Fourth Quarter 2003 Campaign Finances - Summary
October 1-December 31, 2003
 
Fourth Quarter 2003 Campaign Finances - Summary
Cash On Hand
(at beginning of reporting period
Debts+Obligations
Total Receipts
Total Disbursements
Cash On Hand
(at end of reporting period)
Debts+Obligations
Bush-Cheney '04
$70,453,543.88
$? 
$47,524,372.57
$18,871,264.74
$99,106,651.71
$139,842.19 
Clark for President, Inc.
$3,392,753.58
$? 
$10,313,452.05
$10,301,230.89
$3,404,974.74
$428,550.70 
Dean for America
$12,437,907.04
$? 
$15,954,375.38
$18,744,921.09
$9,647,361.33
$1,158,892.07 
Edwards for President, Inc.
$4,810,756.45
$? 
$1,910,902.21
$6,446,446.51
$275,212.15
$585,421.15 
Gephardt for President Inc.
$5,864,054.96
$? 
$2,961,366.58
$7,225,614.12
$1,599,807.42
$1,160,059.75 
Bob Graham for President Inc
$732,065.14
$? 
$392,893.27
$1,038,809.24
$86,149.17
$37,639.74 
     
John Kerry for President Inc
$7,786,290.91
$285,754.76 
    $5,239,862.60*
$11,420,725.55
$1,605,427.96
$3,811,569.76 
Kerry GELAC Fund
$
$
$
$
Kucinich for President Committee
$898,395.42
$2,899,222.81**
$1,168,177.09
$2,629,441.14
$1,500,000.00 
Joe Lieberman for President, Inc.
$4,077,980.45
$? 
$2,167,110.30
$5,632,929.42
$612,161.33
$253,247.14 
Carol Moseley Braun for President
$29,278.15
$113,918.13 
$150,616.36
$175,877.20
$4,017.31
$218,488.10 
Sharpton 2004
$41,143.52
$? 
$137,451.95
$171,060.12 $7,535.35
$348,450.57 
*Kerry figure includes $2,887,965.80 loans.
**Kucinich figure includes $1,500,000 loan.
Debts+Obligations is the net figure (i.e. Debts and Obligations Owed By the Committee - Debts and Obligations Owed To the Committee).
 
 
Fourth Quarter 2003 - Ranked
Top Fundraising
(Total Receipts)
Top Spending
(Total Disbursements)
1. Bush-Cheney '04
$47,524,372.57
1. Bush-Cheney '04
$18,871,264.74
2. Dean for America
$15,954,375.38
2. Dean for America
$18,744,921.09
3. Clark for President, Inc.
$10,313,452.05
3. John Kerry for President, Inc.
$11,420,725.55
4. 
$
4. Clark for President, Inc.
$10,301,230.89
5. 
$
5. Gephardt for President, Inc.
$7,225,614.12
6. 
$
6. Edwards for President, Inc.
$6,446,446.51
7. 
$
7. Joe Lieberman for President, Inc.
$5,632,929.42
8. 
$
8. Kucinich for President Committee
$1,168,177.09
9. 
$
9. Bob Graham for President, Inc.
$1,038,809.24
10. 
$
10. Carol Moseley Braun for President
$175,877.20
11. 
$
11. Sharpton 2004
$171,060.12
*

Notes:
Bush
4th Q 2003:  The campaign rased $47 million in contributions from 288,000 contributors of whom 232,000 were new contributors (did not contribute in the second or third quarters).  The campaign reported $32 million was raised through events, $14 million with direct mail, and $1 million online.  Average contribution for the quarter was $146.  During the 4th Quarter, President Bush did 19 fundraising events, Vice President Cheney 15, First Lady Laura Bush 6, Lynne Cheney 3, and Commerce Secretary Don Evans 4. 

Year End 2003: The campaign raised $130 million from 494,000 contributors.  The campaign reported $100 million was raised through events, $27 million with direct mail/phones, and $3 million online.  Average contribution was $211.  The campaign finished the year with $99 million in cash on hand.  For the year 2003, President Bush did 42 fundraising events, Vice President Cheney 34, First Lady Laura Bush 13, Lynne Cheney 3, and Commerce Secretary Don Evans 4.
 

Clark
 

Dean
4th Quarter 2003:  On November 8, 2003 Dean announced that Dean for America would not accept public matching funds.  The announcement came following a two-day vote among his supporters.  Dean announced the vote in a speech at Cooper Union on November 6.  The campaign e-mailed, called and even sent letters to over 600,000 supporters to encourage the vote.  104,746 supporters voted and 89,533 of them, or 85 percent, said the campaign should forgo matching funds.  (Never missing an opportunity, Dean for America also took in $5.3 million in contributions and pledges during the two days).  Not content to merely announce the outcome, Dean for America held a ceremony at the University of Vermont at which Dean and seven supporters from around the country signed a "Declaration of Independence by the People of Dean for America."

Edwards
 

Gephardt
 

Graham: Sen. Graham ended his campaign on October 6. 
 

Kerry
4th Q 2003
--On November 14, 2003 Sen. Kerry announced his decision to forgo federal matching funds. 

--On December 18, 2003 Campaign Manager Mary Beth Cahill issued this statement:

“Senator Kerry has fulfilled his promise to invest in his own campaign.  This is a clear statement by John Kerry – he is in the race to win the nomination and defeat George Bush.

“Over the last week, Senator Kerry has initially loaned his presidential campaign $850,000 from his personal credit.

“Additionally, he is in the process of obtaining a personal loan secured by the family home in Boston.  When the details are finalized, our campaign will disclose the appropriate information. 

“Senator Kerry will keep all his options open under the law on further funding of the campaign.”

--On December 24, 2003 the campaign announced in a statement from Campaign Manager Mary Beth Cahill, "Senator John Kerry has finalized plans to loan his presidential campaign over $6 million.  The personal loan was secured through a mortgage on his share of the family's home in Boston."

--The FEC report shows four lines of credit.  $500,000 (12/12), $350,000 (12/15), $250,000 (12/19) and $290,4870.35 (12/24), for a total amount of $4,004,870.25.  The first three were repaid through proceeds of 12/24/2003 loan.
 

Kucinich
On December 18, 2003 the campaign took out a loan of $1,500,000 from the Fifth Third Bank.  Terms are a 5.25% interest rate, payable on June 30, 2004; the campaign pledged a cash deposit of $300,000.00 and future matching funds as collateral.

Lieberman

Moseley Braun: 

Sharpton: 

Copyright © 2004 Eric M. Appleman/Democracy in Action.