Saturday, August 8, 2015

Meet the Megadonors Bankrolling Jeb Bush's Campaign

http://www.motherjones.com/politics/2015/07/right-rise-donors-revealed
"Jeb Bush knows it doesn't look good if a candidate appears to get most of his financial support from a small group of wealthy donors. Earlier this spring, he asked donors to try not to give checks of more than $1 million to his super-PAC, and when the group announced its total haul for the first six months of the year, it took pains to emphasize that 9,400 of its more than 9,900 contributors had donated less than $25,000.
But now it's going to be a lot harder for anyone to think of the Bush super-PAC—which completely dwarfs his campaign in terms of financial resources—as anything but driven by extremely wealthy donors.
This morning, the Right to Rise super-PAC filed its first disclosure reports, confirming that it had indeed raised $103 million in the first six months of the year. That is an unprecedented amount, but what's really news is the distribution of the donations. It does appear that only about 500 donors gave more than $25,000 to the super-PAC, but donations of less than $25,000 accounted for just $21.7 million of the total. On the other end of the spectrum, 23 people gave more than $1 million to the super-PAC, contributing a total of $27.3 million.
The size of the donations is shocking. Despite the growing public perception that super-PACs are playgrounds for millionaires, the number of people who have ever given $1 million to political causes in their lifetimes is small."