New Stable of Wealthy Donors Fueled Obama Campaign’s Record Fund-Raising Quarter
By NICHOLAS CONFESSORE
NYT
President Obama recruited roughly 150 new elite donors, raising as much as a half a million dollars each, to help propel him to a large and early lead over his Republican opponents in the race for campaign cash, according to campaign filings released last week.
The new fund-raisers, including Silicon Valley executives, people active in gay rights causes and onetime supporters of Hillary Rodham Clinton, dominate the list of top donors that Mr. Obama’s campaign released on Friday, according to an analysis by The New York Times. Known as bundlers, they are typically deep-pocketed supporters who tap friends and business associates to raise money for candidates.
Their presence, along with the names of more than 100 veterans of Mr. Obama’s formidable 2008 fund-raising operation, suggests that the president and his aides have moved quickly to replenish the ranks of top fund-raisers as he prepares for an onslaught of advertising next year mounted by independent groups in support of his Republican opponent.
More than half a million people have donated to the president’s campaign or his joint fund with the Democratic National Committee since Mr. Obama formally entered the race in April, and the two accounts gained a combined record-breaking $86 million for the campaign by the end of June. But Mr. Obama’s bundlers — 271 in all — accounted for at least 40 percent of the total, according to the campaign’s estimates.
(More here.)
NYT
President Obama recruited roughly 150 new elite donors, raising as much as a half a million dollars each, to help propel him to a large and early lead over his Republican opponents in the race for campaign cash, according to campaign filings released last week.
The new fund-raisers, including Silicon Valley executives, people active in gay rights causes and onetime supporters of Hillary Rodham Clinton, dominate the list of top donors that Mr. Obama’s campaign released on Friday, according to an analysis by The New York Times. Known as bundlers, they are typically deep-pocketed supporters who tap friends and business associates to raise money for candidates.
Their presence, along with the names of more than 100 veterans of Mr. Obama’s formidable 2008 fund-raising operation, suggests that the president and his aides have moved quickly to replenish the ranks of top fund-raisers as he prepares for an onslaught of advertising next year mounted by independent groups in support of his Republican opponent.
More than half a million people have donated to the president’s campaign or his joint fund with the Democratic National Committee since Mr. Obama formally entered the race in April, and the two accounts gained a combined record-breaking $86 million for the campaign by the end of June. But Mr. Obama’s bundlers — 271 in all — accounted for at least 40 percent of the total, according to the campaign’s estimates.
(More here.)
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