Romney’s Rainmakers Dump Millions Into His Super-PAC

<a href="http://www.flickr.com/photos/newshour/6804705570/sizes/m/in/photostream/">Newshour</a>/Flickr


June was the best month ever for super-PACs since their creation in 2010. In all, super-PACs large and small reeled in $55 million last month, according to the Sunlight Foundation. That brings their overall haul for the 2012 election cycle to $313 million.

Leading the charge in the outside money wars was Restore Our Future, the pro-Romney super-PAC run by dark-money guru Carl Forti. Restore Our Future raised $21 million in June. Seven families ponied up $15 million of that haul: casino tycoon Sheldon Adelson and his wife, Miriam; Boston financier John Childs; Dallas investor Harlan Crow; the company owned by Bill Koch, brother of the billionaires Charles and David Koch; Houston homebuilder Bob Perry; former Rick Santorum bankroller Foster Friess; and TD Ameritade executive Joe Ricketts.

And in an even more encouraging sign for the Romney super-PAC, USA Today points out that one in 10 donors to Mitt Romney’s campaign have also given to Restore Our Future. Fundraisers says that kind of donor crossover is key to a presidential super-PAC’s success—and that crossover has so far eluded the super-PAC supporting President Obama.

Restore Our Future wasn’t the only GOP super-PAC to notch a record month. American Crossroads, the super-PAC cofounded by Karl Rove, raised $5.7 million in June, including $2 million from Texan Bob Perry. John Childs also chipped in $500,000 to Crossroads last month in addition to the million each he gave to Restore Our Future and the Club for Growth.

Priorities USA Action, the pro-Obama super-PAC, also beat its monthly fundraising record, pulling in $6.2 million. Donors included Qualcomm founder Irwin Jacobs ($2 million), actor Morgan Freeman ($1 million), and Chicago media executive Fred Eychaner ($1 million).

More MotherJones reporting on Dark Money

FACT:

Mother Jones was founded as a nonprofit in 1976 because we knew corporations and the wealthy wouldn't fund the type of hard-hitting journalism we set out to do.

Today, reader support makes up about two-thirds of our budget, allows us to dig deep on stories that matter, and lets us keep our reporting free for everyone. If you value what you get from Mother Jones, please join us with a tax-deductible donation today so we can keep on doing the type of journalism 2019 demands.

We Recommend

Latest

Sign up for our newsletters

Subscribe and we'll send Mother Jones straight to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate

We have a new comment system! We are now using Coral, from Vox Media, for comments on all new articles. We'd love your feedback.