Common Dreams NewsCenter

We Can't Do It Without You!
 

Home | About Us | Donate | Signup | Archives | Search

Home > Progressive Community > NewsWire > For Immediate Release
   
Printer Friendly Version E-Mail This Article
   
Center for Responsive Politics
FOR IMMEDIATE RELEASE
FEBRUARY 10, 2004
4:09 PM
CONTACT:  Center for Responsive Politics
Newsroom: 202/857-0044
 
Political Nonprofits Active in Federal Elections Raised $72 Million in 2003
 

WASHINGTON - February 10 - Political nonprofits raised a total of $72.4 million last year for activities designed to influence federal elections, according to a Center for Responsive Politics analysis of the groups’ financial disclosures made available yesterday by the Internal Revenue Service.

America Coming Together (ACT), a group working to defeat President Bush this year, raised $12.5 million in 2003, the most of any so-called 527 group active in federal elections. Other such groups that were among the biggest recipients of money last year also are affiliated with Democratic causes. Joint Victory Campaign 2004, a joint fund-raising committee run by ACT and the Media Fund, raised $7.9 million last year, the second-highest total among political nonprofits active in federal elections.

Rounding out the top five are the American Federation of State, County and Municipal Employees ($7.5 million raised in 2003), the MoveOn.org Voter Fund ($4.8 million) and Partnership for America’s Families ($3.1 million). The highest-ranking Republican-leaning group is the Club for Growth, at No. 11 on the list with $1.7 million raised last year.

Top contributors to 527 groups last year include financier George Soros ($6.5 million), Peter Lewis, chairman of Progressive Corp. ($3.5 million), Hollywood producer Steven Bing ($3 million), RealNetworks chairman Robert Glaser ($995,000) and investor Linda Pritzker ($900,000).

527 groups, named for the section of the Internal Revenue Code that governs them, may currently raise unlimited soft money contributions from corporations, labor unions or wealthy individuals. Several of these groups, including America Coming Together, the Media Fund and the conservative Leadership Forum, were formed in response to the McCain-Feingold law’s ban on soft money fundraising by the national political parties and have been dubbed “shadow” groups because of their close ties to the parties.

Although they cannot contribute directly to federal candidates or parties, 527 groups may engage in issue advocacy designed to influence the outcome of elections.

The $72.4 million total includes organizations active in this year’s congressional and presidential contests. Figures for groups that operate at the state or local level, such as the Democratic and Republican Governors Associations, are not included. Transfers between committees may have caused some contributions to be double counted.

2004 Congressional Campaign Profiles

and State-by-State Breakdowns

Financial breakdowns of every congressional race in the country and of campaign giving by state are now available on OpenSecrets.org.

CRP’s congressional race profiles analyze the fund-raising and spending of every House and Senate candidate who has filed a campaign finance report with the Federal Election Commission. Visitors can compare the fund-raising of candidates with that of their opponents, including totals raised and spent, cash on hand and top contributors by organization and industry.

Visitors can view the proportion of candidates’ money raised within their states and outside their states, as well as fund-raising breakdowns by metro area and ZIP code. Also included is each candidate’s quality of disclosure.

The Center’s Get Local! section allows visitors to view federal campaign giving for each of the 50 states. Each state profile includes a listing of the congressional races in that state and the top industries and organizations contributing within that state to federal candidates and parties. Breakdowns of giving by each state’s counties, top metro areas and top ZIP codes are also available, as are contributions within each state to the presidential candidates.

###

Printer Friendly Version E-Mail This Article
Common Dreams NewsCenter is a non-profit news service
providing breaking news and views for the Progressive Community.

The press release posted here has been provided to Common Dreams NewsWire by one of the many progressive organizations who make up America's Progressive Community. If you wish to comment on this press release or would like more information, please contact the organization directly.
*all times Eastern US (GMT-5:00)

Making News?
Read our Guidelines for Submitting News Releases

CommonDreams.org is an Internet-based progressive news and grassroots activism organization, founded in 1997.
We are a nonprofit, progressive, independent and nonpartisan organization.

Home | About Us | Donate | Signup | Archives | Search

To inform. To inspire. To ignite change for the common good.


www.commondreams.org