Obama inaugural committee raises $43 million

2013-04-23T00:00:00Z Obama inaugural committee raises $43 millionMatea Gold Mcclatchy Newspapers Arizona Daily Star
April 23, 2013 12:00 am  • 

WASHINGTON - President Obama's second inaugural committee raised a little more than $43 million to put on the official festivities surrounding his January swearing-in, backed by major donations from some of the country's biggest corporations, according to a report filed with the Federal Election Commission.

The total brought in by the 2013 Presidential Inaugural Committee was $10 million less than the amount raised in 2009 for Obama's first inauguration, a reflection of the scaled-down nature of this year's event. And it was nearly $7 million short of the committee's original $50 million goal.

The smaller haul came despite the fact that - in a reversal from 2009 - this year's inaugural committee accepted corporate donations, a decision that drew sharp criticism from campaign finance reform advocates.

The 2013 committee also took individual donations of more than $50,000, unlike four years ago, and did not disclose the amount given by contributors until the report was filed with the FEC on Saturday, three months after the inauguration.

In all, for-profit corporations donated $15.5 million to help put on this year's parade and official balls, about 36 percent of the money raised, according to an analysis by the Los Angeles Times/Tribune Washington Bureau.

The biggest donation came from AT&T, which contributed $4.6 million in equipment and other in-kind services. Microsoft gave nearly $2.1 million in technology services, while Boeing and Chevron each gave $1 million in cash.

Labor unions contributed more than $1.5 million, with several each giving $250,000.

The top individual giver was Tim Gill, a Denver-based gay-rights activist and philanthropist, who chipped in $500,000.

By the numbers

$43 million

Amount raised for President Obama second-term inauguration events

$15.5 million

Amounted donated by for-profit corporations, either in cash or in-kind gifts

$1.5 million

Amount donated by organized labor

Source: Federal Election Commission

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