Releases on Second Quarter 2011 Fundraising
This was the first quarter in which most campaigns were actively engaged in fundraising.  Some of the campaigns provided early summaries or glimpses, while others waited until the July 15, 2011 FEC filing deadline to announce their results, reprinted below in order received (oldest at bottom; the parties also threw in their critiques).  See table.

For Immediate Release: July 14, 2011 [ed. rec'd July 15 p.m.]

Contact: Gary Howard
Ron Paul Campaign Reports $4 Million Cash Available
Donations mainly from a legion of small donors

LAKE JACKSON, Texas – Today, the campaign of 2012 Republican presidential candidate Ron Paul released fundraising totals from its second quarter FEC report. The presidential campaign pulled in $4.518 million for the quarter. With $2.97 million on hand, added to a transferable $1.05 million from Paul’s Congressional campaign committee, it can report $4 million cash on hand in donations, which have come in mainly from a legion of small donors.

“Our campaign has a broad base of small donors who are energized by Dr. Paul’s message of limited government and individual liberty,” said Jesse Benton, Ron Paul 2012 campaign chairman. “And unlike other candidates in this race, none of these contributions are for the general election, meaning they can all be put toward the nomination process.”

For more information on Congressman Ron Paul’s Presidential Campaign, visit www.RonPaul2012.com.

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For Immediate Release
July 15, 2011
Contact: Alice Stewart

Bachmann for President Announces $4.2 Million at End of 2nd Quarter

Alexandria, Va. - Republican presidential candidate Michele Bachmann announced today the campaign is reporting more than $4.2 million at the end of the 2nd quarter Federal Election Commission filing period. The following is a breakdown of the numbers as of June 30, 2011:
  • Total contributions: more than $4.2 million
  • Number of contributions: more than 88,000
  • Average contribution: roughly $48.00
  • Cash on Hand: more than $3.6 million
"Having gotten into the race a little over a month ago, we are pleased with the progress of our fundraising numbers," Congresswoman Bachmann said. "I am especially proud of our grassroots fundraising efforts which indicate we are receiving the bulk of our contributions from the average hard-working American. We are just now starting to reach out to major donors and look forward to a successful 3rd quarter fundraising effort."

The Bachmann for President campaign is launching an aggressive major donor program with their newly formed finance team comprised of the following fundraising veterans:
  • Guy Short - Senior Advisor / Finance - Guy served as Michele Bachmann's general consultant in 2010, helping her raise a record $13.5 million dollars. Other recent clients have included Christine O'Donnell for Senate and Todd Akin for Senate, as well as Susan B Anthony List and Independent Women's Voice. He has also served as Vice President of Wiland Direct, a political direct marketing firm and was previously Chief of Staff to Congresswoman Marilyn Musgrave from 2003-2008.
  • Mary Heitman – National Finance Director - Mary is known as one of the GOP's top fundraisers, having raised money for Republican leaders Governor Haley Barbour, Governor Mitch Daniels and Majority Leader Eric Cantor. She has 20 years of federal and state fundraising experience, having most recently served as Finance Director for the Republican National Committee.
  • Jody Thomas - National Finance Director – Jody managed the national political finance operation for Congressman J.C.Watts, overseeing all campaign and Political Action Committee fundraising. Since then, she has become a nationally recognized fundraiser for various conservative campaigns and issues.

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July 15, 2011

Pawlenty campaign reports $2 million in bank; $4.5 million raised

 

MINNEAPOLIS – Governor Pawlenty’s presidential campaign in total raised about $4.5 million and has over $2 million cash-on-hand at the end of the second quarter, according to financial disclosures to be filed with the Federal Election Commission today. 

 

Those totals include about $610,000 in general-election donations and put the Pawlenty campaign in a stronger financial position than the Republican winners of the Iowa caucuses and New Hampshire primary in 2008 at this stage.

 

In addition to filing second-quarter disclosures with the FEC, the Pawlenty campaign is also announcing seven new national finance co-chairmen today:

 

·      Dave Frauenshuh, Minnesota

·      Russ Gerson, New York

·      Phil Handy, Florida

·      Tom Hicks, Texas

·      Ken Moelis, New York & California

·      Joe Schmuckler, New York

·      Ray Washburne, Texas

 

“I am honored to have such a diverse and proven group of Republican leaders and fundraisers leading our finance efforts,” Gov. Pawlenty said.  “My campaign is raising the resources we need to execute our strategy in the early states of Iowa and New Hampshire and beyond. I am thankful to the thousands of donors from every state in the country who are rallying behind me and have worked hard to build a solid financial foundation for my campaign.”

  

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July 15, 2011
Santorum Off To Solid Fundraising Start

Verona, PA - Former Senator Rick Santorum (R-PA) announced today his fundraising totals as a candidate for President of the United States.  Senator Santorum, who announced for president just three weeks before the end of the fundraising quarter, raised $582,348 and his political action committee, America's Foundation, raised $489,866 in the first half of 2011.  In total, Senator Santorum's efforts raised over $1 million. 

