Tags: US | Obama | Inauguration

Obama's Inaugural Raised $43 Million

Tuesday, 23 Apr 2013 06:22 AM

President Barack Obama's inaugural committee raised more than $43 million for his second inauguration, with corporations chipping in a major portion.

Reports filed with the Federal Election Commission show the committee fell about $7 million short of its $50 million fundraising goal.

For his first inauguration, Obama raised $53 million in private money, turning away corporations and individual contributions exceeding $50,000. This time, Obama reversed that policy.

The biggest sum came from AT&T Inc., who gave $4.6 million. Microsoft Corp. donated $2.1 million. Boeing Co. and Chevron Corp. gave a million each.

The largest individual donation of $500,000 came from Timothy Gill, a technology entrepreneur and gay rights activist.

The government pays for official activities like the swearing-in, but donations fund the inaugural balls and other celebrations.

© Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 
1Like our page
2Share
Newsfront
President Barack Obama's inaugural committee raised more than $43 million for his second inauguration, with corporations chipping in a major portion.Reports filed with the Federal Election Commission show the committee fell about $7 million short of its $50 million...
US,Obama,Inauguration
127
2013-22-23
Tuesday, 23 Apr 2013 06:22 AM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved