Obama’s Campaign Repeatedly Tapped Elite Donors

Obama’s Campaign Repeatedly Tapped Elite Donors

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Kimberly Kindy and Sarah Cohen
Washington Post
Sunday, Jan 18, 2009

Nearly 100 wealthy families and power couples contributed at least $100,000 each to help Barack Obama over the past two years, creating an elite set of donors to whom the president-elect repeatedly turned in financing his campaign, transition and inauguration, a Washington Post analysis shows.

As inaugural donations become public, a list of Obama’s most loyal backers has emerged, pointing to his success with a system that allows supporters to give maximum amounts on several occasions and to multiple committees.

The families gave to as many as five committees, records show, and 27 of the 94 families also bundled money from others, collecting millions of dollars on top of their personal donations.

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Among the supporters were well-known families such as the Rockefellers, as well as lesser-known backers such as New Yorker Frank Brosens, a leader in the hedge fund industry, who raised $500,000 for Obama’s campaign and inauguration in addition to the $182,000 he gave with his wife, parents and three sons.

“I told them it’s going to be a passion for me, and I’d like for them to get involved,” Brosens said.

Full article here