News

Romney leads in local March fundraising

Click on chart to enlarge.

By Dave Boyce

Almanac Staff Writer

Donors in March contributed $163,100 to presidential campaigns from ZIP codes in the Almanac's circulation area. But unlike the donation totals reported in April that covered the previous year or so, this time the advantage went to the Republican candidate, according to the Center for Responsive Politics, which tracks money in politics.

Former Gov. Mitt Romney lapped his opponent, raising $107,600 in March to President Barack Obama's $51,000. Mr. Romney enjoyed a significant lead in each of the Almanac's four communities -- Atherton, Menlo Park, Portola Valley and Woodside -- according to OpenSecrets.org, the website of the Center for Responsive Politics in Washington, D.C.

Mr. Obama is still ahead overall, raising $853,992 since the start of fundraising for this election cycle, while Mr. Romney took in $506,990.

For the month of March, Mr. Obama led with 73 donors versus Mr. Romney's 61, but Mr. Romney won easily on the size of the gifts. Thirty donors gave Mr. Romney the maximum $2,500 compared to five for Mr. Obama, the report showed.

Under the law, individuals are limited to donations of $2,500 per campaign for each election. Since there are two elections this year -- the primary in June and the general in the November -- an individual's total gift can reach $5,000.

Comments

 +   Like this comment
Posted by Oops, There Goes the Democracy
a resident of Atherton: Lindenwood
on May 2, 2012 at 1:40 pm

It would be useful for the reporter to note that candidate Romney held a local fundraising event during the reporting period, while President Obama did not. Citing the total contributions for each helps, but does not really address the main reason for the disparity.


 +   Like this comment
Posted by Jenny K
a resident of Menlo Park: Menlo Oaks
on May 2, 2012 at 1:58 pm

Does this include 501(c)(4) donations? They will dwarf the contributions to the actual campaigns. What about the actual parties - RNC and DNC contributions?


 +   Like this comment
Posted by Matt
a resident of Menlo Park: Suburban Park/Lorelei Manor/Flood Park Triangle
on May 3, 2012 at 10:37 am

Jenny K:

No, Super Pacs are not required to disclose. For example, Rove's American Crossroads/Crossroads GPS has a goal of $250 million, is a third of the way there, and reportedly has had only 4 or 5 major donors.

No transparency.

Clear as mud.

"American Crossroads GPS, the group co-founded by Karl Rove in 2010, has been fueled by massive donations since its inception, according to recently released tax documents.

The group's tax filings reveal mostly large donations, coming from either wealthy individuals or corporations. Since the group's inception, 24 donations of over $1 million have accounted for 87 percent of its total fundraising.

Only donations of more than $5,000 are disclosed to the IRS, but among those the average value has nearly equaled $800,000. In its most recent tax documents, dating back to last June, GPS's largest donation amounted to $10 million; the second largest, $4.3 million. The group has taken 12 donations of more than $2 million and two donations of $10 million or more since its founding.

The group has raised at least $76.8 million in total.

Crossroads GPS does not disclose its donors, making it difficult or impossible to know where the money came from. The group released its tax filings to reporters on Tuesday."

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