WASHINGTON, Oct 16: Federal disclosures filed revealed new details of the sources of money raised by Republican presidential hopeful Mitt Romney for the Romney Victory fund he uses jointly with the Republican National Committee.
Joint funds allow candidates to accept bigger checks than campaigns on their own. Campaigns can accept only up to 5,000 dollar from one donor, while a fund used jointly with the national party can accept up to 70,800 dollar in addition to that.
Romney’s Victory fund has reported raising a total of 375.6 million dollar since its creation in April, and 235.2 million dollar of that was raised in the third quarter, according to yesterday’s filings with the Federal Election Commission.
Almost all of the cash came from donors giving more than 200 dollar. Below is a list of the top 10 firms whose employees gave the most in contributions to the fund.
1. GOLDMAN SACHS
Description: Bank
Total amount: 1.3 million dollar
Note: Has remained a Number One giver to Romney’s Victory Fund and notably kicked up its giving from the second quarter, when its employees gave 902,310 dollar.
2. KOHLBERG KRAVIS ROBERTS
Description: Private equity firm
Total amount: 986,400 dollar
Note: Joins other financial firms on the top ten list for the first time.
3. JPMORGAN CHASE
Description: Bank
Total amount: 827,941 dollar
Note: Jumps to this position from Number Eight in the second quarter, when its employees gave 304,410 dollar.
4. ELLIOTT MANAGEMENT
Description: Hedge fund
Total amount: 812,750 dollar
Note: Was the second-biggest donor in the second quarter with 771,600 dollar coming from its employees.
5. BAIN CAPITAL
Description: Private equity firm
Total amount: 810,660 dollar
Note: Employees of Romney’s former company have slowed their giving; in the second quarter, Bain was Number Three with 757,100 dollar in donations.
6. ROTHMAN INSTITUTE
Description: Philadelphia-based orthopedic care institute
Total amount: 806,200 dollar
Note: A new addition to the top ten list.
7. H.I.G. CAPITAL
Description: Private equity firm
Total amount: 706,750 dollar
Note: Was the sixth-biggest giver in the second quarter with 338,250 dollar.
8. MORGAN STANLEY
Description: Bank
Total amount: 660,968 dollar
Note: Employees have nearly doubled their giving from the 309,450 dollar they donated in the second quarter, when the bank was Number Seven on the list.
9. BLACKSTONE GROUP
Description: Private equity firm
Total amount: 574,653 dollar
Note: Donations from the buyout firm have slowed – the company’s employees gave 498,550 dollar in the second quarter – sending it from Number Four to Number Nine.
10. CREDIT SUISSE
Description: Bank
Total amount: 465,779 dollar
Note: US employees of the Swiss multinational bank had given 283,985 dollar by the end of June when it was Number Nine.
(agencies)
Follow our WhatsApp channel