 

"In the short amount of time since Senator Santorum has been a candidate for president, he was able to raise a significant amount of resources.  It is worth noting that Senator Santorum didn't hold his first official fundraiser until June 22, and between that day and June 30, he raised nearly half of the money he raised as an official presidential candidate," said Amanda Kornegay, finance director for Rick Santorum for President.

 

"Since announcing for president on June 6, Senator Santorum has seen success in many ways. In addition to raising more than a half million dollars in three weeks, Senator Santorum's has earned significant endorsements in the early voting states of Iowa, New Hampshire and South Carolina, has had several straw poll victories and had commanding performances in the first two debates," said Mike Biundo, national political director for Rick Santorum for President.  "Senator Santorum's commitment to visiting the early states more than any other candidate is paying off." 

 

Senator Santorum's presidential committee will report over $229,000 cash on hand and has no debt. 


To learn more about former Senator Rick Santorum, please visit www.RickSantorum.com.

                                               

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July 13, 2011
Transcript of Obama for America Video "Q2 Fundraising Results"

Jim Messina: Hi everyone, it's Jim Messina.  Our campaign's first Federal Election Commission report is due on Friday.  Before we release it we wanted to give you the news first.  This report is about how much we spent, how much we raised, and who we raised it from.  There's a lot of Washington chatter about this report, mostly focused on how much we raised overall, and we'll get to that number, but this report is really more about what kind of organization we're building, who is funding that organization and what we're doing with all the money you've been giving.  So let's get into it.

Organizing.  We've been reaching out to supporters in all 50 states to re-connect and to get new supporters on board for 2012.  More than 31,000 face to face meetings and more that 290,000 conversations so far. 

Small groups have been developing local organizing plans at grassroots planning session—nearly 650 sessions so far with dozens more on line.

As for the rest of the summer, our Summer Organizers program to train first time community organizers is going across the country in all 50 states.  And this Saturday we'll have a major day of action across the country to register voters, to bring new people into the political process.  So please join us.

So here's how your contributions are helping us as we ramp up the campaign.  The most concrete example are field offices.  We have already 60 up around the country with many more on the way.  Here's what our budgets going to look like in the next few months.  Your early support means we can make more investments now, giving our organizers more time to build relationships on the ground, reach more people, and recruit more volunteers.

So how are we going to make all this happen?  Our campaign is based on two organizations. 

The first is Obama for America, the same grassroots political organization founded by the President in early 2007 whose sole mission is to win the election in 2012 for Barack Obama and Joe Biden.

The Democratic National Committee is the national party.  They obviously share our goals, but they also have a broad goal of electing Democrats up and down the ballot in partnership with all the state parties and holding the folks on the Republican side accountable.  We work closely with the DNC to make sure our goals are aligned, so we formed a joint fundraising committee with the DNC called the Obama Victory Fund.  It's mostly focused on big events, so if you go to one of these big events around the country, the proceeds are split between the DNC and the campaign, as are the expenses.

Now let's look at what we all did together in the first quarter [ed, it's the 2nd Quarter report, first quarter of the campaign].  I want to get specific, so let's talk about Obama for America.  The most important thing isn't the dollar total, but the number of people who pitched in to own a piece of this campaign.  So let's talk about that first.  552,462 people made a donation to this campaign in the first three months—more grassroots support at this point in the process than any campaign in political history.  Those people made more than 680,000 donations, demonstrating the strength of their commitment.  Congratulations on this monumental achievement. 

We made history on the 2008 campaign with our historic number of small dollar everyday people making donations of whatever they could afford.  If you look at the comparatile [phon.] four years ago, you'll see this movement is even stronger. And here's the part I'm personally very proud of.  Ninety-eight percent of all donations that came in were $250 or less, and our average donation is about $69, substantially lower than what our average donation in the 2008 campaign was.

Now let's step back and take a look at the larger budget picture.  Globally we raised more than $86 million, more than $47 million for Obama for America and more than $38 million for the DNC.  Again, we did this from the bottom up.  We didn't accept one single dollar from Washington lobbyists or special interest PACs, a commitment no other presidential campaign has made, and which the Republican National Committee also refuses to make.

We have reason to be proud of what we've built so far, but it's going to get tougher from here.  Our report this week will be more than 15,000 pages of information about who's making donations and how we're spending our money.  GOP outside spending for 2012 could be as much as $500 million, but these groups don't report anything.  We're not allowed to see any of those numbers.  This is a whole new ball game like we've never faced before. 

Thank you so much for all you've done—for your donations, for volunteering, for talking to your friends and family about the work the President has done.  But your job, my job, our job is to bring more people into this campaign, more people working together to make the changes we know we need across this country.  Thank you very, very much.


