Roll Call: Latest News on Capitol Hill, Congress, Politics and Elections
November 23, 2014

DNC Raises $5.8 Million in May, Warren Buffet Gives $32K

The Democratic National Committee had another $5-6 million fundraising month in May, but still not the $10+ million that could help them more quickly pay down their outstanding vendor debts and bank loans. In the Spring of 2011 they raised $10+ million in each of April, and May, and June.

The Democratic National Committee reported raising $5,864,29 and spending $5,219,488 during May, leaving $6,037,140 cash on hand as of 5/31, and debts of $19.8 million. The debts include $13.5 in banks loans and $6.3 million owed to vendors. The committee raised $1.8 million from small donors of $200 or less. The committee itemized $3.8 million in individual contributions. Most of the itemized contributions were from New York and California.

Selected major donors include Alicia Underwood (pharmacist, AC Underwood Associates, CT) $81,000; Warren Buffett (chairman & CEO, Berkshire Hathaway, NE) $32,400; Tommy Hilfinger (principal designer, Tommy Hilfinger USA, CT) $32,400; Nelson Rising (partner, Maguire Woods, CA) and Sharon $64,800; Paul Jones (chairman & CEO, Tudor Investment Corp., CT) and Sonia $50,000; Alexander Soros (student, NY) $20,000; Uma Thurman (actress, NY) $32,400; and Susan Saint James (actress, CA) $32,400; among others.

The committee made a $750,000 loan repayment to Amalgamated Bank of New York and transferred $363,700 to other committees, such as state party committees. The committee spent $762,769 on direct mail; $489,816 on payroll, and $276,053 on telemarketing. The committee refunded $42,150 to Amarilis Osorio and Maria Alvarez De Moran.

Comments (0)

No comments just yet.

Sign In

Forgot password?



Receive daily coverage of the people, politics and personality of Capitol Hill.

Subscription | Free Trial

Logging you in. One moment, please...