Whip provide a wealth of data on who already has connections into the two new leaders.
Rep. Kevin McCarthy, R-Calif., has raised over $12.5 million in campaign funds for his principal campaign committee since 2006. The $4.9 million in contributions from individuals is easily searchable by donor name, employer, state, or date, on McCarthy’s multi-year financial profile with a subscription to Political MoneyLine’s databases.
McCarthy’s $6.6 million in receipts from PACs and other committees is also searchable by interest group category, such as Finance & Insurance, which has been his largest industry category over the years.
The records of McCarthy’s leadership PAC, the Majority Committee PAC, also show connections with donors around the country. The committee had almost $5 million in receipts since 2006. His personal wealth and income statements also are available.
Rep. Steve Scalise, R-La., has raised Full story
Several political action committees of major companies, unions, and issue groups reported their highest levels of monthly giving this cycle for contributions to candidates and political committees.
With primaries underway, some general election candidates already identified, and Congress still in session, several PACs reported May was their largest month for giving this cycle. PACs filing monthly disclosure reports must file on or before June 20th.
The NEA Fund for Children and Public Education gave out $307,500 during May, their largest giving month this cycle. From January 1, 2013 through May 2014, they had receipts of $2,898,671 leaving $1,752,357 cash on hand. About 86% of their contributions go to Democrats. This percentage includes contributions to candidates, leadership PACs, national party committees, and other party-related committees.
The Exxon Mobil Corporation PAC gave $281,250. This cycle they raised $1,375,529, and have $587,706 cash on hand. About 83% of their contributions go to Republicans.
The Home Depot Inc. PAC gave out $280,500. This cycle they raised $2,203,291. They give about 75% of their contributions to Republicans.
The PAC of the Credit Union National Association gave out $229,000. This cycle they raised $3,035,732. They give about 52% of their contributions to Democrats.
The Club for Growth PAC gave out $214,437 during May. This cycle they raised $1,576,145. They give 100% of their contributions to Republicans.
The United Parcel Service Inc. PAC gave out $206,450 during May. This cycle they have raised $2,751,37 and have $759,943 cash on hand. They give about 66% of their contributions to Republicans.
Other PACs that gave out a large amount of contributions in May, but had given out a larger monthly amount earlier in the cycle, include: Full story
June 16, 2014
Update 4:10pm A Republican Super PAC has spent over $500,000 opposing a New York tea party candidate in the June 24th Republican primary.
The American Unity PAC, a Republican-oriented Super PAC, reported it spent $559,516 opposing state assemblywoman Claudia Tenney, R-N.Y., a tea party candidate in the 22nd Congressional District of New York. Tenney is running against Rep. Richard Hanna, R-N.Y., in the June 24th Republican primary. During the period April 1 through June 4th, the PAC raised $412,545 and sent $835,497, with $2,353,444 in cash on hand as of June 4th.
The major donor to the Super PAC was Cliff Asness, a financial theorist and co-founder of AQR Capital Management, in Greenwich, Connecticut. Asness contributed $300,000 on May 20th.
Paul Singer, founder and CEO of Elliott Management Corporation (NY), gave $6,514. Earlier in the 2013-2014 cycle Singer gave $2,155,735 to the American Unity PAC.
The PAC spent $559,516 on Full story
June 13, 2014
Two New York billionaires have each sent a $250,000 contribution to a Mississippi super PAC supporting Sen. Thad Cochran.
Former New York City Mayor Michael Bloomberg, the billionaire owner of Bloomberg LP, and Sean Parker, co-founder of Napster, have each contributed $250,000 to Mississippi Conservatives, a super PAC supporting the Mississippi senator in his Republican primary runoff.
The Mississippi Conservatives reported receipts of $1,280,000 and disbursements of $1,358,225 for the period May 15 through June 4, leaving $54,375 cash on hand as of June 4.
The major donors included Michael Bloomberg (executive, Bloomberg Inc.) $250,000; Sean Parker (entrepreneur, NY) $250,000; John Nau (president and CEO, Silver Eagle Distributors LP, TX) $100,000; and Joe Sanderson (chairman and CEO, Sanderson Farms, MS) $100,000; among others.
The super PAC also received: Full story
June 12, 2014
A conservative Super PAC has reported spending over $300,000 on media ads against Senate Majority Whip Richard Durbin, D-Ill., who is up for re-election this year.
Americas PAC reported it had receipts of $400,000 and disbursement of $383,596 between April 1st and June 4th. The PAC has $22,202 cash on hand as of June 4th.
The only donor during this period to the Super PAC was Richard Uihlein, CEO of Uline Corporation, an Illinois distributor of shipping and packaging materials. Uihlein contributed $400,000 on April 15th. In March, he gave $50,000.
From April through June 4th, the PAC reported Full story
June 11, 2014
The House Ethics Committee announced that it was continuing an investigation of Rep. Steven Stockman, R-Texas, for obtaining illegal campaign contributions from his congressional staff.
The House Ethics Committee announced their move as it released the report from its Office of Congressional Ethics, which concluded the following:
(1) that there is a substantial reason to believe that Rep. Stockman conspired to accept contributions to his congressional campaign committee from individuals who were prohibited from contributing to his campaign because they were employed by his congressional office at the time the contributions were made in violation of federal law and House rules.
(2) that there is a substantial reason to believe that Rep. Stockman made false statements and endeavored to impede the OCE inquiry when he filed Payroll Authorization Forms with the House Office of Payroll and Benefits in December 2013, purporting to document the termination of Mr. Posey and Mr. Dodd from his congressional staff on February 12, 2013, and their rehiring on February 13th.
(3) that there is substantial reason to believe that Full story