Ed. Note. While emphasizing small donations, the campaign also released, on July 15, a list of 244 bundlers who, according to OpenSecrets.org's Michael Beckel, helped bring in at least $34.95 million of the $86 million reported by Obama for America and the Obama Victory Fund.

July 6, 2011
ROMNEY FOR PRESIDENT REPORTS $18.25 MILLION IN TOTAL RECEIPTS FOR THE SECOND QUARTER
 
Boston, MA – Today, Romney for President announced it raised $18.25 million in total receipts for the Second Quarter ending June 30, 2011. This total represents only primary contributions; the campaign did not raise general election funds.
 
Romney for President National Finance Chairman Spencer Zwick said, “Voters are responding to Mitt Romney’s message that President Obama’s policies have failed and that we need new leadership in Washington. Our fundraising for the second quarter represents the strong support Mitt Romney has across the country.”
 
Facts About Romney For President’s $18.25 Million In Second Quarter Fundraising:
 
·         Amount Raised In Primary Contributions: $18.25 Million
·         Cash On Hand In Primary Contributions: $12.6 Million
·         Primary Contributions Received From All 50 States And Washington, D.C.
·         Second Quarter Burn Rate: 31%

July 5, 2011
Restore Our Future Announces Second Quarter Fundraising Figures

Romney supporters report $12 million cash on hand

WASHINGTON, DC - Restore Our Future today reported it raised $12 million in the first six months of the year and ended the reporting period with $12 million cash on hand.


"There is tremendous support across the country for Mitt Romney," said Charlie Spies, treasurer for Restore Our Future.  "
President Obama has taken our nation down the wrong road with out-of-control government spending that has produced no real results.  Voters are fed up.  Americans are coming out in support of Gov. Romney because they are confident he has the experience to turn our economy around."

Restore Our Future is a FEC registered "Super PAC" and will file its report, as required, by July 31, 2011.  All donors and expenditures through June 30 will be disclosed at that time.

July 1, 2011
statement from Press Secretary Alex Conant
"Gov. Pawlenty will report that his campaign has raised about $4.2 million, and begins the third quarter with more available cash-on-hand than the Republicans who won the Iowa caucuses and New Hampshire primary had in July 2007."

July 1, 2011
Cain Previews First Financial Filings

(Stockbridge, GA)- Republican presidential candidate Herman Cain today released an overview of his first campaign finance report, in advance of the reporting deadline of July 15.

While many candidates started with significant funding prior to the official launch of their campaigns, Cain’s operations started with $0 and have raised more than $2.46 million. The campaign boasts $0 in campaign debt, which Cain believes is a testament to his business principles.

“I am pleased to announce that our campaign has absolutely no debt,” Cain said. “I believe our country is in serious economic trouble, with politicians in Washington spending more than they take in. In my career as a business executive, I employed sound economic principles of fiscal responsibility that I will maintain throughout my campaign. I hope to set an example to those in Washington who should be doing the same.”

Friends of Herman Cain has received contributions from more than 27,000 individuals who have donated amounts ranging between $1 and the Federal Elections Commission maximum of $2,500. Donors hail from all 50 states.

“We are immensely appreciative of the outpouring of generosity from so many supporters across the U.S.,” Cain said. “I am humbled by the trust so many have put in me and assure them I will never forget where I come from, what I stand for and what matters to us as Americans.”

On the heels of increasing poll numbers and positive fundraising, Cain plans to announce additional staff, both “on the ground” and at campaign headquarters, in the coming weeks.




Ed. note: For the last week or two there have been a steady stream of fundraising emails from the campaigns in the lead-up to June 30 and the close of the 2nd Quarter fundraising period.  This press release from the Campaign Finance Institute does a good job of providing perspective.


PRESS RELEASE from Campaign Finance Institute

For Immediate Release
June 30, 2011
Contact: Michael Malbin


Previewing the June 30 Presidential Reports

Looking Back for Perspective and Questions

Many presidential campaigns will be giving out summaries of their fundraising receipts after the 2nd quarter closes today, even though the official disclosure reports will not be available until July 15th. Since each campaign will put the best light on its own results, we thought it useful to offer some historical information to let readers judge on their own.

Attached to this release are two tables. One shows the receipts for all of the major candidates as of June 30, 2007 (the same point in the ’08 election cycle), along with a breakdown by type of donor. A second gives fewer details, but presents June 30 information back to 1995.

Here are some of points we’ll be looking for in the coming reports.

Record Quarter for Obama? Record Half Year?
Small and Large Donors:
Mitt Romney:
There’s A Long Way to Go -- and Don’t Overrate Early Money
Tables:

Table 1: Presidential Candidates Fundraising Activity through 2nd Quarter 2007

Table 2: Primary Money Raised and Spent Through the 2nd Quarter Odd Years of Presidential Elections, 1995-2007



The Campaign Finance Institute is a nonpartisan research institute based in Washington DC. Statements of the Campaign Finance Institute or its staff do not necessarily reflect the views of CFI's trustees or financial supporters.

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