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Elite Donors Do Double Duty: Presidential Super PACs Attract Wealthy Donors Who Have Maxed Out to Candidates

October 6, 2011

Elite Donors Do Double Duty: Presidential Super PACs Attract Wealthy Donors Who Have Maxed Out to Candidates
Source: Campaign Legal Center

During the second quarter of 2011, more than 50 individuals donated the legal maximum to Republican presidential candidate Mitt Romney and also dug into their pockets deeper and made additional contributions to Restore Our Future, a candidate-specific Super PAC formed to promote Romney’s campaign for president.

A new analysis by the Campaign Legal Center, Democracy 21 and the Center for Responsive Politics shows that 55 of the 75 individuals that donated to Restore Our Future also contributed to Romney’s presidential campaign committee. These double-dipping donors represent almost three-quarters (73 percent) of all of Restore Our Future’s individual donors. Their contributions to Restore Our Future ranged in size from as little as $3,500 to as much as $100,000, $500,000 and even $1 million. These contributions are far in excess of the $2,500 limit per individual, per election, that applies to contributions made to Romney or any other federal candidate.

Overall, these 55 donors to Romney’s presidential campaign contributed a combined total of $6.4 million to the Super PAC supporting Romney – a majority (52 percent) of all the money Restore Our Future raised as of June 30, the joint analysis shows.

+ Analysis (.xls)

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